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Suppose that consumption depends on the interest rate. How, if at all, does this alter the conclusions reached in the chapter about the impact of an increase in government purchases on investment, consumption, national saving, and the interest rate?
Identify a particular industry that meets the criteria for Pure Competition or Monopoly. Explain clearly why you think the industry is in Pure Competition or is a Monopoly and evaluate it from perspectives of efficiency and equity.
You are an economic adviser to a candidate for national office. She asks you for a summary of the economic consequences of a balanced-budget rule for the federal government and for your recommendation on whether she should support such a rule. How do..
The percentage of children who die before their first birthday in a particular country?
Illustrate what can you say regarding your price elasticity of demand of apples
Monetary approach, elucidate the process by which a balance of payments deficit is corrected under a flexible exchange rate system?
Consider the data above for a simple economy. 1) What is the unemployment rate for this simple economy? 2) What is the labor force participation rate for this simple economy?
In your diagram, show that a family that considers food a necessity, given $M/3 in cash would spend less than $M/3 on food. What is the optimal bundle of this type of family if instead of receiving cash it received the SNAP card? g) At bundle H, i..
Wy might a parent company like McDonald Hilton choose to franchise its local outlet rather than own them and staff them with employees In many smaller cities all McDonalds franchise are owned by the same franchise.
using the quantity theory of money answer the following questionsa. if the money supply increases show the three
When economists with different political views do cost or profit comparisons, they often reach different decisions. If their analysis is based on objective costs and valid techniques, why would not they reach similar decisions,
Assume Px = 5, Py = 2 and Income =540. If a consumer has a MVx = 2x/y, is it possible for her to achieve an interior solution? If so, what is the solution? If not, why not?
Calculate the price elasticity of demand for the following products and state whether demand is price elastic, inelastic, or unit elastic, a. Raw sugar prices rose by 3% and raw sugar consumption declined by 2%.
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