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An AC voltage source has an RMS voltage of 15 volts and it is connected in series to an inductor, a capacitor, and a resistor. At the resonant frequency the maximum current in the circuit is 9 amps and the inductive reactance is 6 Ohms. What is the maximum current in the circuit, in amps, at a frequency which is a factor of 2.3 more than the resonant frequency?
Construct an example of a combination of increased government spending and tax cuts that will bring the economy to equilibrium at potential GDP.
The transportation department has estimated that better bus service would reduce the growth rate from 6% to 4% for Route 44 (of Problem 4.1).
You are in a meeting about the price strategy to adopt for a product your firm is about to introduce into a new market. Jack says, “We should use price skimming.” Jane says, “We should use penetration pricing.” What assumption is Jane making about th..
What are the strengths and weaknesses of game theory? What are its underlying assumptions? Devise a situation/scenario from your work (or another company in which you are familiar) in which game theory is immediately applicable. Sketch out its specif..
An economy at the top of a stock market bubbles will impact consumers by encouraging A. greater consumption of luxury goods and less saving. B. more work and delaying retirement. C. greater consumption of luxury goods and greater saving. D. more inve..
Evaluate the following statement: "when the economy is in equilibrium in the ws- ps model, there is only voluntary unemployment, because no agent has an incentive to change their behavior"
Compared to a perfectly competitive market, in a monopoly market
Consider again the case analyzed in class with two sectors exhibiting constant returns to scale technology (sector A is capital intensive and sector T is labor intensive). Suppose there is a neutral technological change in sector T only (no technolog..
A consumer's bundle includes two normal goods, good X and good Y. According to the income effect, a(n) ______ in the price of good X or ______ in the price of good Y will cause the consumer to buy less of good X.
1. How was Georg Hegel's philosophy influenced by the ideas of Immanuel Kant? 2. What reason did Schopenhauer give for his claim that people are always unhappy?
Explain what happens to consumption, investment, and the interest rate when the government increases tax rates (but keeps government expenditures constant). How does the size of the MPC affect the outcome?
Demand for a good is Qd = 20,000 – 100 P. Supply is Qs = -1000 + 200 P. What is the elasticity of supply at the solution point? What is the elasticity of demand?
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