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Describe any two key tools of monetary policy, and describe how they would be used to implement expansionary monetary policy.
Is there a trade-off between the unemployment rate and inflation in the long run? How is the long-run aggregate supply curve related to the long run Phillips curve?
Calculate the slope of AE curve and the size of the multiplier if MPC=0.75. Then, calculate the revised slope of the AE cure and the multiplier when you know that the imports.
In a sample of 40 stores, they sold, on the average, 370 suits per year with a standard deviation of $60. What is the test value for this hypothesis?
Suppose a monopolist faces the following demand curve: P = 180 - 4Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs. What is the monopolist's profit maximizing
With each provider. What is the cost to your friend of an extra minute on the phone? How much consumer surplus would he obtain with each provider?
How will the following events affect the demand for money? In each case, specify whether there is a shift of the demand curve or a movement along the demand curve and its direction.
The manufacturer of high-quality flatbed scanners is trying to decide what price to set for its product. Determine the short-run profit-maximizing price.
It seems that simulation could handle any situation or study. But is that always true? Discuss instances in which a simulation would be important and useful, and then a situation in which a simulati
Bank Y has liabilities of $800 million while Bank Z's liabilities are $900 million. In which bank would you prefer to hold on an equity stake?
Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following activities.
They will not be able to use these resources." If this assertion is true, full employment of resources may not be a good thing. Comment on the validity of this assertion.
What happens, instead, is that the Fed does not raise aggregate demand as much as the public expects (bias upward).
What arguments can be made for charging a lower than the profit-maximizing price? What price from the available prices do you recommend? Explain.
How does theory hypothesize that a current account trade deficit will be resolved? Why does the US's persistent current account deficit not get reduced this way, meaning what other factors are in pl
Result in a fall in annual demand of 75,000 units. What is the price elasticity of demand measuring the responsiveness of demand over this range of price increase?
If households receive $60 billion in wages, $10 billion in rent, and $20 billion in interest, how much are households paid for providing entrepreneurial ability?
Explain the impact of each of the events on the location of a firm's long-run expansion path. assume that labor is plotted on the horizontal axis and "other inputs" are plotted on the vertical axis.
what is the meaning of "the tragedy of the commons?" why did republicans flip-flopped on a cap-and-trade system to mitigate pollution.
Indicate whether each of the following would increase or decrease the cost of capital that should be used by the firm in investment project evaluation. Explain.
Draw and label the effect of an increase in the price of gasoline on the demand for Sports Utility Vehicles. (i.e. draw the supply and demand curves for SUV's and shift one of the curves.
Assuming vanity plates have zero production cost and his estimates are correct, was each state collecting the maximum revenue it could from vanity plates? Explain your reasoning.
Which one is the best? Do we use the production function equation? Or are we considering fixed cost vs variable costs? Where do we start with this one?
The firm's capital is fixed at K. What amount of labor will the firm hire to solve its short-run cost-minimization problem?
How many bushels will each of the farmer's five acres produce? How much revenue will each acre generate? What are the TR and MR for each acre?