Q: What is the name given to the value that laborers produce but are not paid for, that is instead…
A: Labor cost is the complete of wages, advantages, and finance charges paid to and for all…
Q: 16.)The demand curve for electrical output of a coal generating power plant is PD = 17000 – Qº. The…
A: (16) The supply curve of generating electricity represents the marginal cost of private MC = P =…
Q: 5.4 In theory, what is the slope (value) of the indifference curve at Mrs. Bain's utility…
A: Answer (5.4) The slope of the indifference curve is called the marginal rate of substitution, which…
Q: explain why National income accountants only include the market value of final tangible goods and…
A: The GDP is the complete of all worth added made in an economy. The worth added implies the worth of…
Q: The following balance of payments data is for the economy of Augusta: Foreign investment in Augusta…
A: The balance of trade, commercial balance, or net exports, is the difference between the monetary…
Q: An example of an expansionary fiscal policy is O a) eliminating certain deductions for taxes on…
A:
Q: 5.3 What is the slope (value) of Mrs. Bain budget line? 5.4 In theory, what is the slope (value) of…
A: Indifference curve refers to the graphical combination of all possible combination of two goods that…
Q: Explain with the use of graphs the effects of increased taxes on airline tickets on travel to major…
A: The equilibrium level is decided where the demand and supply forces are equal. The imposition of tax…
Q: In a hypothetical economy, real GDP is $10 trillion, investment is $2 trillion, the capital stock is…
A:
Q: Costa Rica can produce either 18 oranges or 9 watermelons a day, while Panama ean produce either 16…
A: International trade: - it means the buying and selling of goods and services with other countries.
Q: The Laffer curve is a central component of O a) countercyclical monetary policy. O b) the new…
A: Answer: Laffer curve: Laffer curve shows the relationship between the tax rate and the tax revenue…
Q: In a recession, monetary policy is more effective in restoring the economy to its prerecession…
A: when the real GDP is less than the potential output, the economy is in recession and the…
Q: Rational expectations theory sees errors in predicting inflation as O a) beneficial. b) random. O)…
A: Inflation means the rate of rising prices during a particular time period.
Q: 1) According to the Phillips Curve, as unemployment falls what happens to inflation? Why?
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: OPEN ECONOMY Consider a small open economy. Predict what will happen to the following variables in…
A: Investment refers to the use of savings in the production process. It includes the purchase of bonds…
Q: Use the following graph to answer the next six questions. 22,000 Domestic supply 20,000 18,000…
A: Without the trade with the rest of the world, the number of cars exchanged at equilibrium will be at…
Q: You have conducted a study to determine if there is independence or dependence between market…
A: * SOLUTION :- From the given information the answer is provided below as,
Q: he table given below reports the value of different economic variables of a country during a year.…
A: Answer: Gross investment; gross investment is the sum of net investment and depreciation.…
Q: O d. reduce; higher; higher
A:
Q: mpany Item Cost Initial cost $12,000,000 Service life 15 years Salvage value $2,000,000 |Crew costs…
A: We find the annual worth of the fixed costs excluding the costs which are annually incurred .…
Q: Karen and Sophia want to buy a $225,000 home. They plan to pay 20% as a down payment, and take out a…
A: Note: We will answer the first 3 subparts of the question as the exact one was not specified. Please…
Q: Is the following true, false or uncertain? Consider a temporary positive inflation shock in a…
A: A fixed exchange rate is a regime applied by a government or central bank that ties the country's…
Q: how to reduce the debt gdp ratio for macro
A: The debt-to-GDP proportion is the measurement contrasting a country's public debt with its (GDP).
Q: Question 35 Since 1970, the United States experienced stagflation O during all five recessionary…
A: Stagflation is a stage in which inflation and unemployment rate are high and growth rate of the…
Q: man borrowed an amount of P150,600 to bank that offers an interest rate of 5.36% compounded…
A: *Answer: According to the question, Principal = P150,600 Interest Rate = 5.36% = 0.0536 Time…
Q: For an open economy: with no depreciation, GNP=GDP. imports are included in the…
A: When talking about the national income, it is classified as gross domestic product and gross…
Q: Employers can try solving the adverse selection problem and motivate the employees to work harder by…
A: At the marketplace, the problem of adverse selection arises when any of the trading parties, such as…
Q: The economist for the ABC Truck Manufacturing Corporation has calculated a production function for…
A: Production function: Q = 1.3 (L0.75) (K0.3) Where Q is the number of trucks produced per week L is…
Q: 1.) Consider the market for plastic grocery store bags. Suppose that demand for these bags is given…
A: Deadweight loss of operating freely in competitive market is the amount of welfare lost due to…
Q: 11. In which market structure will a firm choose to stay in business (i.e. not shut down) when P<AVC…
A:
Q: Assume England and Chad can both produce grain and dates, and that the only limited resource is the…
A: Absolute advantage: when a country has more marginal productivity than other country. Comparative…
Q: 17. Suppose that the Cuban economy is a closed one (ie X = M = 0). In 2016, the US government…
A: Here, it is given that the Cuba economy was a closed economy and it started making trade with US in…
Q: what is the 3 benefit adopting a single currency ?
A: The measure that depicts the rate of one currency being measured in terms of another currency is…
Q: Is globalization and open economy is still the best way for USA economy?
A: Globalization and an open economy are still the greatest strategies to grow the economy in the…
Q: The payments that go into the trust fund for Social Security and Medicare come a) equally from…
A: The trust fund is a private legal arrangement where assets are held for benefiting the trust…
Q: When the economy of a country is operating close to its full capacity unemployment is close to zero.…
A: The correct option is cyclical unemployment is close to zero. Cyclical unemployment is a type of…
Q: Problem 1. Consider the following hypothetical pooled cross-sectional data of dail; COVID-19 cases…
A: The basic Difference in Differences (DiD or DD) approach entails comparing data from two groups over…
Q: 7. Depreciation is necessary to calculate: * O Net financial position O None of the above О Тах O…
A: Depreciation is used to allocate the cost of a tangible asset over its useful life. Depreciation…
Q: Refer to the figure below to answer the questions that follow. Surplus G Deficit GDP, GDP, GDP, Real…
A: Budget Deficit refers to the excess of government expenditure over government receipts. Budget…
Q: 2. Given a particular budget, if Mrs. Bain would like to maximize her utility from days of horseback…
A: IC (Indifference curve) shows the different agreement of two commodities between which a consumer is…
Q: Which of the following is true about neglected tropical diseases? Though they impact billions of…
A: NTDs (neglected tropical diseases) are a category of 20 diseases that are typically found in…
Q: - production function is given by: Q (K.L) min ven this production technology, returns to scale…
A: Return to scale depicts relationship between the input and output. Return to scale can be increasing…
Q: 1. Let r, s > 0 be interest rates. Below is a calendar of May 2022 which describes an interest rate…
A: * SOLUTION :- Given that ,
Q: What is the difference between disposable income and discretionary income?
A: In economics, income is defined as the factor payment given to laborers for the factors services…
Q: In general, the sacrifice ratio is smaller, the... O a. Shorter it takes to revise inflationary…
A: In economics, the sacrifice ratio is used to explains the cost of reducing inflation in terms of a…
Q: 4.The following table shows that the united states and England produced wheat and corn quantities in…
A: Answer -
Q: A firm has the following production fundion: q =min{K, 10L). where q denotes output, K denotes…
A: Part (a): q = min {K,10L} q = K = 10L Therefore equation 1 is K =q and equation 2 is q/10 =L Total…
Q: According to the neoclassical growth model: A. The equilibrium growth rate can never change B.…
A: The neoclassical growth model explains how labor, capital and technology can results into steady…
Q: Australian money market and the foreign exchange market
A: Open market- Interest parity condition i = I* + (Ee - E)/E i = interest rate on domestic currency…
Q: Consider the two-period household-maximization model discussed in class. The model is modified in…
A: Representative household refers to the unit of households representing the entire economy. This…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- 1Why low rate inflation is considered necessary for economic grwoth? Oa It does not affect the purchasing power of wages Ob. It indicates that the currency is in continuous demand by the people Oc taffects only the rich and not the poor Od itact as an incentive to boost in supply in the economy 2When the economy is in Keynesian macroeconomic equilibrium, planned investment is greater than actual investment. O a False O b. True 3Government fixes the floor and ceiling price which will not allow the producers to increase the price on their wish, this is a type of. O a Physical control called price pegging O b. Monetary policy control measures O. Physical control called price tagging Od. Fiscal policy control measures O e None 4Rising output coupled with falling prices is called stagflation O a. False O b. True 5The Value of marginal propensity to consume lies O a. O to 1 O b. Less than zero Oc -1 to 1 Od. Between O to 1 6The Central Bank way to control inflation is Oa Monetary policy…Startung trom keng run eaillium, itA suditen decrease en houtetd weath cnes a n AD thw coramy wiperience OA the same lee of pnces nd iower real GOP in the short run O higher pnces and lower real ODP the short. nn Oe. lower prles and lwe mal GOPhe shortrun a krwer ces and the same level of oDP n me shot runSuppose that gowth nd unemployment were at satisactorylevels What target would be The interest rate. Thente o growth f he money stock |The curent nflaton rate. |The expected infaton ratein two yeas time.
- Congratulationst You have been appointed an economic policy adviser to the United States, You are told that the economy is significantly abowe futtemplyoment GDP. Based on this inlormation, how can the economy would adjust to reach LR.SR Equilbrium (Classical View)? The economy wilt experience low unemployment rate, pushing wages up, and increasing the pelces of a key input (labor). shatting the sAS to the left (up). The economy will experience high unemployment rate, pushing wages down, and reducing the prices of a key input (labor). shiting the SAS to the right (down). The econoriny wil experience low unemployment rate, decreasing inceme, which will eventually shift the AD to the left. The eooncmy will experience low unemployment rate, pushing wages up, and increasing the prices of a key input (labor), shiting the sAs to the night (down).Economics How are aggregate output and the real interest rate determined in compettive egulbum? OA The aggregate oulput can be found by multiplying current employment by current real wage at the intesection of the current labour supply and demand curves, given the raal inderest rate. and ssubtracting the level of investment in the economy OB. Cument aggregata output and the real interest rate are determined by the intersection of the output supoly and demand ouves OC. Cunent aggregate output can be found by finding current employment from the intersection of the current labour supply and domand ourves given the real interest rate and aocounting tor total tactor productivity OD. The real interest rate is determined by the slope of the output supply curve at a given level of aggregate outputqiven the following aggregeete demand (mD) and Veiggregaté suppry Sns sahedules, ck$ Price level SA) sahedules. Real GDP benan ded Real GDP SUPPPIZED- -Short Ryn 70 80 90 450 400 350 350 400 450 500 100 300 110 250 550 4 potential RGAP is 450 units of us$. a) íf re Aemand Inereases by Us$100. Draw show the new equilibrium Valaues on the Same and graphandfund the new equilisrium. Give possible e this inerease in AD. seplanation for 1alrease in AD. One
- QUESTION 21 A E В Time In the accompanying diagram, which phase of the business cycle would be most closely associated with an economic contraction? O a.B Ob.A O.D Od.C Level of Business ActivityAssume that a Cob-Dougls production functionis a god representaion of the economy, the substitution efecti stronger than the income efect an tht the economy was intaly at quirum. Suppose that Congress pases alaw that requires al orersto retre at g 72, nstead of 6. Hthe wage is fexble, what il happent uirium outpu? The equilbrium output level wi ncrease OThe euirium outut eve wil derese ( The equilibrium output level will emain constant Not enough information i gven to detemine the answer3:35 PM O ll al a 59 % f H.W2.pdf Sx. The mantaly conumpthie Values for rice are Use below:- July Sept. Oct. Nov. June Aug. 28.65 7.85 13.45 21.60 24.30 14.70 Cm Cm Cm Cm Cm Determin the seasonal The consumptive use, The average montaly Consumptive use and average dzily comsumptive use, the beak monthly consumptive use.