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Suppose the money supply is 100, the velocity of money is 3, the price level is 5 and real GDP is 60. An unanticipated increase in the money supply to 200 increases GDP to 100 in the short run, but then real GDP returns to 60 on the long run. Assuming the velocity of money remains constant, what will happen to prices in the short run? In the long run?
Elucidate how the enterprise zones could be utilized to enhance the economic development implications of your policy issue.
Explain how might we interpret this statement in terms of cost curves and revenue curves.
As we know about the own-price elasticity for good x.
1. under what conditions does a nominal tariff applied to an import product overstate or understate the actual or
Describe why the following statement is true: It is possible for average variable cost (AVC) to rise while average total cost (ATC) declines.
What is the measure of how much one economic variable responds to changes in another economic variable.
how about linking eastern Denmark more directly with Germany's Baltic Sea coastline, enabling Danes to go by train from capital to Berlin in, say, three hours?
Describe Why is some degree of monopoly power permitted? What you read, do you think Google is harmful monopoly that should be subject to USanti-trust action.
What is Marxism? How is it similar as well as different from Socialism? Illustrate and explain the effects of Marxism worldwide in both the past and present.
What we probably won't see is a significant increase in construction. The market still has plenty of existing inventory to work through before more homes are needed.
Is the Canada experiencing an inflationary gap or a recessionary gap? Consider the situation before Covid - 19.
The country has an inflation target of 3% and the central bank decides to bring inflation down to meet the target. What is likely to happen to the unemployment
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