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Watch a CNN/Fox or other news cast- or go online to one of their news pages. Pick a story that involves an economic topic. Write a brief summary of the story and search out at least one other source that discusses the topic. Include summary that contrasts the two sources of information in a two page, typed report along with your evaluation of the topic.
Determine which of the following theories of expectations holds that individuals usa all information available in forming expectations?
If the actual output is seven billion and the potential output is eight billion, then this economy has a(n);budget deficit OR trade deficit OR inflationary gap OR recessionary gap.
Ellucidate why is it that wages are not dropping instead they are inching upward on a year to year basis.
How many units of housing would the government have to increase the supply of housing /in order to get the market equilibrium rental price to fall to $1500 per month? To $1000 per month? To $500 per month?
general this exam will cover the material from throughout the economics. that is anything is fair game but the
What is the probability that a plan recipientd ies before they reach the standard retirement age of 65?
Write down his budget constraint and a utility function that captures his preferences. Draw his budget constraint and three of his indifference curves.
Suppose you want to produce WIDGETS in your country. The international price of an imported WIDGET is $50 and pays an import tariff of $10 per unit. Three inputs are needed to produce a WIDGET.
What will happen to the equilibrium level of GDP if investors become optimistic about the country’s future and raise their investment to $600?
After World War II, the United States experienced a "baby boom" as birthrates rose dramatically between 1946-1964. Lower birthrates after 1965 mean that the now aging baby boom generation is larger than the generations before and after it. What effec..
The utility-maximization model assumes that the typical consumer is rational and acts on the basis of well-defined preferences. Because income is limited and goods have prices, the consumer cannot purchase all the goods and services he or she migh..
The soft drink industry is a duopoly with differentiated products. Two firms, Coca-cola and Pepsi, compete through Cournot quantity-setting competition. Denote the quantity that Coca-cola and Pepsi produce by Q1 and Q2, respectively.
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