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Q1. Consider and economy with output equal to the natural level of output. Now Assume there is an increase in unemployment benefits.
a. Explain how the effect of an increase in unemployment benefit on the position of AD and AS curves in the short run and in the medium run.
b. Explain how will the increase in unemployment benefits affect output and the price level in the short run and in the medium run?
Q2. If the consumption function is C= $200 billion + .9Y, Explain how more do consumers spend with incomes of $3 trillion? Explain how more do they save?
Manufacturers begin building a new plant in Arizona. Which determinant of cumulative demand causes the change.
A central bank that adopts a fixed exchange rate system may sacrifice its monetary autonomy in setting its domestic monetary policy.
q1. sallys firm produces granola bars with a fixed cost of 10 this cost is already sunk. her variable cost function is
How would Keynesian solve a recessionary gap using personal tax rates.
when would it make sense for a factory that is losing money to remain in operation?additional requirementsaif the
Describe demand and marginal income curves faced by a industry in a purely competitive market. Are they different from those faced by a industry in oligopolistic competition.
A social scientist claims that the average adult watches less than 26 hours of television per week.
q1. a consumer has 400 to spend on goods x and y. the market prices of these two goods are px 10 and py 40. what is
Explain what would the cross-wage elasticity between teenagers and adults have a positive or negative sign.
How does global economic competition impact the domestic market and decisions related to the strategy a firm uses to compete? Why do some economists oppose trade restrictions? Explain your answer.
q1. suppose we have two economies- lets call them earth and mars- that are identical except that one begins with a
You are very impressed by the first interviewee completing both phases of BK books interviewing process, and she has indicated that her reservation salary is 110,000. Should you make her an offer at that salary or continue the interviewing process..
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