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One feature of a financial crisis is that there is a high demand for safe assets and a low demand for risky assets. Why is this a problem for the financial system and the economy in general?
In each case, assume the economy starts in full employment. Use the aggregate demand/aggregate supply model to illustrate the effects of the response on output and prices.
How much extra imports would have to be generated in Country A to offset the trade-diversion cost of the free-trade area?
Graph Mary's marginal cost curve using the orange line (square points) and her marginal revenue curve using the blue line (circle points).
"When per-unit production costs change for reasons other than changes in real output, the aggregate supply curve shifts." Does this mean productivity may not change?
The economy of Kenya is in recession, and the recessionary gap is large. The World Bank hires you as its economist and asks you to. Describe the discretionary and automatic fiscal policy actions that
What you are looking for is the most current information on percentage changes in output per hour of all persons in the business sector.
What is the mean income? Median? Top decile? Bottom decile? b. What is the general pattern of the US income distribution over the last century? How about the timing of the changes?"
With the decrease in demand for bridge and tunnel crossings, what is the optimal way to adjust tolls: raise tolls, lower tolls, or leave unchanged?
What is the total market demand for polyglue at the price established by Alchem? How much of the total demand will the follower firms supply?
How to graph this. A consumer has income of $100 and can spend it on cell phone minutes, at $1 per minute, or DVDs at $10 per DVD. Draw this consumer's budget line (BL).
Explain why the PPF before the war is different from the PPF after the war. Hint: we did technological change in the class where it does contribute to one side of the production use that to understan
Despite being globally branded, Unilever still tweaked the Dove campaign from nation to nation. Why did it do this? What does this tell you about national differences in consumer behavior?
Write a paper that uses game theory to set up a game designed to help a consumer decide whether to buy life insurance or not.
Illustrate what would happen if wages were initially unequal. Be sure to explain the role of the two assumptions given what happens if they are violated?
What is the unregulated competitive equilibrium? How would you optimally regulate the monopoly? What is the resulting equilibrium?
The marginal utility of the last ounce of truffles is 500. Rebecca has not allocated her income optimally. Why? How can Rebecca change her allocation to increase her utility?
What would happen to the value of gold if people discovered that it could easily be made at home from inexpensive materials? Explain your answer.
Describe the growing factionalism within the Lakota nation. When does it first appear? What role did Red cloud play in the factional splits that occurred in the late 1860s and 1870s?
Calculate the Bertrand best response function for Clucks (an expression for PC in terms of PR). What price with Rooster4U charge and what price will Clucks charge?
Calculate the price and quantity associated with a monopoly outcome. Label this point on your graph. Also compute consumer surplus, deadweight loss, and industry profits.
Compute and graph both firms' best response functions and mark the Cournot equilibrium on your graph. (You do not need to calculate the equilibrium.)
You have been hired by Airbus to recommend pricing and marketing strategies. Draw a hypothetical Average Total Cost curve for planes. Draw a Marginal Cost curve for producing additional planes.
Show the effect on wages, employment, and output of open immigration from poorer countries if there are no restrictions on employment in either sector.
Calculate the deadweight loss from the tax. Could the tax be justified despite the deadweight loss? What tax revenue will be generated?