Economics

An economy has 2 types of workers: high quality workers and low quality ones. Th

An economy has 2 types of workers: high quality workers and low quality ones. There are 20 of the ?rst type and 30 of the latter. Their respective marginal productivity are 15 and…

An economy has a break-even point of 3,000. For every additional dollar earned b

An economy has a break-even point of 3,000. For every additional dollar earned by households, they spend 80 cents. Government purchases $596 in goods and services and also spends …

An economy has a break-even point of 3,000. For every additional dollar earned b

An economy has a break-even point of 3,000. For every additional dollar earned by households, they spend 80 cents. Government purchases $596 in goods and services and also spends …

An economy has a break-even point of 3,000. For every additional dollar earned b

An economy has a break-even point of 3,000. For every additional dollar earned by households, they spend 80 cents. Government purchases $596 in goods and services and also spends …

An economy has a marginal propensity to consume of 0.6, real GDP equals $500 bil

An economy has a marginal propensity to consume of 0.6, real GDP equals $500 billion, and the government collects 20% of GDP in taxes. If government purchasesincrease by $10 billi…

An economy has a per-capita production function y= AK^a h^1-a, Where A and are f

An economy has a per-capita production function y= AK^a h^1-a, Where A and are fixed parameters, y is per-worker output, k It is the capital-labor ratio, and h It is the human cap…

An economy has full-employment output of 1000. Desired consumption and desired i

An economy has full-employment output of 1000. Desired consumption and desired investment are Cd = 200 + 0.8(Y - T) - 500r; Id = 200 - 50Or. Government purchases are 196, and taxe…

An economy has the following AD and AS (with misperceptions) curves: AD curve: Y

An economy has the following AD and AS (with misperceptions) curves: AD curve: Y =G+30(M/P) AS curve: Y =Y +10(P -Pe) Suppose initially Y = 500; G = 260 and M = 480: (a) Suppose t…

An economy has the following AD and AS curves. AD curve: Y = 300 + 30(M/P) AS cu

An economy has the following AD and AS curves. AD curve: Y = 300 + 30(M/P) AS curve: Y = .Y^bar + 10(P - P^bar) Assume Y^bar = 500 and M = 400. Suppose P^e = 60. The equilibrium v…

An economy has the following Money demand function: (M/P)^d=4y/i^5 . Where i is

An economy has the following Money demand function: (M/P)^d=4y/i^5 . Where i is the nominal interest rate. Derive an expression for the velocity of money. What does it depend on? …

An economy has the following Money demand function: (M/P)d= .4Y/i^.5 . Where i i

An economy has the following Money demand function: (M/P)d= .4Y/i^.5 . Where i is the nominal interest rate. a. Derive an expression for the velocity of money. What does it depend…

An economy has the following Production Possibilities Schedule: Consumer Goods P

An economy has the following Production Possibilities Schedule:                                     Consumer Goods                     Producer Goods             0                …

An economy has the following equation for the Phillips curve: = E 0.5(u 6) Peopl

An economy has the following equation for the Phillips curve: = E 0.5(u 6) People form expectations of inflation by taking a weighted average of the previous two years of inflatio…

An economy has two types of jobs, Good and Bad, and two types of workers, Qualif

An economy has two types of jobs, Good and Bad, and two types of workers, Qualified and Unqualified. The population consists of 40% Qualified and 60% Unqualified. In a Bad job, ei…

An economy has zero net exports. Otherwise, it is identical to the economy descr

An economy has zero net exports. Otherwise, it is identical to the economy described below. C = 60 + 0.75 (Y – T) I p = 100 G = 150 NX = 0 T = 180 The multiplier in this economy i…

An economy is characterized by the following behavioral equations: C = 100 + .5

An economy is characterized by the following behavioral equations: C = 100 + .5 Y D I = 50 + .1 Y G = 100 T = .2 Y Solve for each of the following at equilibrium. Show your calcul…

An economy is characterized by the following behavioral equations: C = 100 + .5

An economy is characterized by the following behavioral equations: C = 100 + .5 Y D I = 100 + .1 Y – 500 i G = 100 T = .2 Y The public holds one-third of its money in currency (c …

An economy is currently made up of a firm that produces bread, a firm that produ

An economy is currently made up of a firm that produces bread, a firm that produces butter, and a consumer who consumes both bread and butter. Current production is 100 units of b…

An economy is currently made up of a firm that produces bread, a firm that produ

An economy is currently made up of a firm that produces bread, a firm that produces butter, and a consumer who consumes both bread and butter. Current production is 100 units of b…

An economy is currently made up of a firm that produces bread, a firm that produ

An economy is currently made up of a firm that produces bread, a firm that produces butter, and a consumer who consumes both bread and butter. Current production is 100 units of b…

An economy is currently made up of a firm that produces bread, a firm that produ

An economy is currently made up of a firm that produces bread, a firm that produces butter, and a consumer who consumes both bread and butter. Current production is 100 units of b…

An economy is described by the following equations 1,500+0.5(Y-T) 1000 1,600 200

An economy is described by the following equations 1,500+0.5(Y-T) 1000 1,600 200 1,600 9,100 NX Y. The multiplier for this economy is 2 Find the effect on short-run equilibrium ou…

An economy is described by the following equations: = 1,500 + 0.9 ( Y – T ) = 10

An economy is described by the following equations: = 1,500 + 0.9 (Y – T) = 1000 = 1,500 = 100 = 1,500 = 29,000 a. Find a numerical equation linking planned aggregate expenditure …

An economy is described by the following equations: = 2,600 + 0.8 ( Y – T ) – 10

An economy is described by the following equations: = 2,600 + 0.8 (Y – T) – 10,000r = 1,800 = 100 = 3,150    The real interest rate, expressed as a decimal, is 0.10 (that is, 10 p…

An economy is described by the following equations: = 80 + 0.75 ( Y – T ) = 100

An economy is described by the following equations: = 80 + 0.75 (Y – T) = 100 = 150 = 30 = 180 = 840 The multiplier in this economy is 4. a. Find a numerical equation relating pla…

An economy is described by the following equations: AD: Y = 4000 + 2(M/P) SRAS:

An economy is described by the following equations: AD: Y = 4000 + 2(M/P) SRAS: Y = Y^bar + 100 (P-P^e) Okun's law: (Y-Y^bar)/Y^bar) = -2 (u-u^bar). Assume Y^bar = 6000 and u^bar …

An economy is facing high unemployment but stable prices. Which combination of g

An economy is facing high unemployment but stable prices. Which combination of government policies is most likely to reduce unemployment? A. The purchase of government securities …

An economy is in a below full-employment equilibrium. Fiscal stimulus that retur

An economy is in a below full-employment equilibrium. Fiscal stimulus that returns the economy to full employmentaggregate demand and real GDP, and the price level O A. increases;…

An economy is in long-run macroeconomic equilibrium when each of the following a

An economy is in long-run macroeconomic equilibrium when each of the following aggregate demand shocks occurs. What kind of gap—inflationary or recessionary—will theeconomy face a…

An economy is initiaity at full employment, but a decrease in planned Investment

An economy is initiaity at full employment, but a decrease in planned Investment spending (a component of autonomous expenditure) pushes the economy into recession Assume that the…

An economy is inlong-run macroeconomic equilibrium when each of the followingagg

An economy is inlong-run macroeconomic equilibrium when each of the followingaggregate demand shocks occurs. What kind of gap—inflationaryor recessionary—will the economy face aft…

An economy is operating with output $400 billion below its natural rate, and fis

An economy is operating with output $400 billion below its natural rate, and fiscal policymakers want to close this recessionary gap. The central bank agrees to adjust the money s…

An economy is said to be using its resources efficiently if it is not possible t

An economy is said to be using its resources efficiently if it is not possible to produce more of one good without producing less of another If the US imposes a tariff on imports …

An economy produces three goods, medical care, military services and clothing. A

An economy produces three goods, medical care, military services and clothing. All goods and services employ labor and land to produce their products. Both medical care and milita…

An economy with no population and no technology growth is at its steady state. I

An economy with no population and no technology growth is at its steady state. If the savings rate increases this will lead to O higher consumption per worker in the long run high…

An economy with two people (Frank and call)is endowed with L= 400 acres of ranch

An economy with two people (Frank and call)is endowed with L= 400 acres of ranch land and produces a herd of x cattle per year Frank is the better rancher: what allotment of ranch…

An economy with zero net exports is described below :40 + 0.8 (Y-7) 120 NX 150 T

An economy with zero net exports is described below :40 + 0.8 (Y-7) 120 NX 150 The multiplier in this economy is 5 a. Find short-run equilibrium output. Instruction: Enter your re…

An economy’s AD curve is described by the following equation: Y = 13,400 — 20,00

An economy’s AD curve is described by the following equation: Y = 13,400 — 20,000formula25.mml, where Y is output and formula25.mml is inflation (measured as a decimal). Initially…

An effective price ceiling on gasoline means that Answer long lines occur at gas

An effective price ceiling on gasoline means that Answer long lines occur at gas stations. the lines at gas stations will disappear. people will quit driving. people will be able …

An efficiency loss (or dead weight loss) declines in size when a unit of output

An efficiency loss (or dead weight loss) declines in size when a unit of output is produced for which ? (A) a marginal cost exceeds marginal benefit (B) maxium willingness to pay …

An elderly physician has built up his own practice into a quite valuable busines

An elderly physician has built up his own practice into a quite valuable business. Now that he is thinking of retiring, he wants to take on a partner to learn the business and eve…

An electric board manufacturing company has to choose one of three different pro

An electric board manufacturing company has to choose one of three different production lines A will have a first cost of $120,000, an anmu operating cost of $16,000, and a servic…

An electric company currently has an oil-fired power plant, and spends $25,000,0

An electric company currently has an oil-fired power plant, and spends $25,000,000 per year on oil. Moreover, the price of oil is expected to increase at a rate of 10% per year. B…

An electric switch manufacturing company has to choose one of the three differen

An electric switch manufacturing company has to choose one of the three different assembly methods. Method A will have a first cost of $40,000, an annual operating cost of 9,000 a…

An electric switch manufacturing company is trying to decide between three diffe

An electric switch manufacturing company is trying to decide between three different assembly methods. Method A has an estimated first cost of $36,000, an annual operating cost (A…

An electric switch manufacturing company is trying to decide between three diffe

An electric switch manufacturing company is trying to decide between three different assembly methods. Method A has an estimated first cost of $46,000, an annual operating cost (A…

An electric switch manufacturing company is trying to decide between three diffe

An electric switch manufacturing company is trying to decide between three different assembly methods. Method A has an estimated first cost of $46,000, an annual operating cost (A…

An electric utility company is considering a re-engineering of amajor hydroelect

An electric utility company is considering a re-engineering of amajor hydroelectric facility. The project would yield greatercapacity and lower cost per kilowatt-hour of power. As…

An electric utility in Massachusetts is considering installing a wind-farm invol

An electric utility in Massachusetts is considering installing a wind-farm involving 100 electricity-generating wind turbines placed 1/2 mile off-shore. The local regulators are c…

An electric utility uses natural gas as fuel for a large multi-unit power plant.

An electric utility uses natural gas as fuel for a large multi-unit power plant. With all units in-service, for a given hour the plant's fixed cost is $120,000 and its variable co…