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If real GDP increases by 5 percent next year and the price level goes up by 4 percent, by how much will nominal GDP increase?
then an initial increase in aggregate demand of $100 billion will eventually shift the aggregate demand curve to the right by.
The demand curve for fire extinguisher slopes downward and supply curve for fire extinguishers slopes upward. The production of the 500 fire extinguisher entails the following, a private cost$10,an external cost of $0, a private value of $9, an exter..
The Fed's two main monetary policy targets are _____. Of these, the FED chooses to target _____.
Treating a patient with congestive heart failure with tPlex rather than Isother increases average life expectancy to 12.3 years from 11.5 years. The added cost of therapy is $14,000. What is the cost per life year? Should you choose tPlex or Isother?
Why are barriers to entry essential for a monopoly to exist? Which of the following is NOT an example of a barrier to entry for monopolists? To charge different prices to different individuals or groups of individuals is called: An industry in which ..
Suppose the money demand is ?at when the interest rate i is equal to zero and downward-sloping as usual when the interest rate i is greater than zero. Draw the IS, LM and AD curves. Suppose that the economy starts from a short-run equilibrium where o..
Objectives regarding _____ are generally stated in terms of percentage of sales increase and market share. Which of the following statements is true about employee empowerment? As managers move up to higher levels of the organization, _____ skills ha..
In the market for copper, we can obtain copper from two sources. The marginal cost of mining ore is MC1 = 10 + 7q1 and the marginal cost of recycling copperisMC2 =40+2q2. If the total market demand for copper is 50, what amount will come from mining ..
Why is it unlikely that a firm would sell at a price and quantity where its demand curve is price inelastic?
Development of a new computer network requires $1,007,324 as first costs and $45,051 per year as operating costs. It will be in operation for the next 5 years bringing $542,338 as annual revenue over this period. It is also known that MARR is 15%, an..
Be able to explain how Fiscal Policy works; what are the tools used, who orchestrates the use of those tools, and how are they used during Recessions and periods of Inflation. Also know what problems are involved in implementing the policy and the im..
Equilibrium discrimination and crowding. Suppose there are two occupations, chefs and truck drivers. Draw hypothetical supply and demand graphs for men and women to both occupations assuming that some of each gender prefers each job. Now, assume that..
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