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Difficulty identifying formulas for use. also, do multipliers and autonomous spending have to be calculated for item 1/IS curve? For the last item, does autonomous consumption and investment have to be computed to derive?
Assume following (equations) summarize/represent structure of economy. If:
C=Ca + 0.75(Y-T)Ca=800-25rT=400+0.2YIp=600-25rG=1200(M/P)^d = 0.2Y-20rM^s/P=700
1. What are equations for IS and LM curves? What is equilibrium level of income and interest rate? What if mix of fiscal and monetary policies is changed. Te money supply is increased by 100 while government spending reduced by 250:
2. Does investment increase, decrease or remain unchanged? Why/calculate.
3. Does consumption increase, decrease or remain unchanged? Why/calculate.
Demand estimation and forecasting and income elasticity of demand
hat kind of demand does walmart's products have? Does it vary by season? What market segment does Walmart target?
What is significant about the connection between the demand for goods and market failures? What happens to the demand for goods when a market fails
Assume the price of beans rises from $1.00 a pound to $2.00 a pound, quantity demanded falls from 10 units to 6 units. In this example, the demand for beans is said to be ______
The problem in economics in price theory deals with deriving maximum marginal utility and marginal rate of substitution.
Name any good or service which has a noticeable recent price change. Using concepts of supply and/or demand, what are some possible explanations for this change in price?
What is the effect of the United Arab Emirates' increasing sovereign wealth funds on GDP?
An industry is composed of 20 firms, all with equal sales. The Herfendahl Index ratio in this industry is a. 1000 b. 500 c. 800 d. This cannot be determined from the information given.
Write down the household's budget constraints for period 1 and 2 and identify the current account.
Describe the effect of increase from 1998-1999. How would the increase in demand affect the price? How would the price effect depend upon the price elasticity of supply? Please describe how. (Explain the illustration instead of actually drawing it)
What would be the equilibrium quantity and equilibrium price? Assume the Government imposes a $5 per unit tax on the seller, which equation would be affected and how?
Provide two examples of actions taken by a company, government, or organization whose effect is to prevent specific markets from reaching equilibrium. What evidence of excess supply or excess demand can you cite in these examples?
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