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What are the primary differences between the private and public sector of the economy?
If the potential output of an economy is worth $440 billion and the actual output during a particular year was $435 billion, the output gap is?
What might happen if we backed off passing new regulations, revoked ObamaCare and Dodd/Frank and lowered marginal tax rates significantly?
Suppose that, using past data, the staff of the Board of Governors of the Federal Reserve estimates the currency-to-deposit ratio equals 40 percent and the excess reserve-to-deposit ratio equals 6 percent. Using the multiplier model of the money supp..
A firm has fixed operating cost of $10,000, the sales price per unit of its product is $25, and its variable cost per unit is $15. The firm's operating breakeven point in units is _______ and its breakeven point in dollars is _________
Evergreen Fertilizer Company produces fertilizer. The company’s fixed monthly cost is $25,000, and its variable cost per pound of fertilizer is $0.20. Evergreen sells the fertilizer for $0.45 per pound. Determine the monthly break-even volume for the..
Calculate the price elasticity of demand using the point formula for Px = 20 and Py = 10. Determine whether demand is elastic, inelastic, or unit elastic with respect to its own price and whether Good Y is a substitute or a complement with respect..
Why Would a theory of the entrepreneur make more sense if capital is heterogeneous rather than homogeneous?
By what policies could frictional unemployment be reduced considering the variables involved in changing the number of separated from and finding employment?
q.your oil company must decide whether to drill a well at a cost of 500000 on a piece of leased property or to sell the
The demand for good x1 is given by: (m/p1) - (p1/p2), where p1=1, p2=1, and m=10.Which of the following accurately describes the INCOME elasticity of demand?
The government three functions that directly affect the level of GNP. a) it purchases goods tax revenues; c) it makes transfer payments. Explain how each of transactions are treated in the National Income Accounts.
If David also Ellen live in rent-controlled apartments, illustrate what is the equilibrium cost for the non-rent-controlled apartments.
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