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What is the size of the GDP gap? (assuming that equilibrium real GDP is $800 billion, potential real GDP is $900 billion, the MPC is 0.8 and the MPI is 0.40)
Findout the number of hours of skilled labor also the number of hours of unskilled labor which minimized the price of doing the project.
Illustratr what can you infer regarding the own price elasticity of demand for Big G cereal.
A company is trying to provide goods and services to customers in a balanced customer benefit package CPB. Do you see any conflicts in a goods-producing versus service-providing way of thinking
Illustrate what would be a monetary policy prescription to reduce or eliminate deflation.
Discuss, relating in part whether such highways are public goods and whether or not privatization should work.
Discuss how each of the following will affect the marketplace clearing price and quantity in each market. How does the supply and/or demand curves will shift in the following cases.
Mark's employer pays for 55 percent of the premiums for a disability insurance policy and Mark pays for the other 45 percent. The policy pays Mark 65 percent of his normal salary
What nation would you choose to trade with and why.
What are the shortcomings of GDP deflator and CPI as measures of inflation? What are the effects of inaccuracy in measurement?
A. .Discuss the major reasons why medical spending is absorbing an increasing share of national output B. What solutions can you proffer to the problem of escalating spending on medical care
The relevant cost functions are C(Qi) = 4Qi, and the inverse market demand curve for this unique product is given by P = 160 - 2Q. Currently, you and your rival simultaneously (but independently) make production decisions, and the price you fetch ..
Suppose the marginal cost curve in the short run first decreases, then reaches a minimum, and then increases. If we are at an output where marginal cost is decreasing, then: A. marginal product must be increasing. B. average variable cost must be d..
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