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Q. What percentage of total spending must president and Congress act upon each year? What accounts for remaining expenditures?
Q. What will be impact of this change on equilibrium real rate of interest and level of saving and investment if interest rate elasticity of household saving is zero? How do your answers change if interest rate elasticity of household saving is positive?
Elucidate what is meant by "double coincidence of wants, and why it poses an impediment to efficient trade in a barter economy.
Illustrate what are the equilibrium wage rate and level of employment. What is the amount of economic rent.
Assume that the marginal cost of providing lockers is zero as well as the monthly demand as well as for lockers is estimated to be best described.
short-run average cost curve and the long-run average cost curve are both U-shaped for the same reasons.
Assume to fruit-picking can be done by children or adults, but to adults are twice as efficient as children
To test her hypothesis, she collected a simple random sample of 100 starting clerical salaries from across state and found that sample mean is $29,750. State appropriate null and alternative hypothesis.
Elucidate proponets of free market systems argue that free enterprise leads to more efficient production and better responses to changing consumers preferences.
illustrate the effect of capital formation by comparing the product posibility curves,at the present time and ten years in the future for two economies,one with a high and the other with a lowrate of capital formation.
Illustrate what is the change in quantity of money that will eventually result. Assume that the currency drain in 0.15 and the desired reserve ratio is 0.05, and show your calculations
Explain how does a firm solve this pricing problem to maximise profits. Explain, using a diagram to support your answer.
Find the equilibrium price and quantity after the shift of the demand curve.
Write down a paper analyzing different approaches that might be used by Keynesian theorists and monetary theorists to promote long-run macroeconomic stability.
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