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What is the term for a situation when the quantity demanded of a good falls when the price of a good rises, other things are equal?
An investment alternative will yield an income of $12,500 now (t=0) and $8,000 three years from now. What is the accumulated amount at the end of 8 years if the interest rate is 9% per year compounded semi-annually?
someone drives through green hills you see large luxuriant homes spread across very large and beautiful pieces of real estate. Why are nice homes usually built on expensive lots rather than cheap ones
What is the saving function? What is the marginal propensity to save and what is the aggregate expenditure function? What is autonomous expenditure? What is the marginal propensity to withdraw?
An economy is in long-run macroeconomic equilibrium when each of the following aggregate demand shocks occurs. What kind of gap-inflationary or recessionary-will the economy face after the shock,
Explain how much pollution reduction should Appalachian Coal Mining undertake.
If consumer incomes rise to $30,000, illustrate what will be the new equilibrium price and the new equilibrium quantity.
Pick your own Macroeconomic issue from the national news and comment on it. I like the Wall Street Journal but you can pick another similar newspaper. There are many Macroeconomic issues in the news right now. As you learned in Chapter 2, macroeconom..
Use the Expenditure Equation for GDP.find the values for each sector for the years 1929 or 1933. Determine the percentage change for the two years.
if the US engage in foreign trade, should we limit foreign trade to nations that engage in fair trade by giving us access to their domestic markets and reciprocal import tariff reductions that mirror our tariff reductions on our imports from them
1. Suppose there is a small, closed economy that produces bananas. The domestic demand and domestic supply curves for bananas in this small, closed economy are given as:
Assume that you're a member of the Board of Governors of Federal Reserve System. The economy is experiencing a sharp decline into a recessionary phase of the business cycle.
Picture yourself living in the period following the Civil War. Would you support a central banking system? Why or why not?
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