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Which of the following statements do economists NOT agree on?
a. Increases in the money supply shift aggregate demand to the right.
b. In the long run, increases in the money supply increase prices, but not output.
c. Recessions are associated with decreases in consumption, investment, and employment.
d. Government should use fiscal policy to try and stabilize the economy.
Describe the equilibrium price and quantity. What is the surplus of consumers and the welfare.
q. an independent trucker has the following options. if he buys expensive machinery then he can hire fewer drivers to
many professional sports athletes have incentive clauses in their contracts. these indicate tha a the team owner has
Elucidate with an aid of a diagram , the effect on prices and output if households decide to spend a large share of their income.
If there is no tariff, explain how much does customer pay for a pound of coffee. Illustrate what is the quantity demanded.
Do not try to explain people's tastes, but they do try to explain what happens when tastes change.
Determine the minimum sample size to construct a 90% confidence interval for the population mean. Assume the population standard deviation is 1.2 years.
You just opened a flower shop and are trying to understand pricing issues. You were told that elasticities are very important in determining prices and what products to supply, so you decide to investigate this concept. You call your friend, an econo..
You buy only apples and bananas. Your budget is such that you can purchase 3 apples and 4 bananas or 9 apples and 2 bananas. Write down the equation for the budget line with bananas on the y-axis. Is that equation unique?
What are the tools available to the federal government to implement fiscal policy. If you had the ear of the U.S. president, what advice would you give for the direction of U.S. fiscal policy.
Define Mercantilism, Pick a country and talk about the products they import and export with the U.S.A. Also talk about the composition of trade with relation of abundance of the two countries
If Clancy buys a coupon to pays when Sullivan wins Illustrate what is the induced lottery to he faces. Illustrate what is its expected value.
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