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The classical economists held that the rate of interest would equate planned investment and planned saving, so that all saving would eventually be invested.TrueFalse
The value of the marginal propensity to consumea. can exceed 1b.is always between 0 and 1c. can be less than 0d. is always greater than 1
The aggregate demand curve is the sum of individual demand curves in the economy.TrueFalse
Constant-dollar GDP and real GDP are the same thing.TrueFalse
In national income accounting, grain fed to a hog at a commercial hog farm is considered a(n)a. final goodb. intermediate goodc. consumer goodd. capital consumption allowance
Elucidate a firm competes in the market. Does the firm engage in price or non-price competition
According to Colander, the perfect definition of economics. The three central coordination problems any economic system must solve.
If you think that your company's performance is not sensitive to general economic business cycles, then describe why it is stable as the economy moves up and down.
How much must the money supply change for the Fed to induce the change in real planned investment calculated in part a and what dollar amount of open market operations must the Fed undertake to bring about the money supply change calculated in part ..
Suppose Q is the quantity demanded for medical care services. The linear industry demand function takes the form.
Suppose after submitting your sealed bid in a Vickery austion you find out that they have lost the auction(you were not the highest bidder); However, you have the opportunity to revise your bid. Would you go ahead and change your bid
If the demand schedule may be written P = 100 - 4Q, and the supply schedule P = 40 + 2Q, then what is the market clearing price and quantity?
Evaluate the individuals on your learning team, including yourself, based on the personality assessments. Evaluate the situation described above in terms of urgency, culture, and so forth. Determine leadership approaches to be used, based on individ..
The firm’s production manager claims that the firm’s average cost of production is minimized at an output of 40 units. Furthermore, she claims that 40 units is the firm’s profit-maximizing level of output.
Political business cycle: Do economic events affect presidential elections? To test this so-called political business cycle theory, Gary Smith 20 obtained the following regression results based on the U.S Presidential elections for the four yearl..
A trendy French restaurant is one of the first businesses to open in a small corner of a commercial building still under construction. The restaurant has received rave reviews and has lines of diners waiting for tables most nights.
using relevant diagrams describe the effect of the introduction in a competitive market of a recurring lump-sum tax
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