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The differnce between the nominal and real exchange rates is that: a) nominal rates are temporary, while real rates are permanent b) the real exchange rate is the actual rate used by traders c) the real rate takes relative purchasing power into account, while the nominal rate doesn't d) the nominal rate is approximate, while the real rate is precise
President Lyndon Johnson was more successful than President Kennedy in getting Congress to pass civil rights and economic improvement bills because
Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then:
You are buying a house for $300,000. The terms of the mortgage include a 30-year loan (fixed rate) and annual interest rate of 4.5%, compounded monthly, and a 20% cash down payment is required. What are your monthly payments on this loan?
find the new equilibrium GDP when I increases to 350 and all other values remain the same.
q.assume which wall-world and turbo are independently deciding whether to implement a new bar code technique. as
Jim currently pays premium $P for his health insurance, which he purchases in a competitive health insurance market, and covers 80% of all his healthcare costs (i.e. 20% coinsurance rate; no deductible or catastrophic cap). If he were to instead purc..
Cathy has one year left before she completes her degree in industrial engineering. She is spending this summer working for her family's firm, MMM (Molehill & Mountain Movers). MMM runs a fleet of heavy construction equipment and sells gravel for road..
Given the following demand and supply curves: (a) Qd=-P+10 and (b) Qs=P. calculate the inverse demand function (provide below) and graph the two lines. Calculate and label the Consumer Surplus and Producer Surplus
what is the growth rate of constant- dollar real gdp using year 1 as the base year? What is the growth rate of constant- dollar ral GDP using year 2 as the base year?
A consumer's utility is given by U(X,Y)=X^0.25*Y^0.75. (To be clear, ^ denotes exponentiation, so the utility function is X to the 0.25 power multiplied by Y to the 0.75 power.) What is the number of units of good X in the consumer's utility-maximizi..
What if governments decide to decrease the use of post mail in order to save trees, so what will happened to the people worked for post office. Demand of postman will decrease. Supply will not changed. A left-ward shift would decrease wage and employ..
Illustrate what way does investment multiplier defend the policy of public workson the part of the state during business depression.
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