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Other things being? equal, a depreciation of the dollar A. decreases aggregate demand in the United? States, and may decrease aggregate supply by increasing the prices of imported resources. B. increases aggregate demand in the United? States, and may decrease aggregate supply by increasing the prices of imported resources. C. increases aggregate demand in the United? States, and may increase aggregate supply by reducing the prices of imported resources. D. decreases aggregate demand in the United? States, and may increase aggregate supply by reducing the prices of imported resources.
For each of the following situations, decide whether the bundle Lakshani is considering optimal or not. If it is not optimal, how could Lakshani improve her overall level of utility? That is, determine which good she should spend more on and which go..
Based on the explanation given on “demand hypothesis”, can you cite a practical application using “physician care” as the commodity.
During the industrial revolution:
Explain why do we consider a business-cycle expansion different from long-run economic growth. Why do we care about the size of the long run growth rate of real GDP versus the size of the growth rate of the population.
To conduct an experiment, AMC increases movie ticket prices from $9 to $10 and measured the change in ticket sales. Using the data over the following month, they concluded that the increase was profitable. However, over the subsequent months, they ch..
How much “control” does Congress have over spending based on the fiscal budget of 2017? Evaluate the amount of discretionary spending vs. non-discretionary spending.
An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price of $2/unit of food. Draw the budget constraint for the individual with the composite good on the y-axis and food on the x-a..
What appears to be the major constraint that the central banks used to determine the limits of the monetary injections into the economy?
The sales manager of a retail outlet suggests that the best way to increase the number of customers is to have a sale. If a 10 percent price cut doesn't bring in enough customers, then he'll cut prices 20 percent. Increased cash flow should take care..
The domestic demand for MP3 players is given by QD = 5000 – 100P, where P is price measured in euros and quantity Q is measured in thousands of MP3 players per year. The domestic supply curve for MP3 players is given by QS = 150P. Specify: What is th..
Compared to an income tax, does an inflation tax place a greater or lesser burden on the poor? Please explain your answer.
Out of the people who wear seat belts, northeast has 148. Out of the people who don't wear seat belts, northeast has 52. A total of 858 wear seatbelts in the United States. Illustrate what is the probability of seat belt usage by region of the cou..
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