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Suppose that the Law of Demand is violated – that is, suppose that the Demand curve for a particular good is upward sloping. Suppose that the Law of Supply still holds so that the Supply curve is also upward sloping. This results in two cases, depending on which curve is steeper. Consider both cases and analyze what happens if price is above its equilibrium level. How does price adjust in each case?
In the short run ,lowering the federal funds rate shifts the aggregate demand curve----------so that the real GDP---------and the price level --------------
Over the past 5 days, the common stock of Tyler Mfg. had daily returns of 0.2, -0.1, -0.2, 0.3, and 0.1 percent, respectively. For the same 5 days, the market had daily returns of 0.0, 0.1, -0.3, 0.4, and 0.2 percent, respectively. What is the cumula..
A primary cause of inefficiency in government is that. According to the survey reported in the text, most people believe that health related goods and services should be allocated by the ___ allocation mechanism. An illegal drug dealer will maximize ..
Your article shows money performing (or failing to perform) at least one of the following functions: (a) medium of exchange, (b) store of value, or (c) standard of value. What is the particular form of money (M1, M2, etc.) that would be the smallest ..
Write a summary to discuss your data findings and the proposed solutions generated based on applying econometrics and analyzing the data. You are required to submit the selected data, methods for testing and validating data, and the economic decision..
Review the case on loss of personal information and be able to make conclusions based on your findings on the VA case and loss of private information.
q. imagine a society that produces military goods and consumer goods which well call guns and butter.a. draw a
Firm A and Firm B are competitors in the same industry. The two firms have similar operating costs, except Firm A has more fixed operating costs than Firm B. As a result, which firm would experience a greater change in operating income as the result ..
Suppose you have three people who are suggesting three social welfare functions for a society of five persons. Person 1 suggests the sum of the utility of each individual (U1+U2+U3+U4+U5). Person 2 suggests using the minimum utility of each individua..
Imagine you are a businessperson who likes to invest in small to medium size start-up businesses that are focused on the creative industries. How you would use each item of information to make your investment decision.
Using a graph explain the welfare impact of tariff on domestic consumers, producers, government, and national welfare in a) a small country b) a large country.
Mr. Dilatoriness has a PhD in economics, but is happily unemployed; he spends most of his time reading classical literature, art and philosophy. He gets $ 3000 a week from his parents. Explain the concept of a reservation wage? Under what circumstanc..
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