What are the major factors causing a shift in aggregate demand (inward or outward)?  What are the major factors that will affect short-run aggregate supply?  Long-run aggregate supply?

Q: A perfectly competitive, profit maximizing firm earns zero economic profit in the long run. The firm...

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Q: Suppose that in 2003, 995 workers were employed in the public sector, 691 of which were unionized. A...

A: The correct answer is given in the second step.

Q: Refer to the information provided in Table Table Aggregate Output Aggregate Consumption Planned Inve...

A: The portion of each of the additional extra income of a household that is being spent or consumed is...

Q: Profesör Çabuk homotetik bir fonksiyonu γ’ıncı dereceden homojen bir fonksiyonun monotonik artan bir...

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Q: 3. Consider the utility function u(x, y) = - (v41) (a) Find the equation for the marginal utility fo...

A: Answer-

Q: Consider a competitive, price-taking firm that employs only one variable input, labor, to produce a...

A: Given: Total Fixed Cost = $500 Wage rate = $24 per unit Price = $14 per unit 

Q: Question 1 A student club wants to raise just enough income to cover its costs. Its income comes par...

A: Economists use the term "demand" to define how much of a product or service people are willing and a...

Q: If P=20000 then (F/P8%,7)=?

A: Given that: Present Value (P) = 20000Rate of Interest (r) = 8% or 0.08Time (n) = 7 To find: Future V...

Q: The owner of a local bakery shop observes that when he increases the price of Italian bread, his tot...

A: Relationship among price, total revenue, and price elasticity.  If there is an indirect relationshi...

Q: What are the consequences of reduced publicfunding?

A: Public funds are collected through the public by means of taxes, interests, fees, etc. These funds a...

Q: Using a standard normal distribution (mean=0, sd=1), calculate the following. (Answers in percentage...

A: A normal distribution with mean =0, and standard deviation =1 is called a standard normal distributi...

Q: Over the last 10 years the Federal Reserve has substantially changed the way it operates. What is d...

A: Fed The Federal Reserve System (FRS), sometimes known as the Fed, is the United States' central bank...

Q: In the context of the monetary approach to the determination of the exchange rate, what is the effec...

A: A money supply curve is the supply of currency in an economy. The supply of money depends upon the i...

Q: Many economists believe that some wages and prices are "sticky downward" , meaning that these wages ...

A: Answer -

Q: . A perfectly competitive, profit maximizing firm earns zero economic profit in the long run. The fi...

A: The information given in question is:- The total cost curve is:- TC = a + bQ² Using only this cost c...

Q: 16.) Suppose that a demand curve passes through the points (4,$4.00) and (8,$2.00). What is the pric...

A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...

Q: If the marginal cost MC = 5+4Q , and the fixed cost is %3| 4, what is the total cost function?

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Q: Exports of goods and services 1,872 Imports of goods and services 2,375 Net unilateral transfers -99...

A: The Balance of Payment(BOP) is the statement that shows the international transactions of any countr...

Q: A perfectly competitive, profit maximizing firm earns zero economic profit in the long run. The firm...

A:

Q: For each situation, identify if it is included in GDP, then identify the category C, I, G, or X-M $2...

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question spec...

Q: You are the economic advisor of the ruler of Pongo.  Suppose the people in the country of Pongo love...

A: Answer -

Q: Demand for final consumption arises in Household sector only

A: To find : When do demand for final consumption arises. 

Q: If the United States introduces universal child care, what will likely happen to GDP? Explain fully ...

A: Universal child care is the provision of child care facilities like health care, education, nutritio...

Q: Given that marginal propensity to save (MPS) is 0.5, what is the multiplier? 4 5 0.5

A: According to the question, marginal propensity to save i.e. MPS is 0.5. Formula for multiplier is 1M...

Q: A farmer selling eggs at 50 pesos a dozen gains 20%. If he sells the eggs at the same price after th...

A: Let's assume 1 egg is sold at a price of 50 pesos. Revenue = Quantity of egg * Price of egg => Re...

Q: Which of the following statements is true? According to Okun's law: Select one or more: a. unemploym...

A: In general, Okun's law states that as unemployment decreases, a country's productivity rises. 

Q: A Chinese etie tys en autonutile produced in Japari tya Caaden company What aopen resu Select one O ...

A: The rate that depicts at which one currency is being measured in terms of another currency is known ...

Q: Externalities A) can be either benefits or costs.

A: Externalities Externalities are generally the consequences of the action of a producer to nearby par...

Q: If demand for the peach industry is given by P=100-.04Q and supply is given by P=.01Q.Assume the mar...

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Q: 6. We have the production function, Q= fl K,L). Factor prices are r and w respectively and the produ...

A: Here, we have Production function, Q=f(K,L) Rental rate of a unit of capital is given by r which is ...

Q: Give ways/ideas that the international community can establish to boost women’s empowerment in decis...

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Q: what step should BC government take to support students who have lost their job due to covid 19.( ex...

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Q: This is another all-or-nothing question. In a supply-driven economy, which of the following statemen...

A: The answer is - c. if the economy is closed what is not consumed by household a government invested ...

Q: If the marginal cost MC = 5+4Q , and the fixed cost is 4, what is the total cost function?

A: As per question, marginal cost MC= 5+4Q and fixed cost is 4. Taking integral (with respect to Q) of ...

Q: In 2021 the European Union has been developing as: O Free trade area but not customs union Customs u...

A: In 2021 the European Union has been developing as : Ans- Non of the above (D)

Q: 6. "You might as well say that the unemployment rate would be zero if everyone just quit looking for...

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Q: Explain the concept of the rules of origin in regional and international trade

A: Rules of origin are the rules expected to decide the public source of an item. Their significance is...

Q: Developing countries like China and India start promoting investment. Use the Mundell-Fleming model ...

A: The great degree of integration or connectivity among financial or capital markets is one of the mos...

Q: 4

A: Market in deflation or recession The contradictory phase in economy a situation happens when there i...

Q: In how many ways can I make a necklace with 5 beads if the beads can each be of one of 3 different c...

A: Beads required in necklace = 5 Number of beads available = 3 With replacement Each of the five posit...

Q: The demand for labor is L= 4000 - 300w, where L is the number of workers demanded and w is the hourl...

A: Labor Demand : Ld=4000-300w Labor Supply : Ls=200w Equilibrium wage=$8 Equilibrium quantity of labor...

Q: Consider the following IS-LM model set up C = 300 + 0.8(Y − 2500) I = 3500 − 400(r) G = 3000 T = 250...

A: IS LM model shows the shows the both goods and money market in equilibrium simultaneously. Each and ...

Q: 3. Assume that you are an economic consultant. The firm that hired you has provided the information ...

A: Here, the information related to price, quantity and cost of a  firm is given by the economic consul...

Q: How is a downward-sloping demand curve related to total revenue and marginal revenue?

A: The demand for a commodity is always related to the price of a commodity because when the price of c...

Q: 25.)A binding price ceiling is imposed in the market. the equilibrium price and creates a a.) Above,...

A: The ceiling which depicts the maximum amount at which products or services could be sold in the mark...

Q: The goal of this question is to have you use a model to determine the socially optimal provision of ...

A: Introduction 1 free to air signal is a public good or not? yes it is a public good. 2 If free to air...

Q: What is the difference between the explicit and implicit cost

A: Cost In popular use, cost refers to the monetary worth of products and services purchased by produce...

Q: This is an "all-or-nothing" question: if you do not mark all the correct answers, or mark any incorr...

A: Answer is given below

Q: 28. Under which market structure, average revenue of a firm is equal to its marginal revenue

A: Answer is given below

Q: R-61 [Review Question] I. F=A(F/A, 1%, 6) II. F=A(F/A, 1%, 5)(P/F, 1%, 1) III. F=A(P/A, 1%, 5)(F/P, ...

A: Given information: Annuity = A Years = 6 Interest rate = %