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When the government imposes a price ceiling 12$, disequilibrium between quantity demanded and quantity supplied results in what? What is the total surplus with the ceiling price.
Evaluate the federal fiscal policy and monetary policy in terms of the Austrian approach to macroeconomics and the Structuralist Keynesians. While preparing your answer, pay particular attention to their impacts on the national economy and income dis..
Draw a Phillips Curve. Explain why economists claimed that the Phillips Curve represented a menu of social choice. Do economists still believe in the menu view of the Phillips Curve? What view has replaced the original view?
Many Ausralian banana crops were destroyed by a cyclone. Assume the banana growing market is a perfectly competitive market, show a theoretical model explaining the equilibrium position (profit/loss situation) for an individual banana producer before..
Calculate the current velocity of money from the Federal Reserve Database (FRED). Using the Weekly, Seasonally Adjusted, M1 Money Stock, Updated: 2015-07-02 and the Quarterly, Seasonally Adjusted Annual Rate, GDP, Updated: 2015-06-24 - posted for the..
Describe how, if at all, each of the following developments affects income, the exchange rate, and net exports in an open economy with floating exchange rates: Suppose the government wishes to lower the exchange rate, ε, but not to change real output..
An article that describes a deployment or a design of an Optical Access Network, and/or explains the design and management of an optical network element.
The base year is 2009. Real GDP in 2009 was $10 trillion (2009 dollars). The GDP price index in 2009 was 112, and real GDP in 2013 was $11 trillion (2009 dollars). Calculate nominal GDP in 2009 and in 2013 and the percentage increase in nominal GDP f..
Two firms are considering going out of business and selling their assets. Each considers what happens if the other goes out of business. The payoff matrix below shows the net gain or loss to each firm.
What is the economic rationale behind Airline mergers? Bring both supply side (costs) and demand side (revenue) considerations into your answer. Simple diagrams would be beneficial.
How can Indigenous people be encouraged to participate in evaluating services and negotiating their needs regarding desired outcomes
If a Wistar rat is chosen at random, what is the probability that its PBG will be between 5 and 7 mmol/L?
A permanent scholarship fund is started through a donation of $750,000. If scholarships totalling $100,000 are awarded each year beginning five years from now, the requuired annual rate of return on the investment is nearest to:
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