Q: one argument in favor and one against school vouchers
A: A school voucher is a government-issued certificate. It allows parents to pay for their children's…
Q: PLEASE ANSWER A The Market for Chicken Meat in Davao City a. Fill in the missing algebraic…
A: Given; Q = quantity of chicken meat in kilograms, per dayPC = price of chicken meat (in pesos per…
Q: The Federal Reserve System's Board of Governors and the Federal Government both maintained…
A:
Q: A typical consumer in Lykesville has a market basket consisting of 4 strawberries, 9 grapefruits,…
A: A price index is a normalized average of price relatives for a given class of goods or services in a…
Q: Microeconomics Jon quit his job as a manager at West End Savings bank where he earned $112,000 a…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Find the equilibrium prices and quantities for the two good market demand and supply equations. Qai…
A: In this question, Qd1=263-33P1 +263 P₂ Qd2=169 +19P1-37P2 Qs1 = -71 +45P1 Qs2=-68+35P2
Q: Using the IS/LM and AS/AD models, describe graphically and in simple English the long-term effects…
A:
Q: Explain the methods of GDP counting (measuring)! Explain potential GDP!
A: GDP stands for Gross Domestic Product.
Q: Suppose that if you purchase a share of SuperCo, you will receive an annual dividend of $2.59 next…
A: Answer; Given Annual Dividend= $ 2.59 Approprate Discount Rate = 6.75% 0r 0.0675…
Q: The characteristic of money as a store of value implies: a. Money will remain valuable from one day…
A: There are four functions of money: medium of exchange, store of value, standard of deferred…
Q: Current GDP increases relative to potential GDP if and only if aggregate demand exceeds current GDP?
A: The output gap is defined as the difference between real GDP and potential GDP. When the production…
Q: How are the following prices determined and what do theyhave in common?a. admission to a local…
A: The price of a product is the amount of money that must be paid in order to obtain it. Price is a…
Q: 1- Explain briefly perfect market cond:
A: There are four types of market structures in economics: (1) perfect competition, (2) pure monopoly,…
Q: Identify which of the following are common functions of the Central Bank: I. Supervising the Stock…
A: Central bank is a public organization that manages money supply in the economy.
Q: Question 6 Suppose that a firm currently sells its product at a price of P = 30. The firm has…
A: Answer;
Q: Consider a perfectly competitive firm with the following production function: q=L025K0.25 a. Solve…
A: We have cost of labor = w and Cost of capital = r
Q: According to efficiency wage theory, what is NOT a reason that companies want to pay an efficiency…
A: Efficiency wage theory says that firms pay workers above competitive wage.
Q: Find the book value of machine purchased 2 years ago for P20,000 if it is depreciated using sum of…
A: Economic depreciation is a proportion of the lessening in the market worth of a resource after some…
Q: The market position of Easy-Freeze Dinners shows that competition is heavy, though marginal…
A: Here, it is given that the market of Easy-Freeze Dinner is highly competitive, but some or marginal…
Q: Let’s consider the AS/AD model. Furthermore, assume two events happen at the same time: government…
A: AD-AS model determines equilibrium GDP and price level in the economy
Q: Which of the following goods would be included in the calculation c gross domestic product? Steel…
A: Gross domestic product (GDP) measures the market value of final goods and services produced by an…
Q: Perfectly competitive industries are characterized by: few sellers and many buyers.…
A: Meaning of Market: The term market refers to the situation under which the producers or the…
Q: b) You are given the following demand and supply functions Qd = 10 -0.3 P Qs = -2 + 0.9 P demand…
A: At equilibrium: Quantity demand = Quantity Supplied Producer's surplus formula: PxQ - ∫0Qsupply…
Q: Real GDP is $16 trillion and aggregate planned expenditure is $17 trillion. As a result, unplanned…
A: Real GDP is the value of final goods and services produced in the economy within a given period of…
Q: 3. Please name three commercial banks. Why do banks need to hold sufficient capital and reserves?
A: A commercial bank is a financial institution that handles all deposit and withdrawal transactions…
Q: Assume two countries (US and Germany) are facing the decision of whether to participate in the Paris…
A: A dominant strategy is a strategy that the player will always choose irrespective of what the other…
Q: Despite the five potential different levels of regional integration, the free trade area seem…
A: The complexity of rules grows in tandem with the extent of economic integration.Importers and…
Q: Write the answers to the following questions on the answer sheet. (You must show your work.) 1. List…
A: The correct answer is given in the second step.
Q: The government is more likely to allow a horizontal merger between two firms if the merger is…
A: Horizontal merger occurs where the similar types of firms tend to merge.
Q: The accompanying table gives cost data for a firm that is selling in a purely competitive market. If…
A: In perfectly competitive market, price is constant at all levels of output so it is equal to…
Q: A hypothetical wind turbine takes one year to build and costs 1.5 million TL. The operating and…
A: Given, Initial Investment : 1,500O&M : 100O&M Growth rate : 2%Annual Fuel Cost : Annual…
Q: Discuss the relationship of price to consumerperceptions of quality.
A: Customer perception is important in many areas, including customer understanding, communications and…
Q: Suppose that you are interested in determining the average height of a person in a large city. You…
A: Standard deviation is a proportion of how much variety or scattering of a bunch of values. A low…
Q: Explain the difference in market power between perfectly competitive firms and monopolistically…
A: Answer to the question is as follows:
Q: Suppose the Fed wants to set the real interest rate 1 percentage point lower than the inflation…
A: Schedule for inflation and real interest rates based on Fed targets -
Q: A motorcycle can be purchased for $8700 or leased for a down payment of $600 and $280 per month.…
A: Purchase price of motor cycle = $8700 Leased for a down payment of $600 and $280 per month…
Q: Apply incremental B/C analysis at an interest rate of 8% per year to determine which alternative…
A: here we calculate the benefit cost ratio of the given information , and choose the best alternative…
Q: A manufacturing plant wishes to buy a new equipment so the purchasing department did some research…
A: Given that; A company is considering two types of equipment for its manufacturing plant.
Q: QUEST IONS FOR REVIEW 1. What are the inside lag and the outside lag? Which has the longer inside…
A: "Since you have posted a multiple questions ,we will solve first question for you.If you want…
Q: Figure: Monopoly Profits 2 18 16 14 12 10 8. 6. MC - AC MR 20 40 60 80 100 120 140 160 180 Q What is…
A: Answer; Option (a) is correct
Q: Assume you have purchased a $15,000 car. The salesperson has offered you a mainenance contract…
A: The car is purchased for $15,000 along with $750 as a three year repair contract with exclusions.…
Q: How much money be invested today in order to withdraw P1500 per year at the end of each year for 8…
A: Given :Number of Periods/Years (n) = 8Rate of Interest (r) =8%Regular Withdrawal (A) = $ 1500 PV =…
Q: What type of open market operation is expansionary? (Is it a purchase or sale of bonds?)
A: Open market operations refer to purchase and sale of bonds
Q: private domestic savings = $1220, the trade deficit = $90. Find private %3D %3D
A: Gross private domestic investment, or GPDI, is a measure of the amount of money that domestic…
Q: When advertising increases brand loyalty for your company's brand, then the company's demand curve…
A: Brand loyalty means that if other new brands enter the market then also I will choose to buy this…
Q: 3. Using diagrams, show the distribution of the tax burden on consumers and producers with i.…
A: The elasticity of demand is the reaction of demand due to change in price of goods and services,…
Q: a. Calculate the cross-price elasticity of demand for porridge oats and milk sold in a supermarket…
A: Here, given information is: Initial price of porridge oats: $150 Final price of porridge oats: $210…
Q: One method of lowering peak demand of a scarce resource is to delay a noncritical activity. This…
A: The process of lowering the peak demand of a scarce resource for delaying non critical activity is…
Q: Externalities refers to a cost or benefit imposed on a third party that is not involved in a market…
A: Two examples of positive externalities are: 1)If an individual quits smoking then it benefits the…
Q: QUESTION 5 The Neutrality Acts of the mid 1930s permitted American a. loans to belligerents…
A: 5. Since the United States had always been an isolationist nation, attempting to ignore distant…
Consider a small country with perfect K mobility in full eqm (ISXM-LM-BOP) with a recessionary gap, Y<Y Full Employment, FE.
a. If this country has a fixed e, will an “expenditure switching” policy (what is that?) be able to fix this recessionary gap? Why or why not? Explain and show in the appropriate space. Is sterilization possible?
b. If this country has a flexible e, which macro policy – fiscal policy (FP) or
Step by step
Solved in 3 steps with 2 images
- During the 1930s the U.S. entered the Great Depression. During the Great depression investment fell from a yearly rate of $16.7 billion to $1.7 billion. In 1932, President Hoover increased income taxes. Assume the MPC is .92 C). If the AD shortfall in 1934 was $300 billion, what change in government expenditures on goods and services (G) would you have recommended to restore full-employment? D). If the AD shortfall in 1934 was $300 billion, what change in income/transfer payments would you have recommended ? E). If the AD shortfall in 1934 was $300 billion, what change in income taxes would you have recommended ?What impact would a decrease in the size of the labor force have on GDP and the puce level according to the AD/AS model?Economists expect that as the labor market continues to tighten going into the latter part of 2015 that workers should begin to expect wage increases in 2015 and 2016. Assuming this occurs and it was the only development in the labor market that year, how would this affect the AS curve? What if it was also accompanied by an increase in worker productivity?
- Let's say you are the chair of economic advisors to the president. Assume that the economy, as depicted in an AD/AS framework is at: potential (full employment) output, The intersection of the SRAD, SRAS, and LRAS, all intersect at the level of potential (full employment) output and a corresponding price level ( or an acceptable rate of inflation). The economy's mpc is .75, which is presumed to remain constant. Now, global problems emerge, and the US decided to produce many new fighter jets immediately to the region under duress. The new jets will cost $55 b., and other expenditures by the government cannot be cut. The president is concerned that the new expenditures will create an inflation, but needs to produce the new jets immediately. What policies would you propose, that would enable the country to produce the new jets, without creating an inflation? Use the AD/AS framework to illustrate your answer. Assume any taxes are lump sum taxes. Specify the spending and taxing…The figure below depicts the economy of Altrua, which is presently in equilibrium. Enter your responses below rounded to one decimal place. a. The size of its recessionary gap is $ .b. The size of this gap as a percentage of its actual GDP is %.c. If the natural rate of unemployment is 1%, use Okun’s law to calculate the amount of actual unemployment in Altrua. The actual rate of unemployment is %. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate.Consider a keynesian macromodel Y=(C0+G+I) / (1-c) where C0 is autonomus consumption, G is government consumption expenditure, I is investment expenditure, c is the marginal propensity to consume. In this model, if labor productivity increases while autonomus expenditures and the marginal propensity to consume remain unchanged, what will happen to the level of employment? a. increseas b. can't say for sure c. decreases d. stays the same
- 1. Explain the difference between Keynesian economics and Classical economics by mentioning the complete name of the economist who develops the theory/model. 2. Describe each of the components of the GNP equation and which one you feel can distort GNP the most.INFLATION RATE LRAS AD SRAS REAL GOP GROWTH RATE Suppose a change in fiscal policy causes the AD curve to shift from AD₁ to AD2, as shown above. Which response below would most likely cause that shift? A fall in taxes OR a rise in government spending. A rise in taxes OR a rise in government spending. A rise in taxes OR a fall in government spending. A fall in taxes OR a fall in government spending.3) Using IS-LM, AS-AD and labor market curves, explain a recession caused by a decrease in investment spendings. please. full answer
- Consider a keynesian macromodel Y=(C0+G+I) / (1-c) where C0 is autonomus consumption, G is government consumption expenditure, I is investment expenditure, c is the marginal propensity to consume. In this model, if lthere is an increse in both labor productivity and the marginal propensity to consume while autonomus expenditures remain unchanged, what will happen to the level of employment? a. can't say for sure b. decreses c. stays the same d. increasesWhen an economy is experiencing a recessionary gap, the likely outcome is a) quickly rising output prices. b) an increase in the number of workers receiving employment -insurance benefits. c) the number of employment - insurance recipients being the lowest ever . d) consumers optimistic about the future.If the economy's full employment rate of output is $6.0 trillion, what will happen to the unemployment rate assuming that it will persist into the future? What would happen to the equilibrium level of output/income if there will be an autonomous increase in investment of $250 billion?