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1) What is inflation and how is it calculated?
2) What are the consequences of inflation? Explain with real-life examples.
3) Distinguish between demand-pull inflation and cost-push inflation.
4) What is called "unemployment" and how is the unemployment rate calculated?
5) Discuss the four conceptual categories of unemployment with a real-life example for each.
6) What does it mean by zero per cent unemployment?
Your student association is looking for an auditorium to rent for an all-day conference. The university's Performing Arts Center is vacant on that day, so the association wants to rent it. If you rent the Center, what will be the university's margina..
Suppose Alphonso's town raise the price of bus tickets from .50 to 1.00 and the price of burgers rises from 2 to 4. why is the opportunity cost of bus tickets unchanged? suppose Alphonso's weekly spending money increases from 10 to 20. how is his bud..
What is the role of the financial system? Describe two markets that are part of the financial system in the U.S. economy?
A series of quarterly payments of $750 for 20 years is economically equivalent to what present sum, if the quarterly payments are invested at an annual rate of 12% compounded quarterly?
Shen and Valerie are building their portfolios. Shen purchases shares in a mutual fund and pays fees to a manager who actively manages the mutual fund's portfolio. He does so because he believes that the manager can identify inexpensive stocks that w..
Suppose the saving rate is initially greater than the golden rule saving rate. We know with certainty that an increase in the saving rate will cause
For a monopoly, the level of output at which marginal revenue equals zero is also the level of output at which
Equal annual withdrawals are to be made from the account, beginning 1 year from now and continuing forever. What is the maximum amount that she can withdraw at the end of each year?
For each of the following scenarios, use a supply and demand diagram to illustrate the effect of the given shock on the equilibrium price and quantity.
a) Find the value of the open economy multiplier b) What is the equilibrium level of GDP for this economy?
When face wants are not addressed during interaction, one or both of the parties may experience a loss of face. People are said to lose face when they are treated in such a way that their identity claims are challenged or ignored. Not surprisingly, r..
Increase in the equilibrium price and a decrease in equilibrium quantity of the products made with eggs,consider the effect of that price change on the market for items such as mayonnaise, salad dressing and cake mixes, for which eggs are a key ingre..
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