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Suppose the economy is at a point where short-run equilibrium output is lower than long-run output. Draw the IS/LM/FE graph to show the location of output and the interest rate in this equilibrium. Label this point A in your graph.
President Bill Clinton assigned his wife to task of developing a national health insurance plan to increase availability of medical care for poor. How would one determine opportunity cost of proposal.
What are the benefits and drawbacks of having a health program that varies by state versus having one that is uniform across the country? Do you find that the positives of state flexibility outweigh the negative or vice versa?
To Snoop Dogg, throw-back jerseys and bling-bling are normal goods. Graphically, demonstrate how the budget constraint shifts if his income increases. Choose an arbitrary benchmark point on the initial budget constraint as the consumption combination..
An investment, which is worth 31,000 dollars and has an expected return of 5.07 percent, is expected to pay fixed annual cash flows for a given amount of time. The first annual cash flow is expected in 1 year from today and the last annual cash flow ..
What would be the effect of this efficiency of the market and Its effect on the different market participants - an economic perspective this example of market failure?
q.consider a market consists of a dominant rm producing the majority of the market supply and large number of small
What do you think he would suggest as an economic plan for our economy. Would they agree or disagree with the current policies.
Consider a market where the price of the production is determined by p=60-Q. Initially there are Three Firms which all produce the same product. All three firms have zero marginal cost and zero fixed cost. In Nash equilibrium, all firms produce the s..
When inflation expectations changed during the 1967-1971 period, this change led to
You have just been hired by a company as an economist and strategic planner. Your company has asked you to generate a report explaining the consequences of the market structure in which the company operates. Assume that the market structure is an oli..
Sets out the aggregate demand and aggregate supply schedules in Japan. Potential GDP is 600 trillion yen. What is the short-run macroeconomic equilibrium.
Suppose the demand and supply curves for a good are given by: Find the equilibrium price and quantity. If the current price of the good is $100, what is the quantity demanded? What is the quantity supplied? How would you describe this situation? Equi..
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