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Suppose that an economy recorded the following growth rates in a particular year:
Percentage change in the real stock of money: 4 percent
Percentage change in nominal GDP: 6 percent
Percentage change in the price level (the GDP deflator): 1 percent
From the above information, calculate the percentage change in the velocity of money.
A country has a comparative advantage in the production of a good if it can
In the absence of government interference, there is a constant marginal cost of $5 per ounce for growing marijuana and delivering it to buyers. If the probability that any shipment of marijuana is seized is 0.20 and the fine if a shipper is caught is..
Each of the following is considered a disadvantage of federalism for democracy EXCEPT
A simple diagram showing the European Central Bank's increase in money supply illustrates that the Euro is most likely to appreciate relative
Question 1: What creates a monopoly? Give examples.
The cost of a 500-mile automobile trip, if gasoline is $3 per gallon, vehicle wear and tear is $0.50 per mile, and our vehicle gets 20 miles per gallon.
Under what conditions are the two strategies of low cost and high quality a trade-off? Under what conditions would the efficient frontier not be an appropriate picture of the two strategies?
Suppose the government implements a policy that makes people to invest more time in human capital accumulation.
Show the changes in the demand for tourism as income of a tourist grows when tourism is perceived to be, (a)normal good, (b)superior good, and(c) inferior good. Analyse the demand for tourism overtime using intertemporal analysis.
Suppose Congress is able to reduce its budget deficit permanently. Using the growth model, graphically illustrate the impact of a permanent deficit reduction on the steady-state capital-labor ratio and the steady state level of output per worker.
biolyses is a biotech division of alphacon pharmaceuticals. in its 8 years of survival biolyses has had only one drug
1. Kristina, a former actress, spends all her income attending plays and movies. She likes plays exactly three times as much as she likes movies. She earns $120/month.
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