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Suppose that GDP is 196 and potential GDP is 200. Find short-run output (Y-tilde). Express as a percentage.
Exhibit 2-8 represents Robin Hood’s production possibilities frontier. Assume that he currently produce at point G inside the production possibilities frontier. He can produce more bows employing the existing resources more efficient. He can increas..
Assume the manager asks for volunteers to postpone their tour by offering increasing amounts of cash compensation until only four people want to see the caves that day.
Suppose that each worker in the Home country can produce three cars or two TVs. Assume that Home has four workers. Graph the production possibilities frontier for the Home country. What is the no-trade relative price of cars at Home?
A consumer has preferences u(x) = 2x 1 2 1 + x2. The price of good 1 is p1 > 0 and the price of good 2 is 1. You may restrict your attention to interior solutions throughout. Explain whether these preferences are i) monotonic, ii) quasilinear, iii) e..
Suppose Jon finds $100 in the pocket of his jacket and deposits the oneyinto the checking account. The bank must hold 6% of this depoit as required reserves. What is the approximate potential increase in the money supply because of this deposit? Supp..
When a nation's currency appreciates, it purchases ______ units of a foreign currency and it is said to _______ .
"An increase in fixed costs might affect a firms decsion to produce or not but would not affect its profit-maximizing output"
Anyone can explain what is effective communication? Please list the three main types of communication skills.
Why do some financial analysts treat preferred stock as a special type of bond rather than as an equity security?
What combination of monetary and fiscal policy should they choose? Briefly explain your logic
In an attempt to curb smoking, governments can use two basic approaches to do so. The first is to reduce the demand for smoking though public education.
Explain whether the following events will affect fixed costs or variable costs (make sure you justify your answer):
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