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What is the supply curve, how do you apply the law of supply in economics?
Master Card has a series of cute commercials that list a series of accounting items also costs leading to a costless product.
In the economy of Qonos in 2067 exports were $670, GDP was $8,652, imports were $1,281, investment was $1,544 and consumption was $2,325. What was Qonos's government spending in 2067?
Assume that a machine has a useful life of 20 years, and it loses its value in a "straight line"(i.e. one-twentieth of the original value per year).
Builtrite had sales of $4,000,000 in 2011. Cost of goods sold were calculated at 70% of sales. Builtrite’s operating expenses were $700,000 which included depreciation expense. Bonds with a total par value of $2,000,000 were outstanding and had a 4% ..
Show and explain the equation of exchange based upon the income velocity of money. Briefly summarize the conditions under which changes in the supply of money are likely to exert a predictable influence upon aggregate economic activity.
Label and describe income and substitution effects created by the income tax. At the chosen level of labor, leisure, and earnings, what is the workers effective
Write a paragraph explaining each concept as if you were writing for your 15-year-old sibling - Fiscal Policy and the Multiplier Effect
How can international trade theory explain intra-industry trade? why might we except intra-industry trade based on scale economies to be less politically controversial than intra-industry trade based on comparative advangate?
How did Maynard Keynes propose to address the Great Depression? Did it differ from the Classical views? How does it compare to Monetarism?
Class...Most economists including John Keynes prefer inflation to deflation. But, at the same time, Keynes recognized the dangers of inflation and suggests that it should not go out of control since hyperinflation can be extremely bad. What would you..
Suppose a business experiences a sudden increase in its fixed costs. For example, suppose property taxes increase dramatically. What impact, if any, will this have on the following?
If RRR =8% and a $1,000 change in reserves yields a $9,090 increase in the money supply, what percentage of excess reserves do banks hold? What increase in bank deposits is needed to increase the money supply by $10,000 when the actual reserve rati..
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