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If the economy is in long run economic equilibrium, at potential GDP, and full employment has been reached as well, if there is an outward shift in aggregate demand, we can expect damaging inflation to start to occur and the government to seek contractionary fiscal and monetary options.
Illustrate what are the major differences among an open and closed economy
Explain the difference between the incentives of the owner of a house and renter of a house to undertake expenditures designed to improve or maintain the house. For example, are renters more likely to replace light bulbs
In a certain economy consumption (C) is given as; C = 10,000 + 0.7Y I = 10,000 where G = Government spending G = 5,000 X = Exports
1. suppose the demand for baseballs is given by q 200 - 8p.a. waht is the price elasticity of demand when p6?b. at
Some fields have large enough quantities of both oil and natural gas that coordination must be achieved for the production of both, rather than oil a in our examples. Will fields with both oil and gas have greater difficulties in unitization than ..
What is the profit-maximizing output of the monopolist shown below? What price do they set? What is the monopolist's markup over the competitive price? Why will this price not fall
ECON1000 Final Research Project 2015. Comment on the trends in the inflation rate and money supply from 2000 to 2014. Is there any relationship between the movement in the money supply and the inflation rate over the period
What are your predictions for the US economy over the next two years? Use the macroeconomic models you have learned to present a reasoned answer. Explain your assumptions clearly.
1) Q: One reason why the quantity demanded of a good increases as its price decreases is that 2) Q: If it is now mo re profitable for farmers to produce rice than corn, we can expect
general this exam will cover the material from throughout the economics. that is anything is fair game but the
Describe the possible impacts of government borrowing upon the financial system and the economy. What are the principal sources of revenue for state and local governments today Where do they spend the bulk of their incoming funds
Suppose all your friends offered to help wash your car. Would marginal physical product of labor decline as more friends helped? Why or why not?
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