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What were the significances of the voyages of Columbus, da Gama, and Magellan?
Assume an economy is operating at long run equilibrium. A) Draw an aggregate supply and demand curve that illustrates the economy mentioned above. Label equilib
Growth rates in the Solow model (II): Suppose an economy begins in steady state and is characterized by the following parameter values: s 0.2, d 0.1, A 1, L 100. Apply your answer to question 8 to calculate the growth of per capita GDP in the period ..
Explain how the government can stimulate the aggregate supply. What are the implications of using this stimulus to help stabilize an economy?
An engineering company has determined that $100,000 per year will be needed to maintain a new bridge. How much money is needed in a fund today to maintain the bridge indefinitely if the interest rate is 4.5%?
(a) If tuition is set at $3,000, how many students will enroll? Now suppose that society gets an external benefit of $1,000 for every enrolled student. (b) Draw the social and market demand curves for this situation on the graph below. (c) What is th..
The international liquidity problem of the 1960s refers to
What is the importance of customer service in your small business?
Suppose now that the government reduces (t) and increases (t') so that the government budget constraint continues to hold. What will be the effects on an individual con-sumer's consumptionin present
Are the dual goals of economic development and the reduction of population pressure on the envrionment compatible or conflicting objectives?
A Wartburg engineering student has been out of school and working for a few years when they decide to buy a house that costs $233,000. They intend to pay a down payment of 20% and finance the rest at 5.75% per year compounded monthly on a 30-year mor..
Please make a brief comparison of traditional marriage system in your Ghana and China.
What happens to the stock of money if the Fed lowers reserve requirements by changing the reserve ratio to 10 percent?
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