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Total revenue will increase for which of the following?
A. Price falls and demand is inelastic
B. Price falls and supply is elastic
C. Price rises and demand is inelastic
D. Price rises and demand is elastic
Explain how can tax cuts help revive the economy include discretionary fiscal policy, expansionary fiscal policy, tax multiplier, Aggregate Demand-some-not all--of these and/or other terms from this week.
Which of the following occurs when a market is efficient?
If you have to make a random guess and there are four possible answers, what is the expected value of guessing?
Fair weather helps produce the best crop of peanuts in a decade. Which determinant of cumulative demand causes the change
In terms of influencing output, when the economy is operating at near full employment output relative to when the economy is operating at levels of output well below full employment. During the the Great Recession, the aggregate expenditure curve shi..
In an open economy, the condition for equilibrium in the goods market is different from the condition for a balanced trade account. Explain using words or equations (or both if you wish). Draw a diagram that illustrates a situation where the goods ma..
What considerations come into play when considering whether the United States or any other political entity is spending the right amount for environmental quality improvements
How would the value of output produced at an American-owned factory in the United States and a foreign-owned factory in the United States be treated in GDP accounting?
Discuss the social and economic effects of colonization? How did it contribute the “Price revolution”?
Using the data provided above, determine if the Hernandez Corp. is using a cost minimizing combination of inputs. Explain your answer/show your work. If your answer is no, how should the input combination be adjusted?
Elucidate how each change mentioned in the article impacts upon the aggregate expenditure model.
The chart below gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2001 as the base year.
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