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Find the total quantity produced and each firm’s profit in equilibrium. Describe what happens to these when Firm 1 changes its technology as above.
What will be the effect of this change in policy on both the real and the nominal interest rate in the long – run
Select ten (or more) different products to put in your baske like unleaded gasoline, Budweiser beer etc. Compute your SPI (Student Price Index) and the rate of inflation between the beginning and the
Consider an economy in that George and Harriet consume only ale and bread. Georgeís utility function is UG = aG(bG 1) where aG and bG are his consumption of ale and bread.
Construct two graphs that exhibit equilibrium in the petrol market – assume that there are no taxes. Clearly label the equilibrium values.
What is the demand curve and quantity demanded for good X?At the present price, would total revenue rise or fall if the price of the good is lowered? Why?
Draw a production possibility frontier for an economy which produces corn and rice.
Consider an economy with high innovative potential, but where saving is insufficient to fund innovative investments. Use Garrison’s capital-based macroeconomics to explain how more funding to
Draw and label demand curve for a cup of coffee for the consumer (please don’t forget to specify the intercept of demand curve for all of the axes).
Compute the required reserve ratio.
Draw a graph which demonstrates how the increase in the interest rate (above 0.10) will affect the budget constraints of consumer A and consumer B. How does the budget constraint of consumer A compa
In practice economists use a production possibility curve with two goods to elucidate the concept of opportunity cost.
Trends in board and narrow money growth in Indian empirical investigation and implication.
Under what situation, if any, do you believe that the pursuit of self- interest can encourage outcomes which are good for the group as a whole?
John Maynard Keynes argued that the basic problem which led to the world depression was
In this question, compare the size of the Government spending multiplier under two different assumptions: the Fed sits on their hands so that when G rises, r rises with it (the standard case), and t
Explain the difference between nominal and real GDP and why real GDP is necessary to compare prior years’ data.
Explain the concept of comparative advantage between two countries (use a numerical example to illustrate, and do not use the identical example in the lecture note).
Identify trends or other patterns in inflation within the an economy of your choice over the last five (5) years using quarterly data from the Central Bank or other Government based Statistical agen
Explain the economic justification for free trade policies. Do you think free trade helps manufacturing companies and farmers in Midwest.
You have been given responsibility for all planning and budgeting. Your first assignment is to make a master budget for the next three months.
A group of big-business CEOs is rolling out some ideas which could shape the coming debate on the overhauling tax system.
Consider a macro economy that is initially at equilibrium level of real GDP. By using an aggregate demand and supply diagram or model of the economy, graphically exemplify and discuss the short-run an