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Explain how the economy can adjust in the long run to restore full-employment equilibrium. Draw a graph to illustrate this adjustment process.
Use supply and demand diagrams to show how each of these claims is consistent with a fall in the quantity of drugs consumed.
Calvin Coolidge once said that "inflation is repudiation". What might he have meant by this? Do you agree? Why or why not? Does it matter whether the inflation is expected or unexpected?
Calculate the percent change in the MM as well as the percent change in the MB during this period. Then calculate the percent change in the money supply during this same five year period.
Calculate the money multiplier for Dec 2006, one year prior to the Great Recession. Please show all work.What is the percent change in the money multiplier in this five year period?
Plot the behavior of per capita GDP on earth and mars over time. what is the effect of starting out with more knowledge?
Check out the housing market in your home town. What regulations exist that control the market interaction of landlords and renters? What goals are the regulations intended to achieve?
Suppose Bill's doctor tells him to further reduce his carbohydrate intake to 126 grams per day. What combination will he consume?
What is the estimated number of cans of tennis balls demanded? At the values of P, M, and PR given, what are the estimated values of the price (E), income (EM), and cross- price elasticities (EXR) o
For each option, calculate the profit-maximizing price and quantity. Which, if any, of these compensation schemes would alter the deadweight loss from monopoly? explain.
Explain why there is a natural employment deficit. Compute the amount of the natural employment deficit in terms of both billions of dollars and as a percent of natural real GDP.
You want to predict the resale value (as a percentage of the original price of the vehicle) as a function of the vehicle's age. Find an equation to do this.
Statistical analysis indicates that a=0.8 and b=0.3. The firm's owner claims the plant has increasing returns to scale. Does output per unit of labor depend only on a and b? Why or why not?
Describe the business and explain the general pattern of change of the particular market model indicating how this change is likely to impact business operations.
Discuss the statistical significance of the parameter estimates b, c, and d using the p-values. Given the signs of c and d, please comment on the good category of tennis ball and its relationship wi
(a) When can the NPV and the IRR methods of evaluating investment projects provide contradictory results? (b) How can this arise? (c) Which method should then be used?
How much is the uniform annual revenue in years 2 through 5 to achieve economic equivalence if the company decides to use MARR that is 3.5% higher than the cost of capital.
Compute the interest rate paid on Korean deposits. Using the definition of the real interest rate (nominal interest rate adjusted for inflation), show that the real interest rate in Korea is equal t
Consider the firm with a single factor of production defined implicitly by the relation, Calculate the point elasticity of the firm's total sales revenue with respect to the amount of labour used when
Forecast Savings-Mart's sales for each of the quarters in 2010. Which variables of the model are statistically significant? Use t-test for a=.05.
Speculate the expected relationship between the selling price and each of the independent variables according to economic theory.
Show how the consumer's option change when the price of good X increase to $10. B) How does this change alter the market rate of substitution between good X and good Y.
At this population, how large is the resulting utility, how large is the cost? Calculate the resulting utility if the population were on million higher and one million lower than the optimum.
Using concepts, identities, and/or equations discussed in class, demonstrate that the estimated coefficient of an explanatory variable in a multiple regression.
The e-commerce package, what is the equivalent annual worth of costs for the website over a total of 6 years at an interest rate of 12% per year.