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Question 1. Construct a graph showing supply and demand in the tablet case market, using Microsoft Excel.
If the demand for money depends positively on real income and depends inversely on the nominal interest rate, what would happen to the price level today if the central bank announces (and people bel
Explain the changes in the supply and demand curves based on the above information. Draw a graph showing how the changes affect the price levels, supply and demand.
Discuss the nature of social and labor issues that domestic manufacturers will likely face with their international suppliers. Why is it important to understand the cultural background of a foreign
Use supply and demand to analyze the effect of a $2000 new-car rebate on the price and quantity of used cars. Explain in words the effects of the rebate on supply and/or demand and its effects on qu
Rank which of the following five changes are preventing the aggregate demand curve from shifting outward and jump-starting the economy (list 1 as the most important and 5 as the least). Please expla
A model of the determinants of health combines three economic variables and two economic relationships. For instance, the three economic variables are:
Using the demand curve shifters (PYNTE), explain whether each of the following will increase or decrease demand for cell phones. Tell whether the demand curve shifts to the right or to the left.
Write a short essay identifying and describing two markets of your choosing; the first characterized by an elastic demand and the second one by an inelastic demand.
The widget industry is perfectly competitive. The industry demand and supply functions for widgets are given below. What is the equilibrium price and quantity for the industry?
Select the optimum approach and explain why your choice represents the best balance of investment to long-term economic savings. Please provide support and reasoning for your responses.
Show and discuss the “Gap” model in the context of the RER-NX graph in 1.1, use other graphs if necessary.
Problem: Using both offer curves and a two by two payoff matrix, determine the optimal foreign economic policy of a hegemon.
Q1. Briefly state the advantages and disadvantages of foreign exchange rate targeting. Q2. Briefly state the advantages and disadvantages for each tool the Fed can use to manipulate the federal funds
Problem: Explain the relation between employment and efficiency.
Problem: Explain the production possibilities frontier. What are the main assumptions?
a. What is the equilibrium level of income? b. If the full employment level of income is 3,000, is there a recessionary or inflationary gap? If so, how much?
“Pay for performance” means that employee compensation closely reflects the amount of value derived from each employee’s effort. In economic terms, the value derived from employee
In the last scenario, if the interest rate on five-year government bonds was 11 percent per annum in Italy and 8 percent per annum in Germany, would the lira/exchange parity be credible? Have you as
Is the use of the least-cost input combinations a necessary condition for profit maximization? Is it a sufficient condition? Explain. Explain why the MP/P relation is deficient as the sole mechanism
1) What is the equilibrium level of income (real GDP) in this economy? 2) Calculate the autonomous expenditure multiplier for this economy
Suppose, in a two-sector model, that individuals receive the following payments from the business sector: wages $520, interest $30 rent $ 10 and profits $80. Consumption spending is $550 and invest
Calculate Total employment, the Unemployment rate and Population where indicated.
The ability for the economy to eliminate any imbalances between actual and potential output is sometimes called self-correction. Using an aggregate supply and aggregate demand diagram, show why this
What can you infer from this data about labor productivity growth in the US economy during the period March 2001-March 2002? Give a numeric answer if possible and explain your answer in a few senten