Which of the following is a component of money?  a) bonds  b) saving  c) income  d) stocks  e) none of the above

Q: List the characteristics that must exist for one to be clasified as unemployed 2. How is the…

A: The labor force refers to the total number of people who are employed or actively seeking employment…

Q: The Cobb-Douglas production function can be shown to be a special case of a larger class of linear…

A: Q=γ[∂K-ρ+(1-∂)L-ρ]-V/ρ Where  Y is an Efficiency Parameter  ∂ is Distribution Parameter  P is the…

Q: demand for barley is inelastic.

A: We are told that the demand for barley is inelastic. Suppose the price of barley increases by 50%,…

Q: 6) There is a game afoot with the competition as to whether to collude on a price change or not. The…

A: 6) Nash equilibrium is a game theory concept that aids in the determination of the best solution in…

Q: 2. Consider a profit-maximizing firm with production function, Y-KO-SL0.5, where Y is output, K is…

A: GivenL: Production function: Y=K0.5L0.5

Q: Which trends in income and wealth have emerged within the United States over the last 15 to 20…

A: Income is the total sum of money that a person or family receives from a variety of sources,…

Q: Which points shown in Figure 2 indicates an inefficient use of resources after an economy has grown?…

A: The production possibilities curve demonstrates the maximum possible production of two products when…

Q: If the interest rate is 20 percent, what is the present value of a bond that matures in two years,…

A: From the given data, we have   Interest rate = 20%   Amount pays 1 year from now = $85   Amount Pays…

Q: 2. Consider the following IS-LM model: C = 200+ 0.25Ya I = 150+ 0.25Y - 1000i G = 250 T = 200 d M…

A: Equilibrium is where the IS curve intersects the LM curve.    The IS refers to the investment and…

Q: Countries 1 and 2 have the production function: Yt = AiKαt L1−α t , where country 1 has Total Factor…

A: Production Function: The production function represents a relationship between the input and output.…

Q: What should the government do to avoid these kind of effects in the Phillipines?

A: A particular community, state, or nation's government is referred to as a system or collection of…

Q: Suppose for reasons unrelated to your income, you decide to spend $1000 (in real terms) more this…

A: The changes in the aggregate demand causes the shifts of the aggregate demand curve. The aggregate…

Q: d) How would your answer to b) would change if velocity growth was not constant, but instead was a…

A: The QTM is the amount of money in the economy it means that if the money supply rises in the…

Q: 1. Consider a static labour supply model for an individual. Assume that the person works a positive…

A: The Marginal Rate of Substitution (MRS) is an economic concept that represents the rate at which a…

Q: A municipal bond with a face value of $10,000 will mature 15 years from now. The bond interest rate…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: EXAMPLE 1.1 Alpha Associates has the following details: Fixed cost = Rs. 20,00,000 Variable cost per…

A: Given: Fixed Costs = Rs. 20,00,000 Variable cost per unit = Rs. 100 Selling price per unit = Rs. 200

Q: An engineer borrowed an amount of a certain bank that can be payed for four years end of the year…

A: The first payment =Php 100,000 and then payments increase by 8% every year up to the 4th payment.…

Q: Discouraged workers are included in O the number of unemployed. frictional unemployment. the labor…

A: Being without a job is the state of being unemployed. It may be a voluntarily made choice, such when…

Q: Which of the following is not a supply shifter for physician services? (a) Increase in nurse salary…

A: The supply of physician services can be influenced by various factors that can shift the supply…

Q: (e) Given the effect on the real interest rate identified in part (d), what will happen to each of…

A: Increased uncertainty has reduced business orders for equipment. If the demand for equipment…

Q: A bank receives an initial deposit of $10,000. The bank is also required to maintain a reserve ratio…

A: Banks can create credit through the lending. The lending capacity of banks depend on the reserve…

Q: The table below shows the weekly demand for hamburgers in a market where there are just three…

A: The amount of a specific commodity or service that consumers are willing and able to buy at a…

Q: Pc Pe P A B E C 4:0 G 15₁ 0, Q₂ Q Refer to the graph above. Suppose there is a tax imposed on the…

A: In economics, the consumer surplus is the difference between the cost a consumer pays for a good and…

Q: Price and cost (dollars per ton of steel) 250 200 150 100 50 2 MSC S-MC D- MSB 4 10 Quantity (tons…

A: Externality refers to the economic situation in which the economic activity of the producer or…

Q: George enjoys bananas and leisure. He sleeps 8 hours per day. Of the remaining 16 hours, for each…

A: The indifference curve in the labor-leisure model is the locus of all those combinations of hours of…

Q: when hoarding occurs, what problem does it create for an economy?   You can use the recent run on…

A: Hording is the act of accumulating and stockpiling goods in excess of what is necessary or…

Q: Suppose that a firm's production function is given by the following relationship: Q = 2.5√LK (i.e.,…

A: Production function shows the relationship between the two inputs which are capital and labor.  In…

Q: One of the mutually exclusive alternatives below must be selected. Base your recommendation on…

A: Given From the cash flow diagram,  Year Saver 45 Glock 40 Incremental cash flow =Sauer - Glock…

Q: When the price of coffee rose from $4 to $5, quantities for coffee decreased from 57 to 44 and the…

A: Introduction  Cross elasticity of demand measures the extent to which the demand for one good…

Q: 7. Ariel, Steven, and James are potential consumers of sushi. Ariel's demand for sushi is given by…

A: Quantity demanded and demand: The demanded quantity of any commodity reflects the amount of that…

Q: If a sum of $5,000 is deposited annually in an account that pays 6% annually, what is the amount…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: Logan has $2,000 in a checking account and wants to buy a new MacBook for $1,100. Logan decides he…

A: Economic rationality suggests that people behave in a rational way, consider all the alternative…

Q: 1. Consider a firm with production function given by ƒ (x₁, x₂) = (x₁)¹/4 (x₂)¹/2 Assume the prices…

A: The production function shows how the output of the firm depends upon the quantities of inputs that…

Q: If the MPC equals 0.5, and real GDP is $14 trillion with potential real GDP $14.5 trillion, how much…

A: Aggregate demand is the sum of consumption, investment, government spending and net export.…

Q: At Point C the slope of the q2 = 200 isoquant is: a. -2. b. -1. Units of capital 100 0 A c. -0.5. d.…

A: An isoquant curve is a concave line drawn on a graph that depicts all possible combinations of two…

Q: The table below pertains to a small agricultural economy where the typical consumer's basket…

A: The Consumer Price Index or CPI is an estimation of the average change over a period in the prices…

Q: What are the characteristics of a monopoly

A: Monopoly market refers to the market where only single firm exists. it is price maker. Monopoly firm…

Q: 1. Understanding the implications of taxes on welfare The following graph represents the demand and…

A: Government intervention occurs when the government intervenes in the marketplace with the intent of…

Q: Prior to the conflict between Russia and Ukraine, Russia sold fertilizer to Ukraine and Ukraine sold…

A: Since you have posted multiple questions, we will provide the solution only to the first question as…

Q: George enjoys bananas and leisure. He sleeps 8 hours per day. Of the remaining 16 hours, for each…

A: The indifference curve in the labor-leisure model is the locus of all those combinations of hours of…

Q: Suppose that Intel is considering building a new chip-making factory. Assume that Intel needs to…

A: Changes in interest rate will affect the decision of borrowing money in the bond market.

Q: Question 3  The market demand and supply functions for cotton are: QD =10–0.04PandQS =38P–20.…

A: Given, Qd = 10 - 0.04P Qs = 38P - 20

Q: Consider the graph at right. The economy is initially in short-run equilibnum at point D and worker…

A: The equilibrium occurs where the Aggregate demand is equal to the Aggregate supply. The long run…

Q: Mountain Dew is 4.4

A: Pepsi sells many types of soft drinks and its researchers found that the demand elasticity for…

Q: Despite the fact that personal possession of currency is not allowed by U.S. prisons, in reality,…

A: Money is a specific term used to describe the worth of products and services. It serves as the…

Q: Consider the following Cobb-Douglas production function for the bus transportation system in a…

A: The Cobb – Douglas production function is a specific type of production function, widely used to…

Q: Diogo has a utility function: U = 100X0.5 0.5 The price of X is p = $5, the price of Z is p₂ = $14,…

A: Given information: U = 100X0.5Z0.5   --------------> Utility function --------------------------…

Q: Describe economic growth and how it is stimulated by education and training, capital accumulation,…

A: Economic growth refers to an increase in a country's or region's real gross domestic product (GDP),…

Q: Given the following on a closed economy. C = 40 + 0.8Yd C= consumption I = 55 – 200r I= Investment G…

A: A closed economy is an economy or a country that does not have trade deals with any other country.…

Q: Q= 8 when v= 2 and w= 1 (with minimal possible cost).

A: Minimal amount of K and L will be that situation where cost will be minimum. At this point…