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Question: 1. Explaining Why is macroeconomic equilibrium important?
2. The BIG Idea How do aggregate supply and aggregate demand help economic policy makers?
Macroeconomics, Economics
Question: Good X is produced in a perfectly competitive market using a single input, Y, which is itself also supplied by a perfectly competitive industry. If the government imposes a price ceiling on Y, what happens to t ...
Question - The space below shows the budget constraint between food (F) and non-food consumption (X). This household has $800/month to spend on the two goods, the price of food = $4/unit and PX = 1. Label both axes and b ...
The Economics of Cities and Regions Assignment - Report - Shift-Share Analysis and LGA Economic Futures Shift-share analysis and local council report on economic futures. Background: Shift-share analysis is a common econ ...
Question: One of the big differences between the National Football League and Power Five conference college football is that professional athletes receive payment for their services while collegiate athletics is strictly ...
Question - Someone calculated the future worth of his investment in term of today's dollars. The obtained result was 945, 895. The life of the investment is expected to be 20 years. The average annual inflation rate alon ...
Question: Suppose the utility function for a consumer is given by U = min{X, 3Y}. A) Sketch 3 indifference curves for this consumer B) Given the utility function and the associated ICs, what type of goods are X and Y? Th ...
Question: Consider the maximum entropy ensemble for the Erd ?os-R ´enyi random graph model P(G; ß), as discussed in class. Compute the Shannon entropy S[P] = S(ß) of this ensemble as a function of ß and N. As a function ...
Question: President Trump has put forward a tax plan that would significantly cut personal and corporate income taxes in the U.S. Assume that Congress passes this tax cut plan and President personal Trump signs it into l ...
Question: When other firms react Suppose you are the owner-operator of a gas station in a small town. Over the past 20 years, you and your rival have successfully kept prices at a very high level. You recently learned th ...
Question: There is a buyer and a seller. The buyer has a valuation 40 for a usable product. The seller has a cost 0 of producing a bad product and a cost 20 of producing a good product. The sequence of events is as follo ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As