Find which are stock variables and which are flow variables

Assignment Help Microeconomics
Reference no: EM13218615

Describe the difference between "stock variables" and "flow variables" in macroeconomic models. Of the following variables: aggregate income, aggregate wealth, aggregate investment, the aggregate money supply, government budget deficit, and government debt, which are stock variables, and which are flow variables?

Reference no: EM13218615

Questions Cloud

Explain the dehydration of beta-hydroxy ketone occur : the dehydration of beta-hydroxy ketone occur so readily to produce the alkene compared with all the unsuccessful effort to dehydrate an alcohol under basic conditions?
What general economic reasons might be for a hospital : The payoff depicts service competition between two hospitals in a southwestern city. (Each payoff represents profit in millions of dollars) Hospital B's Service Basic All-Purpose Speciality Hospital A's Basic 5,7 5,4 12,6 services All-Purpose 4,5 ..
Evaluate the validity of the claim : Politicians who support the green movement often argue that it is profitable for firms to pursue a strategy that is "environmentally friendly" (for example, by building factories that do not pollute and are not noisy), because workers will be will..
Determine the cost production function : The production function is given by W=F(L)=8*L^.5 and the marginal productivity MPL=4/L^.5. If widgets sell for $10, the price of labor is $8/hour, and there is a fixed cost of $25. What is the cost function C(W) for this production technology.
Find which are stock variables and which are flow variables : Describe the difference between "stock variables" and "flow variables" in macroeconomic models. Of the following variables: aggregate income, aggregate wealth, aggregate investment, the aggregate money supply, government budget deficit, and govern..
How many hours of labor should be hired to maximize profits : Production of widgets (W) uses labor (L) as its only input. The production function is given by W=F(L)=8*L^.5 and the marginal productivity MPL=4/L^.5. If widgets sell for $10, the price of labor is $8/hour, and there is a fixed cost of $25
How firms enjoy a 15 percent share of the us market : You work for a firm on Wall Street that specializes in mergers, and you are the team leader in charge of getting approval for a merger between two major beer manufacturers in the United States. While Table 7-2 in the text indicates that the four-f..
Compute the molar mass of the element : An element has ccp packing with a face-centered cubic unit cell. Its density is 11.4 g/mL and the unit cell volume is 1.21 x 10-25 L. Calculate the molar mass (g/mol) of the element to three significant figures.
Determine the breakeven number of visitors per year : The Tummy Tugger has fixed costs of $10,000 per year and variable costs of $2.50 per visitor. The Head Buzzer has fixed costs of $4000 per year, and variable costs of $4 per visitor. Provide answers to the following questions so the amusement park..

Reviews

Write a Review

Microeconomics Questions & Answers

  Describe tpm-tqc and jit

Amazon's "autobot" recommended a book to an economist titled Quality maintenance: Zero Defects through Equipment Management. The book's description is "Achieve zero-defect product quality by eliminating the root causes of your equipment defects

  Calculate alexs income elasticity of demand

Calculate Alex's income elasticity of demand for bagels and what is the pasta sauce makers' estimate  of the cross elasticity of demand for pasta sauce with respect to the price of pasta?

  Describe the existence of negative externalities

.if individuals are free to produce whatever goods they want, then when excess profit is being made, more people will enter into the production of that good and consumers will benefit as the price is pushed down.

  What real rate of interest can earn on the saving certificat

Compare these nominal interest rates with the current rate of inflation as measured by the most recently announced rate of change in the consumer price indexIf the current rate of inflation were to continue unchanged, what real rate of interest wo..

  What is driving increases in spending on health care

Nobel Laureate Robert Fogel of the University of Chicago has argued, "Expenditures on healthcare are driven by demand, which is spurred by income and by advances in biotechnology that make health interventions increasingly effective." If Fogel is ..

  How to create deposit dollars

If the lending process continues as far as it can possibly go, how many deposit dollars will be created from this initial $1000 deposit?

  To create goodwill to increase expected future business

Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill.

  Profits of monopoly in long run

Describe how a firm in a Monopoly market maximizes its profits and minimizes its losses in the short term and in the long term. Can a Monopoly make a profit in the long term?

  Difference between a normal good and an inferior good

Explain the difference between a normal good and an inferior good. Would your answers to question 7 change depending on whether this good is a normal or inferior good? Why?

  What is profit-maximizing level of production

shut down her business in the short run but continue to operate in the long run. continue to operate in the short run but shut down in the long run.

  Dscribe are monopolies always bad

Write your individual answers to the questions listed above together using a minimum of 300 words in essay format in APA style. use APA template in Doc Sharing, using correct economic terms covered in the discussions.

  Outline a microeconomic reform issue

Outline a microeconomic reform issue that is relevant to the Australian economy and how successful do you think these reform measures were and say why referring to some data or research that has been performed?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd