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You operate a business in which you manufacture furniture. What does prices imply about the slope of the short-run aggregate supply curve?
If retailers such as Wal-Mart and Target find that inventories are rapidly being depleted. What are the likely consequences for output and investment?
What impact do you think the tend is likely to have on the unemployment rate in a European country? Why?
How can unions result in higher unemployment rates? How would the results differ for someone who wants to be employed in the union sector as compared.
What would happen to the real interest rate if nominal interest rate went from 9 percent to 15 percent when inflation rate went from 3 percent to 10 percent?
What if you already expected the inflation rate to slow at the time you took out the loan? Explain.
How does an adjustable rate mortgage agreement protect lenders against inflation? Who bears the inflation risk?
Predict the effect of such legislation on unemployment. What would you expect to happen to the unemployment rate in neighboring areas?
Why does GDP measure only the final value of goods and services? Why does GDP measure only the value of goods and services produced within a country?
List, from the largest magnitude to the smallest, following categories: disposable personal income, gross national product, national income and personal income.
Why could next year's real GDP exceed next year's nominal GDP? Could real GDP grow at the same time that real GDP per capita falls?
Answer these questions about GDP: How could real GDP grow, while, over the same period, real GDP per capita falls?
While real GDP was growing at 2.3 percent in Country B, how long would it take before the two countries had the same level of real GDP per capita?
Predict how the standard of living will vary between these two countries over time as a result of divergent growth rates.
Would a shift from investment in capital goods to investment in education increase or decrease the growth rate of real GDP per capita?
What is the implication about economic growth for an economic system with weak enforcement of patent and copyright laws?
How could permanently lower marginal tax rates increase the capital stock, the level of education, the level of technology, and the amount of developed?
Why are firms less likely to issue new shares of stock when consumers or businesses are pessimistic about economic conditions?
What would happen to the loanable funds demand curve if new potentially profitable technologies arise and business taxes are raised at the same time?
What would happen to the loanable funds supply curve if there was both an increase in current disposable income and a decrease in new technologies creating.
What changes in loanable funds supply or demand would tend to cause a shortage of funds at the current interest rate?
Which direction will an increasing budget deficit change the equilibrium interest rate, the loanable funds supply curve and level of loanable funds in economy
Why can a homeowner make a better argument for compensation for noise pollution if a local airport was built after he moved in than?
What costs will the steel company consider in deciding whether to produce another ton of steel?
What would be the tax/refund for a family earning $100,000 a year? What would be the tax/refund for a family earning $50,000 a year?