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Explain with the aid of a diagram how the market adjusts to (i) an increase in money supply (ii) an increase in real GDP
Discuss in detail ONE factor of how government involvement in the marketplace can impact or not impact the economy
A change in the real money supply can result either from a change in the nominal money supply through Federal Reserve policy
When negative (or positive) externalities exist economists say that the market has failed to produce the right amount of the good at the right price.
What is the equilibrium price and quantity? At a price of $100.00, what will the quantity be?
What will happen as we move from the short run to a long run equilibrium in a monopolistically competitive industry if firms are making a positive profit
Suppose that, in a perfectly competitive market at the profit maximizing quantity, the market price is greater than average total cost.
What is the effect of an increase in the quantity of money? What is the difference between real variables and nominal variables?
The following problem traces the relationship between firm decisions, market supply, and market equilibrium in a perfectly competitive market.
Locate an article concerning trends in consumption patterns. Prepare a 1,050 to 1,400-word paper in which you:
You should assume that the accident at Chernobyl had no effect on the price of hot dogs or Jane's preference of caviar.
Consider the demand and supply curves for several markets - the market for mineral resources, the market for wheat, the market for sugar
When a monopolist maximizes profits, the price is greater than the marginal cost of producing the output.
If the federal government imposes a price ceiling on ice cream and the equilibrium price is above the government's price ceiling:
It is a common observation that wages are sticky downwards. Discuss the implications of this in relation to part (a) of the question.
What objectives are pursued by members of the OPEC cartel? Discuss what actions they can take to achieve these objectives.
Include rationale for the following questions: * How will you increase revenue? * How will you determine the profit-maximizing quantity?
Suppose that the unemployment benefits provided by the private sector (firms) are increased permanently, please answer the following questions:
General state of the economy as measured by real GDP (or real income) and unemployment.
To what extent should managers base their plans on the assumption that customers and suppliers are self-interested? Does it matter? Give examples.
Suppose the station instead seeks to maximize profits from sales of the DVDs. What price should it charge? How many DVDs should it order from which supplier?
What will happen to market equilibrium price and quantity in the short run if, Consumers expect that the price of the good will be higher
A television station is considering the sale of promotional DVDs. It can have the DVDs produced by one of two suppliers.
Explain what natural monopoly is in terms of the relationship between cost curves and the demand curve.
One of the major issues in macroeconomics is disagreement in the debate over policy activism versus policy rules.