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Question: Basic supply and demand questions
Laws of demand and supply Factors influencing demand and supply
Meaning of market equilibrium
Events shifting the D & S curves; the resulting new equilibrium price and quantity
Price floors: explanation, diagram, example, efficiency aspects
Price ceilings: explanation, diagram, example, efficiency aspects
Find out one story about the economy that has been in the news lately.
For the life of me I can't figure out the following: Output is produced according to Q=4LK, where L is the quantity of labor input and K is the quantity of capital input. If the price of K is $10 and the price of L is $5, then the cost-minimizin..
Illustrtae what is the current cost of a share of stock for a firm with $5 million in balance-sheet equity.
1. What happens when the oil runs out? 2. Does Unemployment raise when the crisis hits? 3. What happens to Oil Service Stocks?
Delta Engineering pays $2500 quarterly for their errors and omissions insurance. If paid annually, the rate is $9000. What effective annual interest rate.
How would this affect employers and how would it affect workers? In your opinion, would this be a good policy?
Why is productivity growth so important for keeping standards of living rising over time?
If the Fed sells $2 million of bonds to the First National Bank, What happens to reserves and the monetary base? Use T-accounts to explain your answer.
If you are the chief economist of a country experiencing high unemployment and flat GDP, what macroeconomic policies might you enact in response to these economic conditions? How would you expect these policy changes to impact the economy?
Suppose that you believe that the average rate of inflation over the next 20 years will be 3.5 percent. Would you by the nominal or the inflation-indexed bond?
Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than.
Show the location of the Chinese economy on a diagram. What would be your advice on how the authorities should move the renminbi's exchange rate?
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