Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Solved Assignments
Asked Questions
Answered Questions
What are the effects of an increase in wealth on the demand for money and the demand for bonds? Explain in words.
What is the relation between the price of the bond and the interest rate? If the interest rate is 8%, what is the price of the bond today?
How will reducing the deficit in either way affect the equilibrium level of output in the short run?
What was the unemployment rate in the last month of the last quarter of negative growth? By how much did the unemployment rate increase?
How many quarters has each recession lasted? In terms of length and magnitude, which two recessions have been the most severe?
Calculate the total change in the deficit as a percent of GDP between 2011 and most recent data. Now split the change in the deficit since 2011.
How has China raised its output per person in the last two decades? Are these methods applicable to the United States?
What can be wrong about joining forces and adopting a common currency? The euro is obviously good for Europe.
Discuss the likely differences in driver behavior under this plan compared to a plan in which drivers are paid by the day.
Why might it be a good idea to compensate those teaching classes in bookkeeping based on their students' performance on standardized tests?
Do you agree? Why, or why not? Would you agree with a qualified version of George's claim? If so, what qualifications would you add?
Fifty residents of a college dorm all like espresso. An espresso machine costs $1,000. What could Eugene do to improve his chances of success?
Give three examples of common property resources other than the ones listed in the text. In each case, how is overuse addressed in practice, if at all?
What are the advantages and disadvantages of this proposal? Is it workable? How does it compare to a gasoline tax?
Find the socially efficient level of innoculations, the competitive equilibrium, the deadweight loss created by the externality, and optimal Pigouvian subsidy.
What agreement will the mill and the farmer negotiate if the mill has the right to pollute? What if the farmer has the right to clean water?
Find the socially efficient level of test preparation, the competitive equilibrium, and the deadweight loss created by the externality.
hen Sam Walton started Wal-Mart in 1969, he decided to open his large discount stores in relatively small towns. Why was Sam Walton's plan a good idea?
In 1983 Congress passed the Orphan Drug Act, which gave special tax credits. Why might this legislation increase aggregate surplus? Why might it lower it?
If the firms could curtail their R&D efforts, each could earn a greater profit. Would you expect that sustaining this type of collusion would be easy or hard?
Suppose that in the repeated Bertrand model of Section 19.5, Joe and Rebecca take. What is the largest weekly interest rate when price changes take a month?
What effect would you expect the EPA's announcement to have on their ability to sustain the monopoly price?
At what monthly interest rates can firms sustain monopoly price by charging the monopoly price if no one has yet undercut it and $50 if someone has undercut it?
The marginal cost is $0.30 per can. Find the Nash equilibrium prices. How does a change in D affect competition? Why?
What effect will those coupons have on the amount of the product the monopolist sells in May, the final cost per unit to consumers, and the monopolist's profit?