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1. What is the crowding - out effect? example?
2. Why were those who took out hybrid loans at far greater risk of foreclosure when the Fed began raising interest rates?
3. How are each of the following events likely to affect the value of the dollar relative to the euro?
a. Interest rates in the European Union increases relative to those in the United States.
b. The European Union price level rises relative to the U.S. price level.
c. The European central bank intervenes by selling dollars on currency markets.
d. The price level in the United States falls relative to the price level in Europe.
Illustrate what are automatic stabilizers. What are some examples. What are your thoughts about the limits of fiscal policy.
Illustrate what do you think about the goal of the IMF's aid to distressed countries. What has been the controversy surrounding the IMF austerity programs.
Discuss wage determination in a labor market in which workers are unorganized and many firms actively compete for the services of labor.
Write down an equations for total revenue and marginal revenue.
Describe whether each of the following would cause a shift of the aggregate demand curve, the aggregate supply curve, neither, or both.
Determine what are economic decisions made in tradition, command and market economies and what are the pros and cons of each?
Expalin why is private property, and the protection of property rights, so critical to the sucess of the market system.
Over the last three years, as the result of decreasing prices for digital cameras, the price of developing traditional 35mm film has increased 5% yesrly. How would I go about graphing this impact on the market for 35mm cameras.
Explain how would you rate Ben Bernanke's performance as Chairman of the Federal Reserve.
Elucidate the difference between economic profits and accounting profits. Using the concepts of relative elasticity and relative inelasticity, explain price elasticity of demand.
Indicate whether each of the following statements is true, false, or uncertain, and explain your answer.
Use the following general linear supply function to answer the question, Where Qs is the quantity supplied of the good, P is the value of good, PI is the value of an input, and F is the number of companies manufacturing the good.
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