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The significant run-up in oil prices from 2005-2010 was an example of a. an aggregate demand shock that increased the price level and increased the rate of growth of real GDP. b. an aggregate demand shock that reduced the price level and reduced the rate of growth of real GDP. c. an aggregate supply shock that increased the price level and reduced the rate of growth of real GDP. d. an aggregate supply shock that reduced the price level and increased the rate of growth of real GDP.
Q=aK+bL, where a and b are the coefficients of capital and labour respectively. Q refers to output, K refers to capital and L refers to labour. show that the marginal rate of substitution between capital and labour is MRTSKL=b/a
1. supposenbsp x n. that is x has a normal distribution with mu30 and sigma2144.1a. find a transformation of x that
State the direction of the alternative hypothesis used to test whether the proportion of analysts correctly anticipating the Board's decision had changed. Type gt (greater than), ge (greater than or equal to), lt (less than), le (less than or equa..
Economics is profitable for a firm to continue employing additional resources?
You are a factory owner who has just purchased a new machine for $5,000. Over the next year, it would have cost you $1,000 to rent this same machine. If the machine sells for $5,000 one year from now, what is the rate of return on this asset?
Where P is the price of the product and Ps is the price of a substitute good. The price of the substitute good is $2.00. a. Suppose P = $1.00. What is the price elasticity of demand? What is the cross-price elasticity of demand?
question 1sizzling foods inc lsquos partial income statement from is shown below nbspnbspnbsp 2011revenuesrevenue
a pharmaceutical company has a patent on a lung cancer treatment drug that gives them a monopoly over thenbsp
problem 1. perfect substitutes productionthe firms technology is such that one unit of output can be produced either
Outline a microeconomic reform issue that is relevant to the Australian economy and how successful do you think these reform measures were and say why referring to some data or research that has been performed?
(Aggregate Demand and Supply) Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both. Which curve shifts, and in which direction
Why do you think consumers respond to the "Buy One Get One Half Off" sales promotion and what principle of economics does this behavior reflect?
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