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Potential output for an economy is 900, velocity is 6, and the current money supply (Year 1) is 1,800. Theta = 50. Decision makers expect a 6% increase in the money supply; the actual increase is 3%.What is the current price level?
Suppose V=$0, what is Jim's labor supply function now. Draw his labor supply curve. Illustrate what happened to his wage and substitution effects.
Suppose there is an early freeze in California that reduces the size of the lemon crop. Elucidate what happens to consumer surplus in the market for lemons.
calculate the profit maximinizing output. calculate the economic profit earned. Illustrate what is the industry for product equilibrium.
Based on information provided in my scenario, Illustrate what is value of marginal product. How many employees should you hire. Illustrate what wage should you set for your widget making employees.
What is the present value of Stephany’s endowment? What is the future value of her endowment? With blue ink, show the combinations of consumption this year and consumption next year that she can afford in a graph.
Suppose that in the year 2010 the number of births is temporarily high. Explain how does this baby boom affect the price of babysitting services in 2015 and2025.
What economic example could be used to demonstrate incentives that were used to "nudge" buyers/sellers
When an incumbent maintains a price below the monopoly price in order to prevent entry. The act of charging a low price initially upon entering a market to gain market share.
There is a direct relationship between a growing real GDP also rising pollution. Growth provides an economic environment favorable to education also self-fulfillment.
Find the 90% confidence interval for the compensation of a year when the productivity is 85 and interpret the C.I.
The Immediate lyric Division accused Microsoft of forcing consumers to buy Internet Explorer whenever they bought Windows
Amend the diagram and use similar algebra to figure out Illustrate what happens again.
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