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Question: You are using a car you bought three years ago for $20,000 only to go to work and back. A new metro station is to be opened one block from your house that will take you to a distance of one block from your office. Somebody suggests that you should sell your car and go to work by metro. What are the parameters you consider in deciding to accept the suggestion?
John Taylor of Stanford University proposed the following monetary policy rule: R_t-r ¯=m ¯(π_t-π ¯ )+n ¯Y ~_t. That is, Taylor suggests that monetary policy should increase the real interest rate whenever output exceeds potential.
In what sense do consumers of oranges now "pay" for dealing with the spillover costs of pesticide production? The socially efficient use of bus services may be achieved by which of the following government policies?
An increase in the demand for video films also increases the salaries of actors and actresses. Is the long-run supply curve for films likely to be horizontal or upward sloping? Explain.
“A” country’s interest rate increased, relative to interest rates in the rest of the world. Which entries would expect to change and which direction? (Exports, Imports, Income received, Income paid, Transfers received, Transfers paid, Inward of forei..
Elements of fiscal policy that tend to have to move the budget toward surplus as the economy expands and toward deficit as it contracts are called?
Economists argue at what point of the Business Cycle our country is now situated. Utilizing the concepts of leading, coincident and lagging indicators and Unemployment rate the price of gold and oil is rapidly raising and gasoline is often over $4.00..
For each event given below, respond to the following points using the determinants of demand and supply A. Determine whether demand or supply changes or if the event instead causes a change in quantity demanded or quantity supplied.
Given the above information, which supply curve represents the initial supply curve before the gasoline exporting countries decide to sell gasoline at a lower price
The official poverty rate in 2010 was 15.1 percent-up from 14.3 percent in 2009. This was the third consecutive annual increase in the poverty rate. Since 2007, the poverty rate has increased by 2.6 percentage points, from 12.5 percent to 15.1 per..
question 1 a suppose the income elasticity of demand for furniture is 3 and the income elasticity for doctors services
1. find an article online illustrating a change in demand or supply in some market.2. analyze the situation using
Most historians agree that the American Revolution was caused by series of events and growing differences between the colonists and England. Explain and analyze at least two such causes.
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