Reference no: EM131386395
In each case use a diagram in your notes to determine the expected effects on the equilibrium price level (P) and level of real output (Q). For each of the economic structures described in a-j, give the effects on P and Q. (ie + or -). (Assume that all other things remain constant.)
a. A widespread fear of depression on the part of consumers.
b. A $2 increase in the excise tax on a pack of cigarettes.
c. A reduction in interest rates at each price level.
d. A major increase in Federal spending for health care.
e. The expectation of rapid inflation.
f. The complete disintegration of OPEC, causing oil prices to fall by one-half.
g. A 10 percent reduction in personal income tax rates.
h. A sizable increase in labor productivity (with no change in nominal wages).
i. A 12 percent increase in nominal wages (with no change in productivity).
j. Depreciation in the international value of the dollar.
|
Exchange rate effects on industry
: Check out Group Problem G-11-1 Exchange Rate Effects on Industry. Using shifts in supply and demand curves, describe how a change in the exchange rate affected your industry. Label the axes, and state the geographic
|
|
Craft a hypothetical social media policy statement
: Craft a hypothetical social media policy statement for a fictitious company. This policy statement of 500-750 words should consider the legal rights and ethical responsibilities of all stakeholders. Provide contextual background explaining why a s..
|
|
Determining the consumption of gasoline
: Suppose the price elasticity of demand for gasoline at the pump is 0.67. About how big a price increase will be required to decrease consumption of gasoline by 4 percent?
|
|
Factors of long-term growth discussed in the textbook
: Explain why "outsourcing of jobs" from the U.S. and other higher wage societies to China and other "lower wage societies" related to the factors of long-term growth discussed in the textbook.
|
|
Widespread fear of depression on the part of consumers
: In each case use a diagram in your notes to determine the expected effects on the equilibrium price level (P) and level of real output (Q). For each of the economic structures described in a-j, give the effects on P and Q. (ie + or -). (Assume th..
|
|
Write a summary of the life and importance of one key person
: Write a paper that includes the following:A summary of the life and importance of one key person in Jewish history.An explanation of one key event in the history of Judaism that is connected to that person.A description of any rituals, symbols, or sa..
|
|
Professional codes of ethics for mediators
: Professional codes of ethics for mediators require them to maintain strict confidentiality. No matter what they are told by a disputing party, they cannot reveal it to anyone else. Is this a good thing, or should they revise their codes of ethics?
|
|
List three appropriate health and safety requirement
: List three appropriate health and safety requirement which apply when inspecting and commissioning this electrical installation? List two statutory and 4 non statutory documents which relate directly to the inspection testing and commissioning of th..
|
|
Calculate how much will each annual payment be
: This loan is to be repaid in equal annual installments at the end of each year over the next 4 years. How much will each annual payment be?
|