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Question: GDP 2019: 543.98 B 2020: 500.46 B 2021: 505.57 B 2022: 495.42 GDP growth rate % 2019: 2.1 2020: -6.1 2021: 1.5 2022: 2.6 Unemployment % 2019: 0.7 2020: 1.1 2021: 1.2 2022: 0.9 inflation % 2019: 0.7 2020: -0.8 2021: 1.2 2022: 6.1 real interest rate % 2019: 3 2020: 4.6 2021: 1.3 2022: -1.5 issues: Post-pandemic economic recovery Analyze the issue of your interest -link it with the data -Illustrate it using the macro models that you have learned in this class (AD-AS, IS-LM, growth, loanable funds, factor markets etc...) -What are the different views on the issue? -What are the related policy responses?
Why there is so much advertising in monopolistic competition and oligopoly? How does such advertising help consumers and promote efficiency?
What is the difference between explicit and implicit cost? Explain your answers. How would we determine if a cost is a fixed cost or a variable cost?
Suppose that the price level rises by 5% in a year. You have $1000 in a savings account at 3% interest rate. What is the real rate of return from the account?
Different instruments for estimating utilities give different answers and these differences cannot be explained." Briefly, evaluate this statement.
Question - Explain, providing appropriate examples, why car manufacturers are constantly introducing new models
1. How do you know that the firm represented in the graph above is a purely competitive firm 2. To maximize profits, this firm will produce at what output level (one letter) 3. Explain why this MR=MC position is the profit-maximizing position for any..
What is the optimal of output of the monopolist - What is its optimal level of output and price?
Let us talk about humanities and the impact on cuture. Are we broadly generalizing, if we view culture as the way of life that is rooted in humanities as it is
Match the trophic level name to the percentage of energy that it obtains from the original capture of energy from the sun.
Mr. Jones becomes president. He declares everyone should be able to afford a white chocolate mocha. A law is enacted that the first white chocolate mocha anyone buys each week shall be priced at no more than $3. Graph what this law would look ..
Calculate consumer and producer surplus before and after the tax. How much tax revenue does Where town receive? How much deadweight loss is caused by the tax?
a) How does stepping up the rate of creation of the money supply reduce interest rates?
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