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Q1. What is meant by average propensity to consume? Suppose that $1000 out of $10000 disposable income is saved. What is the APC?
Q2. If the price level is $1.15 and the $V is .87, will an increase or decrease in the money supply increase the price level to the tolerable range and why?
Q3. What is meant by the average propensity to consume? Suppose that $1,000 out of $10,000 disposable income is saved. What is the APC?
The GDP is a total market value of final goods and services produced within a country over time. Why is this a reflection of this country's cost of living so varied making expenditures.
Amalgamate the information you have gathered and tell the economic consulting firm which actions you think OPEC will take over the next year based on your answers.
Based on the information conveyed by the demand curve expressions, how would you explain the price difference between the two meals.
The no-trade equilibrium in Foreign. How do the relative no trade prices of computers compare in Home and Foreign.
Would a typical hedger be willing to pay a risk premium in order to hedge by buying foreign currency forward.
Profits associated with polluting for Friedman Inc. are π = 40Q - 2Q2, where Q = pollution emitted (in tons), and profits are measured in dollars.
After allowing for sleep and personal care, she has 70 free hours each week and must split these hours between work to earn money.
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
What would happen to the value of gold if people discovered that it could easily be made at home from inexpensive materials
Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products.
A new Taurus bought in 1994 cost $18,680 and it could have been sold as used in 1995 for $12,600.
firm competing in a monopolistic competitive market. What conditions exist when economic profits are maximized.
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