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In The short run Government Monetary Policy(define these) CAN alter realvariables like GDP and Employment but in the long run itcannot.
It is possible for U.S. federalbudget deficits to crowd out investment spending in othercountries? How could German or British investment be hurt by largeU.S. budget deficits?
Consider two firms X and Y produce identically tasting cold drinks.In order to increase the demand for its cold drink, firm Xincreases its advertisement outlay. However the advertisingdoesn’t in
Discuss the immediate effects of the following events ondemand or supply in each respective market. Assume eachmarket is perfectly competitive. Indicate if you think demandor supply will shift right o
Investment can be increased both by reducing taxes on privatesaving and by reducing the government budget deficit. a) why is itdifficult to implement both of these policies at the same time?
Determine the optimum order quantity and the corresponding totalrelevant cost
What is the national unemployment rate right now and what is theunemployment rate for the demographic group that best fits adescription of you (age, sex, race) Is it higher or lower than thenational a
Are the following workers more likely to experience short-term orlong-term unemployment and explain:
Why does the aggregate demand curve slope downward?Give at least three reasons and examples when addressing thisquestion. Identify an event that would shift the AD curve and whichdirection the AD curv
Rob has an income of $10,000 this year and he expects an incomeof $13,200 next year. He can borrow and lend money at an interestrate of 10%. Consumption goods cost $1 per unit this year and thereis no
Should a government be involved in funding banks on Wall Street andlarge automakers out of debt with federal funds so they can stayout of bankruptcy? Does this help or hurt our economy andwhy?
Immigration is a major topic of concern in today’s economy. What are the possible problems and solutions for theseconcerns? What could happen to the U.S. labor markets ifimmigration is not contr
At many colleges and universities, businessprofessors receive higher salaries than professors in othersfields. Why might this be the case? Use the Internet and thereadings to answer this question and
Imagine a firm that hires two types of workers – some withcomputer skills and some without. If technology advances so thatcomputers become more useful to the firm, What happens toequilibrium wag
Suppose that an increase in the price of grapse from $1.20 to $1.40per pound raises the amount of grapes the grape farmers producefrom 1.2mil pounds to 1.6 mil pounds. Use the midpoint method, what wo
What is a budget constraint? How does a budget constraint explainconsumer choices when used in conjunction with indifference curves?Explain what happens if a household looses half of their income,usin
Why do business departments have more money than otherdepartments? What economic measures can be taken to relieve thedifferences in salaries?
Some people claim the “economic way of thinking” does not apply to issues such as health care. Explain how economics does apply to this issue by developing a “model” of a
How does a current budget deficit affect futureworkers? How could a policy by the current government to reduce thenational debt hurt these future workers?
If the price of processor chips used in manufacturing personal computers decrease, what will happen in the market for personal computers? How will the equilibrium price and equilibrium quantity of per
ABC Company received the data below for its rodent cage production unit. Find the total productivity.
In a short run, a firm’s total costs of producing the hundredth unit of output equals $10,000. If it produces one more unit, its total cost will increase to $10,150.
Suppose that a firm’s only viable input is labor. The firm increases the number of employees from four to five, thereby causing weekly output to rise by two units and total costs to increase fro
Suppose that over a range of prices, the price elasticity of demand varies from 15.0 to 2.5. Over another range of prices, the price elasticity of demand varies from 1.5 to 0.75. What can you say abou
The price level of a basket of goods in 2002 was $64.00. The price level of that same basket in 2003 was $68.00. If 2002 is the base year, what was the price index in 2003?