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The building of a larger arena in Toronto increases the demand for Maple Leafs tickets by Torontonians would not affect the GDP of Canada, why?
When the economy is operating at full employment, why is an increase in aggregate demand not helpful to the economy? When the economy is hit with a supply shock, such as oil prices rising from $25 a barrel to $75 a barrel, why is this double disrupti..
Suppose that we are comparing two countries that are similar in every respect except the education of their population. In country 1, adults have 10 years of education. In country 2, alladults have 4 years of education. Use intuitions from the Solow ..
Use a Keynesian Cross Diagram to derive an AD curve. (Hint: Place the Keynesian Cross Diagram above the AD Diagram and find the equilibriums when you change only the general price level of the economy.)
What happens in the market for oranges if there is a hurricane that destroys the orange crop and explain why is strategic interdependence important for market structure of oligopolies?
The real interest rate tells you how fast the purchasing power of your bank account rises over time
Find and interpret income elasticity of demand for P1 - Find and interpret the cross price elasticity of demand for p1 and p2 indicating the relationship between the two product
Draw an iso-cost line for this firm, showing combinations of L and K that cost $6 and another iso-cost line showing combinations that cost $12. What are the slopes of these iso-cost lines?
Calculate the cross-price elasticity for the following goods. Determine if they are substitutes or complements?
When the price of a good is $5, the quantity demanded is 100 units per month; when the price is $7, the quantity demanded is 80 units per month. What is the price elasticity of demand, using the midpoint method?
Is this microeconomic or macroeconomic? "More workers are being hired by the nation's businesses." Comment on the statement from an opportunity cost perspective: "The main cost of going to college is the $15,000 per year in tuition." Suppose that a ..
stages of business developmentthere are several different models of business development that entrepreneurs can utilize
What's a continuing resolution?
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