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Consider a perfectly competitive market described by the supply function P = 10 + 0.3Q and demand function P = 60 - 0.2Q. Suppose the market is initially in equilibrium. If the government intervenes in the market and imposes a price restriction of P = $25 per unit, the impact on the market rounded to the nearest whole unit will be a:
surplus of 50 units
surplus of 125 units
shortage of 125 units
shortage of 175 units
When bankers hold excess reserves:
Major factors in the system of American government are the political parties and their roles and functions within the system. In a minimum of three well-written paragraphs, discuss the roles and functions/purpose of the political parties as they curr..
Past history says that tomorrow's demand for lettuce averages 250 boxes with a standard deviation of 34 boxes. Explain how many boxes of lettuce should the supermarket purchase tomorrow.
Consider an open economy with fixed exchange rates. Suppose that foreign goods become more fashionable--that is, the demand for foreign goods at a given exchange rate increases. Describe how this change affects output and the interest rate if: a) the..
In 2013, the furniture store PB produced 13 mahogany desks. One of them is sold to Jeanine for $3,349, later that same year Jeanine sold the desk to Pamela for $1,919. The remaining desks were not sold to anyone that year and stay in PB's inventory a..
The production possibilities frontier shows the ________ combinations of two products that may be produced in a particular time period with available resources.
A house can be purchased for $155,000, and you have $25,000 cash for a down payment. You are considering the following two financing options: What is the effective interest rate of the combined mortgage? Compute the monthly payments for each option o..
Describe in detail the mechanics of the Circular Flow model. Discuss how the government and international trade could be included in the circular flow.
Are there specific differences between the short-run and medium-run implications of the increase in interest rate targets? Use the appropriate graphs (IS-LM and AS-AD) to illustrate your points. If relevant, include the liquidity trap in your analysi..
q1. what steps can a government take to ensure that sustainable development is always considered in assessing which
Write a 700- to 1,050-word paper describing how ethical principles can be used to address organizational issues. Include the link to the film you select. Include the following:
Why does a nation experience increasing opportunity cost?
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