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Why countries engage in international trade and how that country aligns with the PPF concept.
If the quantity demanded for apples increases by 1.25 per cent when the price of grapes increases by 2.5 per cent, the cross elasticity of demand between apple and grapes is,Suppose a rise in the price of a good from $7.50 to $8.50 leads to a decr..
Why was nominal GDP greater than real GDP in each of those quarters - What was the percentage change in Nominal GDP for the most recent quarter compared to the previous quarter? What was the percentage change in Real GDP for the two quarters?
1. Describe how the Durbin Watson test in conducted and how the value of 2.0 is used when conducting D-W tests. 2. Explain why we need to use (tau)-test statistics, rather than t-test statistics in the D-F unit root tests 3. When and how so-called sp..
Suppose that the two years have elapsed since you purchased the security, and you hve recieved the first two payments of $600 each. Now suppose the market interest rate suddenly jumps to 10%. How much would another investor be willing to pay for y..
Describe unemployment trends based on unemployment rates. Define unemployment and describe the typical types of unemployment in an economy.
keynes believed that a fixed exchange rate made it harder to maintain equilibrium between savings and investment
1) If Max receives an unemployment check, would you include that transfer payment from the government in this year's GDP? Why or why not? 2) In the following situations, explain what is counted in this year's GDP.
Next assume that the price of a substitute resource increases, other things constant. What happens to demand for labor What are the new equilibrium wage rate and employment level What happens to economic rent
After 9/11 our world as we knew it has changed dramatically. Thinking about future actions by government officials, what public policies do you think need to be put in place that has not already been addressed?
1. What factors influence the demand for this product? What factors influence the supply of this product? 2. How have these changes in supply and demand affected the equilibrium price of this product?
Choose a foreign country that you have visited - or would like to visit. Download the data (there is a link at the bottom of the page). USING THE DATA (use "dollar price of a BigMac"in column D) explain whether a Big Mac costs more or less than ..
Graphically illustrate the impact of an open-market purchase by the Federal Reserve on the equilibrium interest rate using the theory of liquidity preference and the market for real money balances. (Be sure to label:
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