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Q. Assume that each dollar held for transaction purposes is spent on the average five times per year to buy final goods and services. If the nominal GDP is 5000 billion what is the transaction demand?
Q. Which combination of fiscal policy actions would most contractionary for an economy experiencing severe demand-pull inflation
Illustrate what extent are these definitions of economics and happiness similar. To what extent are they different.
Suppose the following output and labor hours for Russia and Germany in producing Wheat and Cloths.
What is the inflation rate in Home? In Foreign? What is the rate of change in the nominal exchange rate? Which currency is expected to appreciate? At what rate? Explain.
Describe free trade harm the environment. Environmentalists argue that trade liberalization harms the environment.
You work for an unemployment agency that distributes unemployment checks to unemployed workers in your state.
Illustrate what happens to the demand curve and the supply curve when any of these determinants change.
Elucidate the pressures that increasing German interest rates put on the other European Union (EU) countries' currencies.
A farm operator has asked you to help him/her determine the quantity of water that should be applied to a crop under irrigation.
Suppose that deterioration in the education level of the U.S. population reduces the marginal product of labor.
Describe why some workers are more likely than others to be laid off or have a harder time finding another satisfactory job.
Lerner Index to compute your price mark-up. What is your optimal price if you produce 1000 units.
The primary period had been 10 years, what would the compound growth rate have been then. What would you expect the sales to be after 16 more years.
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