Microeconomics
is studying economic worth your time and effort
Whenever longer periods are considered and hence bigger ranges of adjustments (that is, substitutions) become probable, demand curves tend to become: (i) Flatter, and therefore do supply curves. (ii) Flatter, as supply curves become steeper. (iii) Ste
"The economic cost of unemployment is measured by the GDP gap." Explain this statement. ?
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?
1) How can governments seek to control their national economies through fiscal and monetary policies?2) What are the causes of the fiscal deficits experienced by many developed nations in the past three years and what are the main effects
Explain with examples the reasons for exceptional demand curve
Describe whether the sale of old scooter is comprised in national income?
Explain the term Shut Down Price? Illustrate it.
A tax will be backward-shifted totally when the: (i) demand curve is vertical and the supply curve is slopes up. (ii) demand curve slopes down and the supply curve is vertical. (iii) supply curve is perfectly elastic and the demand cu
What is the impact on income or output and price of excess demand (Inflationary gap)? Answer: In the condition of excess demand (that is Inflationary gap) there wil
Tom reimburses $5.00 for a ticket to see a present hit movie. If Tom was willing to reimburse up to $7.00 for that ticket, his consumer surplus equals: (1) $5.00 (2) $2.00 (3) $7.00 (4) Tom does not receive any consumer surplus as he purchased the ticket.
18,76,764
1923426 Asked
3,689
Active Tutors
1425877
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!