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1- what is ldquoeffective demandrdquo according to keynes how can there be a lack of effective demand2- how did keynes
a- if exports are greater than imports would this increase or decrease gdp using the expenditure approach what does
a- list and describe the four types of unemploymentb- using the expenditure approach give an equation for gdp now
boris budgets 9week for his morning coffee with milk he likes it only if it is prepared with 4 parts coffee and 1 part
dusty derives utility from 3 goods music m wine w and cheese c his utility function is given by umwc m 2w ca
a local phone company has three family plans for its wireless service under each of these plans the family gets two
case buying a calculator as a student you are on a very limited personal budget but your research group has a very
1 true or false economic growth does not depend on how much people save or businesses invest only on how much they
a- what is the current level of unemployment inflation growthb- what are the only 2 ways to increase the growth rate of
when output is at its potentiala unemployment and capacity utilization rates are likely below the target levelsb
according to the film the ldquohouse we live inrdquo what is whiteness who decides what whiteness is how does whiteness
an owner can lease her building for 120000 per year for three years the explicit cost of maintaining the building is
for several decades the labor force participation rate of women increased steadily but average hours worked per
all firms in a cournot monopolistically competitive industry have the same cost function cq 25 40q market demand is
1 if the price of housing which accounts for roughly 40 of total expenditures in the cpi basket rises by 15 in one year
according to the classical view of business cycles a it would be strange if fluctuations did not occur when individuals
an increase in nominal gdp accompanied by a decrease in real gdp a is impossible b implies that the price level in the
keynesians would likely agree that a all unemployment is frictional unemployment b if a person isnt working thats his
if a firm sold 700 worth of goods which cost 1000 to produce a national income would no longer equal gdp b the firms
1 what is not included in gdp for the united states but is included in gnp for the united statesa a foreign companys
bob views apples and oranges as perfect substitutes in his consumption and mrs 1 for all combinations of the two goods
you are valuing an investment that will pay you 12000 the first year 15000 the second year 18000 the third year 21000
discuss if government employees were to be given a limited right to strike which occupations should be prohibited from
international economicsj-display diagrammatically two countries a and bidentify their corresponding production and
while you were an intern you bought 5 packages of hot dogs a month after acquiring a full-time job with a considerably