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1. What is the Phillip's curve?
2. Why/how does inflation impact the growth rate of the economy in the medium run.
3. Does Inflation seem to matter for economic growth?
If there is no tariff, explain how much does customer pay for a pound of coffee. Illustrate what is the quantity demanded.
An industry which generates detrimental externalities will have a marginal social cost higher than the marginal private cost to the industry.
A monopolist faces a demand curve given by P=105-3Q P is price, Q is quantity demanded. Marginal cost of production is $15.00. No fixed costs. Explaim how much output in order to maximize profit.
what happened to the overall price level. Explain how might you construct a measure of the change in the price level.
Explain the difference between Macroeconomics and Microeconomics. Also explain how economics is used as a social science and as a policy tool.
Contrast two or three key economic factors for this country with the United State economy also comment.
Explain different conditions that can make aggregate supply curve shift to right. Explain how this shift on a graph. Illustrate what impact will shift have on equilibrium GDP.
The data is listed per quarter, and real GDP data was calculated using 2005 as the base year. Fill in the columnns for the GDP deflator and for the percent increase in price level.
A new OSHA rule requires that welders be given 2 hour break for every 2 hours of work to prevent carpel tunnel syndrome. Using production theory, explain what will happen to the capital labor ratio in both the short run (when capital is fixed) and..
illustrate what is the largest cardholder fee that Tuan will pay. the long run a perfectly competitive firm experiences economic profit and new firms will enter the market.
For several months before your vacation trip to germany,you fiind out that the exchange rate for the peso has increased relative to the euro. are you pleased or saddened explain.
Illustrate what is equilibrium price of box. Is this long-run equilibrium price. Explain how many firms are in this industry when it is in long-run equilibrium.
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