Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
When factors of production are combined to produce a particular level of output, what would be the effect on total product when all factors are kept fixed and only one factor is varied
A project consists of 20 activities whose duration time estimates in days are given below activity duration activity duration
Consider a macroeconomy was initially at equilibrium level of real GDP. Using an aggregate demand and aggregate supply diagram or model of the economy, graphically illustrate and discuss the short-run
Three students have each saved $1,000 and each can invest up to $2,000. Here are the rates of return on their investment projects: Harry 5%, Ron 8%, and Hermione 20%.
Many prices, including wages, would not be reduced even when aggregate demand decreased.
Why is are quarterly movements in a country‘s GDP measure so important? What is it called when a country has two successive negative quarters of economic growth?
Congratulations again. You've just been appointed economic advisor to Examland. The mpe is .6; autonomous investment is $1,000; autonomous government spending is $8,000;
Some politicians have suggested that the U.S. enact a constitutional amendment requiring that the federal government balance its budget annually. Explain why such an amendment
If a dealer of rare artifacts purchases a 2nd Century Roman Vase for $250,000 and sells it to a wealthy collector for $320,000 during a given year, how much has been added to GDP for that year? A. Not
Suppose a four sector economy C=200+0,65Yd calculate the values of MPC, MPM, MPT
State the commodity in which each country has absolute advantage and identify the commodity of comparative advantage for each country and indicate the gains to Zambia and Tanzania if the two countries
President Obama campaigned on the theme that he was going to reduce taxes for 95% of working Americans. Why would such a campaign promise be difficult to put into practice?
Keyenes consumption function appears to explain consumption over the short run but not consumption over the long run - why?
In the two sector economy where there is no personal tax,how is personal income related to personal consumption expenditures and personal savings?
GDP rises from 6 trillion in 2001, base year, to 12 trillion in 2008. the gdp deflator is 180. Find real GDP in 2008. Find the percentage increase in real gdp between 2001 and 2008.
In comparing two otherwise identical industries X and Y, an economist finds that labor demand is more elastic in industry X. Which of the following would support this finding?
U.S. real gross domestic product increased from $10 trillion in 2000 to $15 trillion in 2010. During that same decade the share of manufactured goods (e.g., cars, appliances) fell from 16 percent to 1
Briefly explain how each of the following changes the money supply.a. the central bank buys bonds b. the central bank raises the discount rate
Amos Excavating Inc. is purchasing a bulldozer. The equipment has a price of $100,000. The manufacturer has offered a payment plan that would allow Amos to make 10 equal annual payments of $15,582, wi
Suppose the total benefit derived from a given decision, Q, is B(Q) = 25Q - Q^2 and the corresponding total cost is C(Q) = 5 + Q^2, so that MB(Q) = 25 -2Q and MC(Q) = 2Q.
Because of a recession, the inflation rate expected for the coming year is only 3%. However, the inflation rate in Year 2 and thereafter is expected to be constant at some level above 3%.
Assume that the real risk-free rate, r*, is 4% and that inflation is expected to be 8% in Year 1, 6% in Year 2, and 4% thereafter. Assume also that all Treasury securities are highly liquid and free o
If the fed does not respond to this event what will happen to the price level?
You worked for extra pay on a holiday and therefore missed out on your neighbors’ barbeque. People face trade-offs. You had to miss the barbeque to get something else that we liked.