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1. In which of the three market arenas is each of the following goods traded?
a. U.S. Treasury Bonds
b. An Amazon Kindle
c. A Harley-Davidson Softail motorcycle
d. The business knowledge of Dallas Mavericks’ owner Mark Cuban
e. Shares of Google stock
f. The crop-harvesting abilities of an orange picker in Florida
2. Assume that the demand for autoworkers declines significantly due to a decrease in demand for new automobiles. Explain what will happen to unemployment using both classical and Keynesian reasoning.
3. Explain why the length and severity of the Great Depression necessitated a fundamental rethinking of the operations of the macroeconomy.
A. Hardware, when new and more efficient manufacturing technology becomes available. What does this change affect Demand or supply In which direction does the curve shift Draw a graph and explain what will happen to the price and quantity
If actual output is beneath potential output, then fiscal policy advocates are most likely to emphasize: A) the supply-side effects of expansionary fiscal policy. B) the demand-side effects of expansionary fiscal policy
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange.
Elucidate good or service does the company sell. Is the price elasticity of demand elastic or inelastic for that good or service.
Acme sells cans of mixed nuts. A typical can has 100 nuts. In the past, 5% of the nuts were cashews, but now Acme is advertising that its new and improved can of mixed nuts has 40% more cashews. Cashews make up what percent of the new and improved ca..
The following is a list of figures for a given year in billions of dollars. Calculate the GDP and NI.
The Great Harvest Bread Company offers their customers quantity (or volume) discounts. Specifically, if a customer consumes 8 or fewer loaves of bread per month, then the price is $4 per loaf. But if a customer consumes more than 8 loaves of bread..
Consider a macroeconomy was initially at equilibrium level of real GDP. Using an aggregate demand and aggregate supply diagram or model of the economy, graphically illustrate and discuss the short-run and long-run effects of the following events upon..
Assume that price level is fixed in the short run so that the economy does not reach general equilibrium immediately after a change in thee economy.
Illustrate what is the own price elasticity for ATM fees charged to non-customers.
Explain why is private property and the protection of property rights, so crucial to the success of the market system.
It goes on to say that using these three tools, the Federal Reserve influences the demand for and supply of balances that depository institutions hold at the Federal Reserve Banks, and in this way, it alters the federal funds rate. The federal fun..
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