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Plants absorb light energy using special molecules called photosynthetic pigments (predominantly chlorophylls). These pigments absorb most of the visible light except for wavelengths in the green part of the spectrum. Consequently, plants appear green. However, what happens in the fall when leaves change colors? Why are there so many different colors? Moreover, why are the colors more intense some years?
According to the Keynesian IS-LM model, what is the effect of each of the following onoutput, the real interest rate, employment, and the price level? Distinguish between the short runand the long run. Be sure to express graphically and explain in wo..
Why are banks able to maintain reserves that are only a fraction of the demand and savings deposits of their customers? Is your money safe in a bank? Why or why not?
What happens to the marginal rate of substitution as you move along a convex indifference curve? A linear indifference curve?
Debts and Deficits: Compare the traditional view versus the view of Ricardian equivalence of the effects of a debt-financed tax cut on:
Describe a situation where prices have been held out of equilibrium due to government intervention in the market-the obvious ones discussed in the text are rent control and agricultural subsidies. You may use a specific example of one of these, or..
Why would nations favor fixed vs. floating exchange rates for their currencies? Why do some developing nations have a "fear of the float"
Suppose that Congress is considering an investment tax credit, which subsidizes domestic investment. (a) How does this policy affect national saving, domestic investment, net capital outflow, the interest rate, the exchange rate, and the trade bal..
1. consider a macroeconomy was initially at equilibrium level of real gdp.nbsp using an aggregate supply diagram and
nancy is consuming her optimal consumption bundle of burritos and margaritas. the marginal utility of her last burrito
Firms that make game systems like Playstation and Nintendo typically charge a price close to average cost on the game system itself, and do not change that price even when the systems are scarce or demand increases. Why might this be a profit-..
write an essay suggested length of 2-3 pages that describes the relationship between regulation and market structures
1. what do you mean by quality of capital per worker? how does improvement in quality of capital affect economic
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