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Analyze how U.S. monetary policy affects the global economy. Determine the most significant monetary policy that the Federal Reserve Bank has been responsible.
If you raise the price of your good but sell more units is this a violation of the law of demand?
Show what happens if the government puts a price floor above the market (equilibrium) price to help producers of root beer.
What is the identification problem? What effect will this problem have on the regression estimates of a demand function?
Explain the differences between shortages and scarcity. In answering this question you should consider the difference between the short run and the long run
Draw the demand, marginal revenue and marginal cost curves. Calculate and show how much this firm will sell and what it will charge.
Compute the monopolist`s profit and the total consumer surplus of purchasers.
Assume initially that Yoland does not open to trade. What is the autarky equilibrium price and quantity?
Illustrate how the Linder theory of trade works. Explain similarities and/or differences between the Linder model and Heckscher-Ohlin model.
Explain the role of economic theory and answer the question, "what is an economic model?"
Which curve shifts and in which direction? what happens to aggregate output and the price level in each case?
How could this affect the US reconstruction policies in Iraq and Afghanistan?
Discuss the advantages and disadvantages to the US economy at this time of a stronger vs. a weaker $.
Question: Explain what economic issues Winston Churchill discussed with Lady Astor?
What is the market equilibrium rental price per month and the market equilibrium number of apartments demanded and supplied?
Explain how the price level will be affected by these expenditures in the short-run. Explain how GDP is affected in the long-run.
Draw a graph of the aggregate demand curve and the short-run aggregate supply curve.
Why is a struggle underway in Cuba between social equality and the free market? Why did Cuba permit free markets?
How does the supply and/or demand curves will shift in the following cases. a. Incomes rise and the good is a normal good
Do you think the government should have intervened and imposed a price ceiling? What would have been the economic effects of this?
Using a diagram of the US capital market, show the effect of this inflow on the rental price of capital in the United States and on the quantity of capital
Assume the Fed does not change the money supply. According to the theory of liquidity preference, what happens to the interest rate?
Explain the differences between microeconomics and macroeconomics and to provide real-world examples.
Define transfer payments and give an example. Explain why transfer payments are not included in GDP.
Question: What are the long-run effects on prices, output, and profits in monopolistic and monopolistically competitive industries?