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1. What would happen to the rate of economic growth in Canada if government decides to accept more immigrants? Use labor market and production function to explain your answer.
2. Use the model of aggregate demand and short-run aggregate supply to explain how each of the following would affect real GDP and the price level in the short run.
a. an increase in government purchases
b. a reduction in nominal wages
c. a major improvement in technology
d. a reduction in net exports
Write an algorithm to differentiate between an integer and an alphabet entered while playing a game.
In a closed economy, consider the aggregate income is , consumption ( ) is the sum of autonomous consumption and the part of consumption that depends
Again, be very specific in terms of identifying the gains from trade and how each country is better as compared to not trading at all.
explain why do companies grant discounts to senior citizens and students
1) Calculate the price P the monopolist will set, the corresponding Q, and the monopolist's profits. 2) Suppose there is a technology the monopolist can adopt, for a fixed cost C, that reduces the marginal cost to 10. For what values of C will the..
When borrowing money, what is the better gauge of our true cost of borrowing - the nominal rate of interest or the real rate of interest? Please explain.
Insurance companies play a very important role in the society. Define the terms insurance policy and contract and depict the elements of an insurance contract.
The cash price of a machine tool is $3500. Thedealer is willing to accept a $1200 down payment and 24end-of-month payment of $110 each.
Suppose you are the manager for a firm that has a monopoly on the product you produce and sell. Market research has shown that the demand by a typical customer for the product you sell is given by:
1.) D = 150 - 5P, S = 30 + 2P Where P is the price of coffee, what is the quantity of coffee bought and sold at equilibrium?
Draw what would happen to equilibrium if both supply and demand shifted to the right at the same.What happens to equilibrium quantity and price?
What is your opportunity cost of attending classes on campus? For the purposes of keeping things simple, focus on finding the opportunity cost
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