principles of macroeconomics
What are the “powers of the Federal Reserve
Assume that you receive $18 worth of “jollies” (that is, satisfaction, utility or pleasure) from the very first hole of golf played on a particular day, and that your extra jollies from succeeding holes drops $1 for each and every hole played. You should p
What is meant by the term business cycle as described by economists?
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
What is Supply schedule and how it is related to supply curve?
The consumer gains from being capable to purchase at a single price rather than paying all that the particular quantity of the good is subjectively worth are: (i) Adverse selections. (ii) Market exploitation. (iii) Consumer surpluses. (iv) Moral hazards.
When you pay a straight A student in advance to write up your term paper and that person expends the money on a party and then, hung-over, can’t do a good job and hence you wind up with an F for submitting sloppily written gibberish, you encompass just suffered
Define the "full-employment" or "natural" rate of unemployment and give its approximate percentage rate as economists currently define it.
Can someone please help me in finding out the accurate answer from the following question. When Brussels sprouts cost $1 per pound and tofu is $2 per pound and your marginal utilities (additional jollies) from either an additional pound of tofu or an additional pound
Use the principles of supply and demand to address a predetermined goal (set by the student) in the gasoline market. Be clear on what the current market indicates and why and what your future goal is.
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
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