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Please explain how an unexpected increase in the economy would shift the short run aggregate supply curve and push equilibrium price up.
Katie is planning to sell her house, and she is considering making two upgrades to the house before listing it for sale. Replacing the carpeting will cost her $2, 500 and replacing the roof will cost her $9,000. Katie expects the new carpeting to inc..
Using calculus, set up a constrained optimization problem using the Lagrangian multiplier that derives the optimal consumption of pretzels and beer.
The island of Yoko has 300 residents who can work in only one of two economic activities – fishing or tourism. Last year 30 residents worked as fishermen in Yoko and caught 40 tons of fish in total. Draw a production possibility frontier for Yoko in..
How much revenue will the government raise by taxing Beatriz? How does that revenue compare to her economic losses? Does the new tax raise enough revenue to compensate her for her loss?
1. The Phillips curve suggests a trade off between, a. unemployment rates and tax rates b. inflation and money supply c. monetary policy and fiscal policy d. unemployment rates and inflation d. inflation and GDP
One factor that was responsible for roughly one-fifth of the hybrid vehicles purchased in 2007 was a federal subsidy of up to $3,400 per hybrid vehicle increase in sales due to this subsidy is an example of which of the elements of the economic way o..
Construct a numerical example to show that the exclusion of municipal bond interest from income taxation is equivalent to a government subsidy of state and local capital spending. Explain why it costs the government (taxpayers) more to subsidize this..
Based on the article Nearshoring in Latin America, what are the short- and long-term implications of nearshoring given the current economic conditions?
The market for a box of POG’s is defined by Qd=80-P and Qs=P. Calculate perfectly competitive equilibrium, consumer surplus, and producer surplus. Calculate quantity supplied, quantity demanded, and producer surplus, consumer surplus, and deadweight ..
Please state which function of money is being used by each of the following activities.
If the central bank increases bank reserves (or the monetary base) by $25,000, and the reserve requirement is 5%, then the total money supply increases by how much? Why? The best explanation will be mathematical and descriptive, with at least one app..
Describe if the demand for the following products is price elastic or price inelastic, and explain your answer.
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