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If the gini coefficient falls from .40 to .20
A. per capita income has fallen but we do not know by how much
B. the economy has doubled per capita income
C. per capita income has been cut in half
D. per capita income has risen but we do not know by how much
E. the economy may or may not have had economic growth
Explain this statement: “Monopolists can set price and output since they are the only producer, but this does not necessarily guarantee they will make a profit.”
What will happen to the rate of inflation? How would the central bank react to the change in velocity if it pursued an NGDP target instead of a money stock target?
Suppose that the demand for orange increases. Carefully explain how the rationing function of price will restore market equilibrium.
Imagine working at the Trading Desk at the New York Fed. Explain whether you would conduct open market purchases or sales in response to each of the following events. Justify your recommendation. The latest FOMC Directive calls for an increase in the..
q. consider the following data on us gdp.year nominal gdp billions gdp deflator base year19962000 9873 1183 1999 9269
If the interest rate is 8%, determine if the new column should be purchased. Solve by both present worth and annual cash flow analysis methods.
Show the Income Consumption Curve for this consumer for income values M = 12, M = 24, and M = 36.
Providing handouts to the audience before a presentation is not advisable because
Explain how many fish should a commercial fisherman try to catch a day. Should he catch as many as possible or return to dock before filling the boat with fish.
In equilibrium, approx what is the firm's total cost and total revenue. Illustrate what is the firm's economic profit or loss in equilibrium.
q1. a television station is considering the sale of promotional dvds. it can have the dvds produced by one of two
q. now that you have learned some of the basic principles of organization pause and think of where you have already
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