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As a policy maker, would you prefer the strategies of aggregate supply-based economic growth or aggregate demand-based growth? Why or why not?
If a person is selling apples in a perfectly competitive market with a price of $2 per pound , what is total revenue and marginal revenue at the 100th pound.
For a small-country importer, which produces a quantity Q0 domestically under free trade, the most efficient way to support domestic producers is
This method predicted the winner in 189 of the 279 House races that year. Based on these results, what are the values of p^ and n?
The following table shows the prices and quantities consumed in the country known as the United States. Suppose the base year is 1996. The fixed basket is determined by 1996 quantities. 1996 is also the base year. What are the costs of the basket in ..
The yield curve is flat at 6% per annum. What is the value of a Forward Rate Agreement where the holder receives interest at the rate of 8% per annum for a six-month period on a principal of $1,000 starting in two years? All rates are compounded semi..
Explain how each of the following events or policies will affect unemployment in a neoclassical model: What’s the difference between how a Keynesian economist would sketch an AS curve and a Phillips curve, and how a neoclassical economist would sketc..
ACME Corporation constructed a small office building for their firm 5 years ago. They financed it with a bank loan for $450,000 over 15 years at 6% interest with quarterly payments and quarterly compounding. The loan can be repaid at any time without..
Suppose Dell computer Company operates in a perfectly competitive market producing 5,000 computers per day. What is total cost to decrease and profits to increase.
Consider a case of small open economy. In this economy, there is an IT revolution, and as a result the productivity of the economy has gone up. What will be the e§ect of this productivity increase on interest rate and net export in this economy? What..
Leaders generally want followers who can bring up issues or concerns in a positive way that leaves room open for change. Can you think of a time you had an opinion that ran contrary to your leader's thoughts? How did you express it? How was it receiv..
What will happen to unemployment and the price level in each of the following situations?
A minor league baseball team called the Billing Mustangs attracts both students and non-students as fans during the season, which runs from mid-April through August. How many tickets would the Mustangs sell to students, to maximize profit? What price..
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