Use the figure to answer the following questions. Assume that the economy initially is operating at price level 120 and real output level $870. This output level is the economy's potential (full-employment) level of output. Next, suppose that the price level rises from 120 to 130. 160 AS, AS, 150 AS, 140 130 120 Price level

Q: 1. Consider the production functions for good X and good Y: X = K? +L ; Y = 20/KL A. Show and discus...

A:

Q: pods was $2,129. onse as an index number rounded to one decimal place.)

A: The index number measures the relative change in the price level. 

Q: 2. A man is considering investing P500, 000 to open a semi-automatic auto-washing business in a city...

A: Since the question you have posted consists of multiple parts, we will answer the first  question fo...

Q: In the long run, average total cost is _____ average fixed cost for a non-price discriminating, prof...

A: The expenses that are being incurred for carrying out various transactions are being known as costs....

Q: + if the demand will increase and - if the demand will decrease _______________3. The price of pork ...

A: With the increase in price of given good, the quantity demanded for that good decreases as per the l...

Q: Find the most likely price in US corresponding to the price of $ 70 at Russia from the following : R...

A:

Q: Per-unit production cost is:     A)  a determinant of aggregate demand.   B)  real output divided by...

A: Aggregate demand is composed of consumption spending, investment spending, government purchases and ...

Q: If members of a society have transitive preferences, then that society as a whole must also have tra...

A: if members of a society have transitive preferences then that society as a whole must also have tran...

Q: Suppose the rural wage is $1 per day. Urban modern sector employment can be obtained with 5% probabi...

A:

Q: Twenty people were attacked in London by a disease and only 18 survived. Will you reject the hypothe...

A:

Q: Why are good policies and programs important in states?

A: In different states, there are different types of government to manage the socio-economic activities...

Q: 1. The technology of interaction for a contractual relationship is given by the matrix below. 2 H L ...

A:

Q: Fill in the blanks below with the missing information.   Output quantity Total variable cost Total...

A: Here, the given table shows the information about total variable cost and total cost of the company ...

Q: Consider an economy where: The real rate of interest The nominal rate of interest 4.11% 7.09% Calcul...

A: Real Interest Rate = 1 + Nominal Interest Rate1 + Inflation Rate -1 Real interest rate = Nominal Int...

Q: Economists use the neoclassical growth model to explain fluctuations in the business cycle because O...

A: Classical growth theory was developed by (mostly British) economists during the Industrial Revolutio...

Q: QUESTION 10 Consider the scenario given in the table below for two economies, Economy X and Economy ...

A: According to the information provided above : Production function : Y = A*KakN Change in Capital : K...

Q: + if the demand will increase and - if the demand will decrease _______________1. Pablo lost his job...

A: Demand and supply curves exist in labour markets, just as they do in products markets. In labour mar...

Q: Suppose Japan is a small rice importer. At the world free trade price, Japan's domestic production o...

A: The three different policies that will be able to achieve the policy goal of having domestic rice pr...

Q: Consider IC1. Good X D IC Good Y If given a choice between A and D the person will always choose D I...

A:

Q: how does "Economic Profit" differs from the measurement of profit in other fields such as Accounting...

A: Profits help the business organization to expand and cover all its expenditures.

Q: Output (units) (units) (units) (units) |(dollars) (dollars) (dollars) 1 $500 $0 1 1 10 (A). $500 $20...

A: We know ,      TC = TFC + TVC      TC = 500+ 600       TC = $1100    

Q: Utility Function MU, MU, MRSxy 2x0.2y0.8 /25xy

A: Marginal utility of good X is calculated by differentiating the utility function with respect to X. ...

Q: Relate the educational levels in the various categories to the process of industrialization.

A:   Meaning of Industrialization: The term industrialization refers to the process of economy empoweri...

Q: 6-2. What is the trade feedback effect?

A:  International trade: - it means the buying and selling of goods and services with other countries.

Q: ABC Corporation is trying to forecast the effect of an upcoming environmental regulation on the vari...

A: According to question above, it is given that : ABC corporation is trying to figure out the outcome...

Q: Based on data from Z country, the realization of the 2022 deficit reached 5,65 percent of the gross ...

A: The issuance of government bonds affects the market for loanable funds and interest rate.

Q: Bill, who is also a passionate angler from Kingston, spends every weekend on Loughborough Lake to fi...

A: We are given that Bill's Utility is a function of his wealth and his original wealth is given to be ...

Q: Portia owns and manages a sporting apparel company. Consider the given average cost (AC), ayerage va...

A: Average fixed cost = total fixed cost / quantity

Q: Rose invested P20,000 in a savings bank account that earned 3% simple interest. Find the interest ea...

A: given:- principal = 20,000/- rate of interest = 3% time = 3 years and 6 months          = 3 years + ...

Q: 4. Assume that money velocity is constant. a. Suppose the money supply increases by 12%. What do you...

A: Money velocity:- V*M = P*Q V = velocity of transactions M = Money supply P = price level Q = index v...

Q: Suppose in 2016, the cost of a market basket of goods was $1,990. In 2018, the cost of the same mark...

A: Here, given information is: Cost of basket of goods in 2016 was: $1,990 Cost of basket of goods in ...

Q: 4. Educational equality exists when schooling produces thesame __________ for lower-class children a...

A: The answer is - Education system Hence,  Educational equality exists when schooling produces the sam...

Q: Contrary to predictions, for-profit colleges and universities are more expensive than public institu...

A: Between 1980 and 2005, tuition at private colleges in the United States more than doubled in real te...

Q: a. Distinguish between legally required reserves and excess reserves.   b. Why don’t banks hold a 1...

A: Disclaimer“Since you have asked multiple questions, we will solve the first three questions for you....

Q: Work sampling studies are conducted to find the utilisation of a machine. Out of 200 observations ma...

A:

Q: You were asked to find out the measure of risk of financial instruments. You made use of the NPV. Yo...

A: NPV or net present value method is used to discount the future cashflows at given discount rate so a...

Q: Which of the below is NOT an example of price discrimination? Select an answer and submit. For keybo...

A: In a market, price discrimination refers to when a seller charges different PR ces from different co...

Q: Portray the changing occupationalstructure in modern economies.

A: Occupational Structure:- The aggregate distribution of jobs in community, defined by level of abilit...

Q: (b) Given that nothing else is borrowed in the near future, the length of time it will take a govern...

A: A budget deficit means the government expenditure exceeds than government revenue for a product. The...

Q: 4. If the AD excess is $400 billion and the MPC is 0.9, a) How much fiscal restraint is desired? b) ...

A: Since you have asked multiple questions, we will solve the first question for you. If you want any s...

Q: Exhibit 15.3 S'm Sm Dm Interest rate in

A: Money demand (Dm) slopes downward, implying an inverse relationship between interest rate and quanti...

Q: t is an annuity where the specific amount of payments are set to begin and end at a specific length ...

A: Annuities are financial instruments that provide a steady source of income to retirees.The accumulat...

Q: EOC 16.05 (and 16.06) Who likely gets charged the lowest price for a rental car? Select an answer an...

A: Elasticity measures the responsiveness of quantity demanded with respect to change in price.

Q: What is the difference between detachable stock warrants and convertible bonds?

A: A bond is essentially an advance taken out by an organization. Rather than going to a bank, the orga...

Q: SARAH makes $43,000 per year, is single, and lives in Connecticut. She has $19,000 in Direct Subsidi...

A: Sarah is earning an income of $43000 per year. She has subsidized and unsubsidized loans of differen...

Q: Consider IC1. Good X D IC, Good Y Bundle A has the same amount of Good Y as Bundle B. Bundle D has m...

A:

Q: 3. Consider the following Prisoner's Dilemma game played 7 times:

A: Given,  Two Players : Player 1 and Player 2Player 1 and Player 2 have three strategies : C, D and NT...

Q: In the long term, the elasticity of supply is affected most by what? Otime O resources O capital O l...

A: The measure that depicts percentage change in quantity being supplied with respect to the percentage...

Q: (1) (2) (3) (4) (5) Variable Input Price per Marginal Cost Total Fixed Variable Input Cost Output 1 ...

A: Marginal cost is the change in total cost due to change in output produced. Marginal cost = (change ...

Q: 1. Suppose the government borrows $20 million more next year than this year. a. Draw and fully label...

A: Answer: (d). The elasticity of the supply of loanable funds shows that if the interest rate changes ...