The full employment output level is the maximum amount of output that the economy can produce when all its resources are fully employed, or its potential output level. The intersection of AD = AS and the vertical line are the same. This intersection of all three curves is the potential real GDP and the natural rate of unemployment. True or False?

Q: Jerry had been drinking all evening at the Bonger Bar and became visibly intoxicated. The bartender ...

A: Answer and explanation according to the situation described in the Question above :-

Q: explain the short run fixed costs and the variable cost in modern economics?

A: There are two types of cost a) fixed cost b) variables cost.  Total cost of the firm consist of fixe...

Q: Suppose that you and a friend play a matching pennies game in which each of you uncovers a penny. If...

A: Nash equilibrium is an idea inside game hypothesis where the ideal result of a game is in the same p...

Q: If the Federal Reserve (the central bank of the U.S.) raises the interest rates, what will happen to...

A: Aggregate expenditure is the sum of consumption spending, investment, government spending and net ex...

Q: Does the price control mechanism (price floor and price sealing) to a resource shortage provide an e...

A: Yes, the price mechanism gives a positive and negative feedback loop.

Q: Critique on Concentric Ring Theory

A:

Q: Essay What happens to producer surplus when a price ceiling (below the equilibrium price) is enacted...

A: In a market, price ceiling refers to the government action to limit the maximum price, while price f...

Q: Consider a ypothetical closed economy in which the marginal propensity to consume (MPC) is 0.8 and t...

A: Here, the marginal propensity to consume of the people of a closed economy is given as 0.8, and the ...

Q: Consider the Swan-Solow model of economic growth.   [Hint: Question (e) below goes beyond the subjec...

A: The Solow-Swan mode can be defined as an economic model of the long-run model which depicts economic...

Q: 2. Consider the four-player game in Figure 2 Figure 2 b, b. as as b, 4 3. 1. 2 4 2. d, d, 1. 5 4 Fin...

A: Given game

Q: From your own understanding on the concept of “Game Theory”, what can you conclude about the relatio...

A: Game theory is a framework for thinking about social events with competing actors.Game theory is, in...

Q: Define the following terms: 1: Elasticity 2: Measurement of supply 3: Market and the classification ...

A:

Q: Answer the following questions about country A. a)   What was GDP equal? b)   What was the value o...

A: Calculation is as follows:  

Q: (a) Explain the meaning of velocity of money (b) Suppose the money supply M has been growing at 10% ...

A: The way through which transactions could take place in the market and are being considered as the me...

Q: Discuss reasons why women are more likely to be economically burdened in old age vs men.

A: A person is said to be economically burdened in old age (or in any stage of life) when his/her incom...

Q: The following diagram represents market for a normal goud. Demand and Supply Price $10 $9 $8 -Quanti...

A: [a]Equilibrium is attained where demand = supply.Thus, equilibrium price is $5 and equilibrium quant...

Q: Farmer Brown plants both soybeans and corn. If the price of soybeans increases and the price of corn...

A: The law of supply expresses that there is a positive connection among costs and amount provided or a...

Q: Which of the following statements are true? (i) An increase in the number of available substitutes f...

A: Answer: The demand for a good is more elastic when there are many substitutes for the good available...

Q: Given the assumptions of the law of diminishing marginal utility (exactly the same product consumed ...

A: Marginal utility (MU) is defined as the extra utility or benefit a consumer gets by consuming an ext...

Q: When Alonzo had 3 years left in college, he took out a student loan for $13,564. The loan has an ann...

A: Interest is generally expressed as a percentage and may be simple or compounded.Simple interest is c...

Q: International trade causes the loss of jobs in industries where a country has Select the correct ans...

A: International trade occurs when a country export or import goods with other countries.

Q: Savings by a land owner for future use of his property in General Trias Cavite to Cavite Savings Ban...

A: In an economy, there are different types of financial institutions that make economic activities. Th...

Q: 3. When firms are price searchers, why will marginal revenue (MR) be less than price? 4. Is price di...

A: The answer is as follows:-

Q: erry spends $ 10 a month on pet dispensers and uperman action figures. His marginal- utility-to-pric...

A: Marginal Utility alludes to extra utility by virtue of the utilization of an extra unit of a product...

Q: ee is $4. 1. The money supply per person is $2000. What is the value of the nominal interest rate? W...

A: Calculation interest rate of equilibrium:- Formula is :- TC = (I*Y/2N) + F*N Here, Total Cost = F*i ...

Q: There are two firms in a homogenous product market described by the demand function P(q1,q2)%3D131-(...

A: Initial calculation The quantity produced by firm1=q1 The quantity produced by firm2=q2 the inverse ...

Q: Subsidy granted to the hog raisers in Bgy. Silang Cavite by LGU   Identify the statement above if ...

A: GOVERNMENT BANK In order to provide subsidies to the people and creating a farm subsidies, it is th...

Q: Question 3 The US and France each have 100 hours of Jabor to allocate between producing cheese and b...

A: Opportunity cost can be defined as the benefit that has been forgone of the next best alternative op...

Q: difference between income and wealth, and why both are important in terms of economic security for o...

A:   income refers to the amount of money received by a individual person , group or company during a c...

Q: Consider a bargaining game with T = ∞ rounds of bargaining. At the beginning of each round the propo...

A: Given,  Bargaining game with T=∞ rounds of bargainingProposer makes an offer to split a surplus of s...

Q: Your first job after graduation is in the statistical office of the small country Exemplia, where mo...

A: Basket size alludes to the number of items sold in a solitary buy. You ascertain the normal basket s...

Q: Due to the extremely bad weather, there is a poor harvest for apples which causes 10% change in the ...

A: The curve that depicts quantities of goods and services being demanded by individuals at various lev...

Q: QUESTION 28 Fl in the blank using the number that corresponds to the correct word or phrase in the w...

A: The emphasis on opportunity cost, the assumption of maximization in terms of one's own self-interest...

Q: The real interest rate is 6 percent a year and the income tax rate is 50 percent.   With no​ inflati...

A: Given real rate of interest = 6 % Income tax rate = 50 % Inflation rate = 0    

Q: The maximum carrying capacity of a park is 100 animals. Currently, there are 10 animals in the park....

A:

Q: describe b2b(business to business) in healthcare and provide examples

A: B2B is a technique in which two businesses comes in contact with each other in order to make commerc...

Q: Suppose a firm's production function is Q = K.25L.25 Derive the long-run conditional factor demands ...

A: A firm minimizes cost by employing resources at a point where marginal rate of technical substitutio...

Q: White Oaks Properties builds strip shopping centers and small malls. The company plans to replace it...

A: Given  Initial cost or first cost of the equipment P=$750,000 Operating cost =$240,000 per year Salv...

Q: A decrease in money supply growth will cause the: LRAS curve to shift to the left. AD curve to shift...

A: Answer -1  A drop in the money supply is accompanied by a corresponding decrease in nominal output, ...

Q: the equation of exchange is given by M x V-PxQ, where M is the money supply, V is the velocity of mo...

A: The measure that depicts the final value of goods and services in an economy during a specified span...

Q: Use the following graph, which shows an aggregate demand, to answer the next question.   If the econ...

A: Aggregate demand curve shows different combinations of price and real output demanded in the economy...

Q: In an economy, the supply and demand functions of the residential rental market are as follows: Qs =...

A: The equilibrium in the market is determined by the market forces of demand and supply. The demand cu...

Q: Calculate the following using the Rule of 70:  3) How many years will Vietnam grow with a GDP of $2...

A: Rule of 70 implies that the time an economy takes to double it's GDP. Therefore, simply by computing...

Q: For a perfectly competitive firm operating in the short run, in order to maximize profits it should ...

A: In a perfectly competitive market, price is constant so it is equal to marginal revenue. Firms are p...

Q: Consider the following demand of tourists (T) and locals (L) for spots in a race: SQ" = 1,700 – 5p l...

A:

Q: Price discrimination is indistinguishable from dumping. Discuss the accuracy of this statement?

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

Q: e in this western province passes laws that make it easy for workers to join a union. Through collec...

A: Equilibrium is achieved at the level where Ls equals Ld

Q: Derive and extensively discuss the equi-marginal principle.When it is in the two commodity cases? Wh...

A: An equi -marginal principle plays an important role in cardinal utility analysis. The law of equi-ma...

Q: a) consider the following IS–LM model: C = c1(Y - T) I = b1Y - b2i M/P = d1Y - d2i Solve for equ...

A: Investment is negatively related to the interest rate. The rise in the interest rate causes the fall...

Q: What is the size of market aslo explain the character of the commodity in our daily lives,?

A: