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Which of the following shifts both short-run and long-run aggregate supply left?
A. a decrease in the capital stock
B. a decrease in the expected price level
C. a decrease in the money supply
D. a decrease in the actual price level
One of the walrassian assumptions of the competitive (Walrasian) mechanism is all agents are endowed with "perfect information". What does it mean and what are the distinguishing characteristics? What other assumptions of the competitive mechanism su..
Illustrate what is the expected value of your earnings from investing in General Motors stock.
A firm charges $800 per unit for its unique solar panel. If total revenue is $56,000 in July, how many solar panels were sold in July? (Hint: How do you calculate total revenue?)
If a transaction imposes external costs, then: A) too much is being produced relative to the socially optimal amount. B) Production should be increased to generate enough profits to cover those costs. C) all production of the good or service should c..
There are basically four types of market structure under which a business could operate. What are these market structures? Assume that you are the only producer of a product and have a patent that prevents market entry, what market structure do you b..
Why is it so important for marketing managers, when engaged in marketing planning, to successfully deal with both Marketing (Big M) and marketing (little m) elements? What would be the likely negative outcome if a marketing plan paid a lot of attenti..
Explain the relationship between consumer demand and producer supply. The law of demand states that as prices increase the quantity demanded decreases. The law of supply states that as prices increase the quantity supplied increase. Using these two l..
Compute the balance in your retirement account when you will be 25, 30, 40, 50, and 65 years old assuming the average annual rate of return is 6%. Assume there are no deposits or withdrawals in this account, so the original balance just accumulates. ..
Select at least five (5) economic concepts covered in the first four weeks' readings, and discuss the primary manner in which these concepts impact the world of health care economics. Some examples of selected concepts are health demand and supply, e..
Determinant of bordered Hessian matrix is 57,600. F. If income went up by $1.00, by how much would utility rise.
If the tax multiplier is -1.5 and a $200 billion tax increase is implemented, what is the change in GDP, holding everything else constant?
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