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Other things the same, if technology increases, then in the long run
a. both output and prices are lower.
b. output is higher and prices are lower.
c. both output and prices are higher.
d. output is lower and prices are higher.
Wheat farmers will receive total revenues from consumers and the government totaling
Consider a closed economy which can be characterized by the following equations: C = 400 + 0.8YD I = 600 + 0.1y- 1000r G = 300 T = 125 (M/P)d = 0.2Y-6000r (M/P)= 400 c. Determine the equilibrium values for real GDP (Y), the real interest rate (r), pr..
Economists argue that successful business depends on creating sustainable and effective supply and demand networks. If you own (manage) a business, how do you create effective deamnd and effective supply to maximize profit?
Describe the Taylor rule. If the Fed were following the rule, what would the nominal Fed funds rate be if inflation over the past year were 4% and output were 1% below its full-employment level?
Assume demand for a medical service is given by the equation P = 1000-2Q. Assume the price without insurance is $100, but insurance reduces the consumer’s out-of-pocket price to $50. How many extra services will be consumed as a result of the out-of-..
Suppose a wage increase from $25 to $27 an hour increases the number of job applicants from 52 to 66. Illustrate what is the price elasticity of labor supply.
What exchange is Netflix listed? What are the listing requirements for that exchange and how does Netflix compare to those requirements?
Suppose you had one of the three winning tickets in last week’s Powerball Lottery; your prize would have been $188 million if you took your winnings in the form of an annuity. If the annuity were paid in 20 annual instalments using an interest rate o..
q.at one time the country of aquilonia had no banks but had currency of 10 million. then a banking system was
The equipment will have a maximum useful life of 5 years. If the company's MARR is 4% per year, when is the best time to abandon the equipment?
Illustrate what would happen to total employment, the size of the labor force, and the unemployment rate? Show the results graphically.
q1. if the us economy is operating near full employment and the exchange rate increases the dollar appreciates explain
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