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The total dollar value of all final goods and services produced within a nation in a particular year + income earned by its citizens (including income of those located abroad) - minus income of non-residents located in that country is generally called?
In each of the following cases, either a recessionary orinflationary gap exists. Assume that the aggregate supply curveis horizontal so that the change in real GDP arising from a shiftof the aggregate demand curve equals the size of the shift of th..
According to some translations, Nobel laureate Albert Einstein once said, " God does not play dice with the universe." Does this mean that a profit-maximizing firm would never use something like dice or a roulette wheel to help shape its pricing deci..
Explain why do organization which bundle products and services have an advantage over those that don't or can't offer this option.
Which of the following policy combinations were used by the government during the financial crisis of 2007-2009 in the U.S.?
Explain how should we expect this phoenomenon affect the US economy at the macro-level, short run and long run.
A monopolist with a marginal cost of MC = 5 + 10Q experiences a change in market conditions. The inverse demand curves rotate from P = 40 - 5Q to P = 47 - 2Q. What happens to the profit-maximizing price following the rotation of the demand curve?
Illustrate what would this typical basket have cost in the base year.
Two identicial countries Alpha and Beta can be described by the IS-LM model in the short run. The governments of both countries cut taxes by the same amount. The Central Bank of Alpha follows a policy of holding a constant money supply.
Assume that the gold-mining industry is perfectly competitive. Using a graph of the Representative Firm and a corresponding graph of the Market, illustrate a representative gold mine earning normal economics profits and illustrate equilibrium in t..
California Electric has a cost of equity capital of 16%. The company has consistently been authorized a return on equity capital below this expenses.
"In the Solow model, an economy that starts with a higher stock of capital per capita will reach a higher steady state level of capital per capita"
Cost-benefit analysis attempts to: a)compare the real worth, rather than the market values, of various goods and services. b)compare the relative desirability of alternative distributions of income. c)determine whether it is better to cut government ..
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