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Question 1: (a) What are the characteristics of market and command economies? (b) In a number of countries in recent years, there has been a movement towards a greater rel
The United States Treasury borrows money on behalf of the federal government all the time. One type of the government borrowing, called a treasury bills, promises a fixed payment a
I am trying to figure out how to calculate the eqilibrium level of income and the multiplier
x=40-0.2p where x=x1+x2 c1=50+2x1+0.5x1 c2=100+10x2
One of our clients is a major homebuilder in the Midwest. This company believes that sales of their new homes are highly correlated with business cycles in the overall US economy.
what are some internal market forces and how is the outcome of output, jobs, prices, growth, and international balance
1 (a) List two concerns with inflation. (b) Suppose that we are in a condition of fully flexible prices, but production of nails will not go above 200 chairs/month. What price w
How does an increase in income affect a consumer's budget line and their total utility?
Explain, using the best framework you can think of (based on our class discussion), the effect of a large federal deficit on interest rates.
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pri
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