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Suppose that the economy price level is 100, the quantity demanded of Real GDP in short-run is $4,000 billion and quantity supplied is $4,000 billion. find the output gap in percentage points?
The owner/manager of an athletic shoe store has revenue of $260,000 per year and labor, interest, inventory, and miscellaneous expenses of $200,000. The owner also owns the building the store is located in. It would rent out for $5,000 annually. What..
When tolls on the Dulles Airport Greenway were increased from $0.50 to $1.50, traffic decreased from 31,000 to 10,000 trips a day. Assuming all changes in quantity were due to the change in price, what is the price elasticity of demand for the Dulles..
Elucidate five specific actions which can be expected to cause the equilibrium of ice cream to increase.
What is the optimal bundle Carmela can achieve while spending $60? C) For Carmela, is clothing a normal or inferior good?
Illustrate what is the expected value of the future share price? b. Sharon buys a ticket in a small lottery.
At what output level would the monopolist produce? (C) At what output level would a perfectly competitive firm produce?
If a governments money is backed by gold and global instability causes its mint parity rate to become too high and as a result the country falls into a depression, can the governments central bank fight the recession by increasing the money supply? E..
The opportunity cost of holding money is that you
Assume that the product depicted below generates external costs in consumption of $3 per unit. What is the market price (market value) of the product? What is the socially optimal output?
Explain how the “incidence” (i.e. “Who pays the tax”) of a per-unit tax on transactions depends upon the slopes of the supply curve and the demand curve. You may utilize graphical analysis to explain your answer as well.
The AFN equation produces more accurate forecasts than the forecasted financial statement method, especially if fixed assets are lumpy, economies of scale exist, or if excess capacity exists.
q.assume that an economy characterized by m 6000 billionv 2.5p 100a illustrate what is the real value of output q?
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