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Give your opinion on the validity of the following statement: Money must have material backing to have value. Justify your response.Take a stand on whether or not it would be easier for the Federal Reserve to expand the supply of money in a period of prosperity versus in a period of recession.
Assume that gross national debt is equal to $3million and the federal government then runs a deficit of $300 billion. what is the new level of gross national debt.
Derive the marginal cost curve from your answer to (c) and show the relationship between the marginal cost and marginal product of labor.
According to your estimate, elucidate what happens to the Transit Authorityas revenue when the fare increases.
The fiscal policy makers of Leverett want to adjust taxes to maintain the exchange rate at its previous level. What should they do If they do this, what are the overall effects on saving, investment, net exports, and the interest rate
Sketch a graph of demand and supply curves that shows the effect of an increase in rainfall on the equilibrium price and quantity of corn. Do price and quantity increase or decrease?
The farmer initially grows 1,057 acres of wheat and 0 acres of corn. Suppose the price of corn increases by $102 per acre harvested and how much does the farmer's revenue change by if she continues to grow wheat even after the price of corn increas..
The market for toasters is a competitive market. Suppose that the quantity of toasters supplied per year depends as follows on the price of a toaster:On a piece of graph paper, plot the supply curve for toasters. How does the quantity supplied of toa..
In an article on the steel industry, The Wall Street Journal noted that as steel prices were falling, steelmakers were not cutting production-Explain how advertising can be employed to allow Tots-R-Us to keep price average above cost without encoura..
There is a pure exchange economy with two identical customer , A and B. C ustomer A has 8 units of good 1 and 4 units of good 2. C ustomer B has 4 units of good 1 and 8 units of good 2.
Is there a parallel among diminishing marginal utility in consumption and diminishing returns in productio.
Application of Nash Equilibrium and Game Theory with examples
Explain how might these regulations be thought of as being a negative technological change.
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