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Suppose we are at a long-run equilibrium point in an AD-AS model. Then the money supply falls. In the short run, is there any difference between what happens in the simple quantity theory of money (SQTM) version and the monetarist version of the model?
In this model of society no capital and no wage labor. The commodities are valued based on hours of labor that needed for the production.Based the above the only input that used to find the cost of a commodity is labor.
A movie theater has estimated that demand for a movie ticket can be written as P1=10-Q1 for senior citizens and P2 = 12 - Q2 for rest of the consumers.
Describe the crowding-out effect of an increase in government purchases. Why does the magnitude of the crowding-out effect depend on how responsive interest rates are to increased government borrowing and how responsive investment is to changes in..
Ginger's utility function is \(U(x,y) = x^{2}y\) .Prices are Px=8 and Py=2 and Income is I=240. a)Determine Ginger's optimal basket given these prices and her income. b)If Py increases to 8 and Ginger's income is unchanged, what must the Px fall to..
Could you calulate the total, average variable, and average cost, when a company marginal cost of production is $5.00 per unit.
A consumer, D Carroll, spends all of his income on 2 goods X and Y. The 2 goods are both normal but are not complementary. The price of good X is reduced but the price of good Y is unchanged. The consumer continues to spend all of his income on th..
Early Classical economists found the subsiquent diamond/water paradox perplexing.
Electronic Surveillance of Employees View the video: "Electronic Surveillance of Employees" by clicking on the link in the course shell. There is also a link that will allow you to print the script of the video. Write a four to five (4-5) page rep..
The California Instruments Corporation, a producer of electronic equipment, makes pocket calculators in a plant that is run autonomously. What price should the manager charge for the calculators?
Determine what would happen to GDP if a significant number of house spouses who were previously stay home to care for their children began taking jobs and placing their children in day care?
Increase the required reserve ratio Decrease the required reserve ratio Increase the discount rate Decrease the discount rate Buy government securities in the open market Sell government securities in the open market
What would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision.
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