09/17/22

How do you tell between input vs. output for absolute advantage

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11/13/21

5.03B THANK YOU!
Assume the economy is experiencing low and stable inflation, averaging 2% a year. Nadia loans her good friend Brett $12,000 to buy a car. Nadia and Brett agreed that he would repay the loan over... more
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10/22/21

economy questions
By convention, a price elasticity of demand of 5 indicates that a 1% increase in price leads to a in the quantity demanded. (Answer is e, but I want to know why it's the answer)a) 0.2% decreaseb)... more
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02/05/21

A negative supply shock will
a. Shift the Phillips Curve to the leftb. Shift the money supply curve to the leftc. Shift the Phillips Curve to the rightd. Shift the investment demand curve to the righte. Shift the money demand... more
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12/17/20

The more elastic the demand for a good, the more incidence of an excise tax can be shifted to the consumer.
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10/28/20

Problem-Solving
Assume an open, mixed economy. That is, foreign trade is part of the economy, and the economy includes both a public (government) and a private (consumers and businesses) sector. Given this,... more
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10/03/20

True or False question
TRUE OR FALSE-If the government imposes a price ceiling on a particular good that is too low, then the likely outcome of this action will be the surplus of this good on the market. On the other... more
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09/07/20

Expansionary monetary policies
Logically explain how expansionary monetary and fiscal policies help in avoiding recession
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03/19/20

Below are some examples of people participating in activities that may or may not affect GDP. For each, indicate whether the activity affects GDP positively, negatively, or not at all.
(positive, negative, no effect) Mary cleans her house.(positive, negative, no effect)  Mary hires someone to clean her house.(positive, negative, no effect)  Jim sells cocaine on the black market... more
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12/16/19

Need help with some questions please!
assume macro equilibrium occurs along the short-run regions of the aggregate supply curve. When aggregate demand increases, unemployment:a. Decreases and the price level decreasesb. Decreases and... more
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12/12/19

Why are externalities considered market failures?
Why are externalities considered market failures?a.     They are economically inefficient b.     They are unethicalc.     They cause prices to not reflect the social cost of... more
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11/16/19

Macroeconomics cour
If the minimum wage is higher than the prevailing market wage, it becomes a binding ___________________  (A)  . While many people want to work for a higher wage, fewer employers want to hire them,... more
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11/15/19

If the marginal propensity to consume is 6.5 what is the marginal propensity to save?
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10/17/19

Explain the Government Spending & Taxing Multiplier using MPC & MPS
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10/17/19

Explain how Fiscal Policy causes Crowding-Out using an AD/AS graph & the Loanable Funds Graph
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02/26/19

Inferior Goods and Economics
What would happen to the new resulting equilibrium price and quantity of Ramen noodles (an inferior good), if incomes for US workers fell by 8% over the next two years?
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11/07/17

Under perfect competition demand curves are upward sloping in many markets
Economy perfect competition demand
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06/25/17

Microeconomics: Economic Profits
1. Assume ABC Company produces 20 units of output in a purely competitive market and selling it at $10 per unit. Its total fixed costs are $100, and its average variable costs are $3 at 20 units of... more
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05/21/17

Which of the following explains economics as it is, not as it should be
Macroeconomic, positive economics, normative economics, or microeconomic. I just need to know which one of these is the correct answer and that's about it. Thank you
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01/31/17

A product has a price elasticity of demand of 0.6, which means that:
A product has a price elasticity of demand of 0.6, which means that:1)Total revenue falls when the price increases.2)Revenue is unaffected by price changes.3)Total revenue increases when the price... more
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04/17/16

If the MPC is 0.75 and investment spending increased by $20 billion, then the increase in GDP will be $
If the MPC is 0.75 and investment spending increased by $20 billion, then the increase in GDP will be $
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04/17/16

GDP to increase by $160 billion. If the MPC is 0.80, to reach the President’s goal government spending must increase by $
Assume you are an economist working on the President’s Council of Economic Advisors. The President wants the U.S. GDP to increase by $160 billion. If the MPC is 0.80, to reach the President’s goal... more
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03/24/16

Economics Question
If gross domestic product increases by 10 percent over a year, are we better off? Why or why not   Looking for some ideas on my Econ paper.   Thanks
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03/14/16

the interest rate in the market for loanable funds is the return firms get on investment
economics
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09/28/15

Janet Smith deposist $1,000 of her cash holdings into her checking account at First Federal Bank.
(continued) The reserve requirement oils 20% ad the bank has no excess reserves. (The money multiplier is 5)   A. What is the immediate effect of her deposit on the money supply? Explain... more
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