If there is a sharp increase in the minimum wage as well as an increase in pessimism about future business conditions, what would we expect to happen in the short run?

Q: Which of the following transactions will be included in GDP for the United States? a. Coca-Cola…

A: GDP or Gross Domestic Product refers to the market value of final goods and services produced in a…

Q: Why are some many countries adopting the western governance systems similar to those found in the…

A: Governance system refers to the system of the government that exists in the country.

Q: Suppose that the rest of the world experiences an economic boom causing an increase in foreign…

A: suppose rest of the world experiences economic boom due to increase in foreign output because…

Q: The figure shows the flows of expenditure and income on Lotus Island in 2016, was 50 billion W was…

A: An expenditure is funds utilized by an organization, business, or corporation to acquire unique…

Q: 2. The demand curve and supply curve for one-year discount bonds with a face value of $900 are…

A: The demand for bonds is given as: Q = -2.5P + 100 ...(1) The supply of bonds is given as: Q = P/2 +…

Q: "Assume that consumers' confidence about their expected future income increases. As a consequence,…

A: Consumer Confidence:- Consumer confidence can be explained as an economic concept that gauges…

Q: LRAS Aggregate Supply Aggregate Demand O Aggregate Demand 0 Aggregate Supply

A: The central bank decreases the money supply by 5%. This shows that the central bank has adopted…

Q: Ben Franklin's gift of $3,000 to New York City grew to $2,000,000 in 200 years. At what interest…

A: Given  Ben Franklin's gift initial value (P)= $3000 Value of gift after 200 years (F) = $2,000,000…

Q: "Suppose that in a closed economy in which Y=Yn, with Yn-5000, C=500+ 0.5(Y-T) and G=1000 and T=1000…

A: The Medium Run is a 12-year period during which the economy's capital stock progressively adapts to…

Q: Peter has an endowment of 3 units of good x and 5 units of good y. He can buy and sell x at a price…

A: Budget line shows the different combinations of two goods that one can purchase and consume with a…

Q: The figure shows the domestic supply and demand of a product in the United States. Suppose the world…

A: The world price $ 14 lies above the equilibrium level where quantity supplied exceeds quantity…

Q: 1-) Explain how we can use the Supply and Demand Model to explain price and quantity fluctuations in…

A: 1. Demand and supply Supply and demand refers to the relationship between the amount of a product…

Q: The three types of financial markets are OA. stock markets, bond markets, and government surplus…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Output in an economy is given by the production function, Y-AK0.25 0.75 where Y is output and A…

A: Introduction We have given data of neoclassical theory of economic growth which is developed by the…

Q: Explain how the slope of IS curve affect the outcome of expansionary monetary policy (increase in…

A: Expansionary monetary policy Expansionary monetary policy functions by rapidly growing the money…

Q: If C= 5 +0.6Y, I=4-0.2 r, G = 5, T = 6, X = 10 dan M = 10+ 0.3 Y, Ms = 20, Mdt = 0.1 Y and Mds =…

A: C=5+0.6Y I=4-0.2r G=5 T=6 X=10 M=10+0.3Y Ms=20 Mdt=0.1Y Mds=5-0.1r

Q: First annual income is $ 150.000 of an hotel whose sales price was $ 2.250.000. Its yearly income…

A: A financial calculation that assesses the worth of an amount of money or stream of payments that…

Q: An externality arises when a firm or person engages in an activity that affects the wellbeing of a…

A: When the manufacturing or consumption of a product results in a cost being incurred by a third…

Q: Marie has a weekly budget of $24, which she likes to spend on magazines and pies. If the price of a…

A: Budget Governments, organisations, and individuals use budgets to estimate revenue and expenses for…

Q: 9. Use of discretionary policy to stabilize the economy Should the government use monetary and…

A: The economy is producing natural rate of output at long run aggregate supply curve.

Q: 47) The demand curve for bonds has the usual downward slope, indicating that at prices of the bond,…

A: In the bonds market, it can be seen that the demand curve of bonds is usually downward sloping…

Q: wered For each fancy dress Cafilla produces, it gives up the opportunity to make 50 pounds of…

A: Under trade, each person or country specializes in the good it has a comparative advantage in.

Q: adexation allows workers' wages to increase automatically in line with inflation. dexation, the…

A: *Answer:  In first part, Option A and D is correct. A. Wage indexation becomes more likely to be…

Q: adidas Low Prices $8 million $10 million $2 million $6 million $4 million $2 million Low Prices $10…

A: When both the players are playing according to their self-interest, it can be said that both the…

Q: Question 26 "Based on the wage-setting equation, we know that an increase in the unemployment rate…

A: When talking about wage-setting curve, it can be said that it is an upward sloping curve to show the…

Q: In long-run equilibrium, a purely competitive firm will operate where price is Select one: O O b. a.…

A: A purely competitive firm operates at different level in the short-run as well as in the long-run…

Q: DARRELL WADE, CO-FOUNDER AND CEO OF Intrepid Travel It was a long time ago now, way before there was…

A: According to the story given in the question above,  Darrell was a traveler who did not want to go…

Q: Where can QGIS/Basic Geographic Information System can be used in the field of economics?

A: Introduction  Geographic Information System  GIS is nothing but collection of computer programs,…

Q: 5. Minimum-wage laws and unemployment Consider the market for labor depicted by the demand and…

A: When the price lies above the equilibrium level, surplus will occur. There is surplus when quantity…

Q: The equilibrium wage of an assistant professor in music is 5 and the equilibrium quantity is…

A: Equilibrium price is the price at which quantity demanded equals quantity supplied and the market…

Q: "After a negative AD shock, if the Central Banks responds immediately to the shock in the aggregate…

A: Aggregate demand: It refers to the demand for all the goods and services in an economy. The more the…

Q: To earn extra money in the summer, you grow tomatoes and sell them at a compost to your garden, you…

A: Use the below formula to fill the table: Additional pounds of tomatoes = Pounds of tomatoes at n…

Q: Canning Transport is to move goods from three factories (origins) to three distribution centers…

A: Solution:-  Given data: Origin-Supply Destination-Demand Shipping costs Let:  xij = Quantity shipped…

Q: A bond is initially worth $10,000 and provides an interest rate of 4%. Enter your responses below…

A: Initial worth of bond = $10,000 Interest rate = 4% We have to calculate the bonds price when the…

Q: How would customers likely react if a retailer switched its pricing strategy from one to the other?

A:

Q: OC) options market OD) IPO market 40) Asymmetric information is a universal problem. This would…

A: Asymmetric information refers to a situation when one party in a transaction has more information…

Q: 3b) Discuss the following statement "An increase in the Gross Domestic Product (GDP) is always…

A: In an economy, gross domestic product refers to the total amount of output produced in a specific…

Q: 5. Demand side fiscal policy is also known as Keynesian Economic Theory * True O False

A: In simple words we can say that the demand side policies are merely known to be as the economic…

Q: A consumer organization wants to estimate the actual tread wear index of a brand name of tires that…

A: Mean refers to the average of a set of elements from a certain sample or population. It is of two…

Q: Cold Turkey policy is believed to be the most inefficient anti-inflation policy. TRUE or FALSe?…

A: Cold-Turkey policies aim to get inflation rates as close to a goal as feasible. Gradualist policies…

Q: Many states have price gouging laws. These laws forbid the prices of certain goods from rising…

A: Here, it is given that many states uses price gouging laws to prevent the market price of goods and…

Q: 1. Choose from the two machines which is more economical. Machine A Machine B First Cost P8,000.00…

A: As per student request, I will answering questions no 1. Thank you…

Q: What is autarky. Define it's characteristics.

A: Economic system refers to the various rules and regulations that form the economy. Market systems,…

Q: 36) Equity holders are a corporation's That means the corporation must pay all of its debt holders…

A: At the marketplace, equity holders are the people who invest their money in a business and become…

Q: discuss the notion of efficient markets when extended to international financial markets.

A: According to the Efficient Market, all stocks trade at their true value. The idea believes that…

Q: What is a situational example of practicing the rights of employees in a business

A: Employee rights include the right to organize and bargain collectively, the right to work hours and…

Q: QUESTION 4 With the help of diagram, explain if the appropriate macroeconomic policies to defend…

A: Balance of payment  Balance of payment refers to the statement of a country which may show the net…

Q: . Consider a model with two countries, France and Germany. France exports wine to Germ nd Germany…

A: Demand for Wine in each  Country : Qd = 100 - Pw  Demand for Beer in each Country : Qd = 100 - Pb…

Q: Carry out the SWOT analysis of the country United Arab Emirates (UAE).

A: SWOT analysis helps in understanding the strengths, weaknesses, opportunities and threats of the…

Q: Please use the theory of comparative advantage to explain how international trade between two…

A: The comparative advantage refers to the advantage of production of goods and and service at a lower…