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Are your personal views most closely aligned with the classical, new classical, Keynesian or New Keynesian models? Why do you say that/ what tells you that?
q1. between the first quarter of 2005 and the fourth quarter of 2006 the cpi increased by 7 percent while the gdp
Explain Ricardo's theory of rent and Malthus' theory of population. Why did their contemporaries call them the "dismal scientists?" Why were their predictions not correct in their time? Explain
Please specify what is the exchange-rate system of Republic of Turkey? Describe briefly the advantages and disadvantages of the specific exchange-rate system. Do you think the world will move toward an international monetary system more characteristi..
Below is a list of domestic output and national income figures for a given year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditure and income methods. The results..
The manager of Big Oil Company in Mandeville tells investors that at the end of 2006 they had gasoline in inventory worth $446. In 2007, Big Oil produced gasoline worth $353 and sold gasoline worth $217. How much did Big Oil add to Mandeville's GDP i..
Complete the following table which summarizes the weekly sales and cost situation confronting a monopolist: Instructions: Enter your responses for total revenue, marginal revenue, and marginal cost as whole numbers. Enter your responses for average t..
a. Calculate the indirect utility function for this Cobb-Douglas case. b. Calculate the expenditure function for this case.
An economist estimated that the cost function of a single-product firm is: C(Q) = 120 + 20Q + 25Q2 + 10Q3. Based on this information, determine the following: The fixed cost of producing 10 units of output. The variable cost of producing 10 units of ..
Axelrod and Hamilton in "The Evolution of Cooperation" discuss the stability of the reciprocal strategy TIT FOR TAT. Is TIT FOR TAT an evolutionary stable strategy (according to the technical definition of ESS - see Skyrms, "Evolution" on blackboard)..
For a perfectly competitive firm,
Kavita De Falla is an individual with low risk tolerance who has just inherited $100,000. She has no immediate needs for the funds but would like to supplement her current income. What would be the expected price of each bond one year from now if int..
Calculate the cross-price elasticity of demand. Given the elasticity you calculated, did it make sense for supermarket to raise its price.
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