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Economists agree that increasing aggregate demand is the most expedient way to g

Economists agree that increasing aggregate demand is the most expedient way to get the country out of a recession. Part 1: Define what is happening in the economy when a country i…

Economists believe people should get paid according to the value of the output t

Economists believe people should get paid according to the value of the output they produce. This is fairly easy to determine when you produce something physical, such as cupcakes…

Economists believe that a. people who choose to promote the interests of others

Economists believe that a. people who choose to promote the interests of others cannot be acting rationally in their own self-interest b. people show concern only for those whom t…

Economists believe that historically, countries with more income inequality have

Economists believe that historically, countries with more income inequality have had lower unemployment rates. For example, an economist in 1996 developed the table below containi…

Economists believe that the major reason that financial intermediaries move a gr

Economists believe that the major reason that financial intermediaries move a greater volume of funds between borrowers and lenders than do financial markets is A) the higher inte…

Economists believe that the major reason that financial intermediaries move a gr

Economists believe that the major reason that financial intermediaries move a greater volume of funds between borrowers and lenders than do financial markets is A) the higher inte…

Economists calculate both nominal GDP and real GDP. Which of the following state

Economists calculate both nominal GDP and real GDP. Which of the following statements best describes the difference between the two? A. Nominal GDP includes both intermediate and …

Economists can measure this kind of as an expected cost. The expected cost of en

Economists can measure this kind of as an expected cost. The expected cost of engaging in an illegal activity equals the cost you pay if you are caught time the probability that y…

Economists classify production functions as possessing constant, decreasing or i

Economists classify production functions as possessing constant, decreasing or increasing returns to scale. Yet, from a cause-and-effect point of view, it is not readily apparent …

Economists describe “utility” as the satisfaction gained from obtaining a good o

Economists describe “utility” as the satisfaction gained from obtaining a good or undertaking an activity. A. How have economists traditionally evaluated what choices give individ…

Economists disagree about how quickly the economy adjusts to an aggregate demand

Economists disagree about how quickly the economy adjusts to an aggregate demand shock. In the view of some economists, people form expectations based on present realities and cha…

Economists estimates of price elasticities can differ somewhat, depending on the

Economists estimates of price elasticities can differ somewhat, depending on the Sime period and on the markets in which the price and quanility dala used in the estimates were ga…

Economists forecast that there is a 40% chance that we will have an economic boo

Economists forecast that there is a 40% chance that we will have an economic boom next year and a 60% chance that we will have a recession. If the economy is good (economic boom),…

Economists forecast that there is a 40% chance that we will have an economic boo

Economists forecast that there is a 40% chance that we will have an economic boom next year and a 60% chance that we will have a recession. If the economy is good (economic boom),…

Economists generally believe that a. buyers and sellers have all the information

Economists generally believe that a. buyers and sellers have all the information they can use b. additional information is costly to acquire c. decision makers have complete knowl…

Economists generally believe that the best way to target a negative externality

Economists generally believe that the best way to target a negative externality is to: tax the externality directly, such as taxing greenhouse gas emissions. O set equivalent limi…

Economists have been comparing the monetary value of intact habitats with the va

Economists have been comparing the monetary value of intact habitats with the value of using (destroying) those habitats (such as for logging or farming). They find the long-term …

Economists have determined that there is a close relationship between fluctuatio

Economists have determined that there is a close relationship between fluctuations in Fed Ex’s business and changes in the GDP. This is called the: A) shipping cycle B) fed ex ind…

Economists have long argued that, due to moral hazard problems, that “bailing ou

Economists have long argued that, due to moral hazard problems, that “bailing out” firms such as banks (the S&L crisis), brokerage firms (Bear Stearns, Drexal Burnham…) and go…

Economists have observed that as an economy grows the unemployment rate tends to

Economists have observed that as an economy grows the unemployment rate tends to fall. Which statement is most likely to be correct? a) Economic growth and the unemployment rate a…

Economists have shown that law suits are solely responsible for driving up the c

Economists have shown that law suits are solely responsible for driving up the costs of prescription drugs in the U.S. relative to the same drugs in Canada. The approximate price …

Economists in Funlandia, a closed economy, have collected the following informat

Economists in Funlandia, a closed economy, have collected the following information about the economy for a particular year: Y=10,000 C=6,000 T=1,500 G=1,700 Economists also estim…

Economists in Macroland believe that the full employment GDP is 7,500, and they

Economists in Macroland believe that the full employment GDP is 7,500, and they calculate the structural deficit at that level. In 2009, the economy was described as follows: Y = …

Economists in the Obama administration estimated that the government stimulus pa

Economists in the Obama administration estimated that the government stimulus package in 2011 has a multiplier value of 1.57, while other economists have estimated the multiplier …

Economists in the Obama administration estimated that the government stimulus pa

Economists in the Obama administration estimated that the government stimulus package in 2011 has a multiplier value of 1.57, while other economists have estimated the multiplier …

Economists measure economic (social) welfare by the A) a. net consumer surplus B

Economists measure economic (social) welfare by the A) a. net consumer surplus B) b. sum of consumer and producer surplus C) c. sum of the net profits made by the industry's compe…

Economists often track employment trends by measuring the proportion of people w

Economists often track employment trends by measuring the proportion of people who are oyed," meaning they are either unemployed or would like to work full time but are only n the…

Economists preceding John Maynard Keynes believed that a national economy would

Economists preceding John Maynard Keynes believed that a national economy would be in equilibrium only at the full employment level, or to put it another way, at the level at whic…

Economists predict that worldwide food production will eventually lag behind pop

Economists predict that worldwide food production will eventually lag behind population growth, leading to food shortages. Identify some reasons for this trend in the food/populat…

Economists refer to consumer satisfaction as utility and use \"utils\" to measur

Economists refer to consumer satisfaction as utility and use "utils" to measure consumer utility. Jill enjoys cookies and milk as a snack. Below is a table showing Jill's utility …

Economists representing the Federal Reserve, the FDIC, and the Office of the Com

Economists representing the Federal Reserve, the FDIC, and the Office of the Comptroller of the Currency have gathered for meeting discuss a formal response to concerns that top m…

Economists representing the Federal Reserve, the FDIC, and the Office of the Com

Economists representing the Federal Reserve, the FDIC, and the Office of the Comptroller of the Currency have gathered for meeting discuss a formal response to concerns that top m…

Economists say that central bankers face a \"cruel trade-off\" between the rates

Economists say that central bankers face a "cruel trade-off" between the rates of inflation and real growth when a potential growth shock hits. What does this mean? Both the infla…

Economists say that individuals make decisions at the margin. What does this mea

Economists say that individuals make decisions at the margin. What does this mean? How would an economist define the efficient amount of time spent playing tennis? van stops study…

Economists sometimes argue about the effects of the minimum wage: 1. Advocates o

Economists sometimes argue about the effects of the minimum wage: 1. Advocates of a higher minimum wage point to evidence that in big cities changes in the minimum wage do not red…

Economists still do not have a good understanding of what poor countries should

Economists still do not have a good understanding of what poor countries should do to lessen poverty. According to MIT professor Simon Johnson, economists are still searching for …

Economists suggest that students not accrue more than $2000 in credit card debt

Economists suggest that students not accrue more than $2000 in credit card debt before graduating from college. In 2004, the Nellie Mae organization surveyed a random sample of 10…

Economists use the rule of 70 to quickly calculate the numberof years required f

Economists use the rule of 70 to quickly calculate the numberof years required for a variable to double at a given growth rate.If the variable grows at the rate x% per year, then …

Economists usually do not favor subsidies on specific products or in-kind paymen

Economists usually do not favor subsidies on specific products or in-kind payments to help low income people. This is because A. in-kind payments suggest that the poor person does…

Economists who study production of goods by a firm consider two functions. The r

Economists who study production of goods by a firm consider two functions. The revenue function R(x) is the revenue the firm receives when x number of units are sold.   The cost f…

Economists who study production of goods by a firm consider two functions. The r

Economists who study production of goods by a firm consider two functions. The revenue function R(x) is the revenue the firm receives when x number of units are sold. The cost fun…

Economists wish to look at the relationship between the price of regular unleade

Economists wish to look at the relationship between the price of regular unleaded gasoline in the U.S. (units $/gallon) and the acquisition cost of OPEC crude oil units $10/barrel…

Economists\' assessment of Antitrust policies at best are mixed. Two different c

Economists' assessment of Antitrust policies at best are mixed. Two different cases; ALCOA and Standard Oil in the 20th century ended up with different outcomes. Most agree that t…

Economy 101: Supply and Demand Wages Which of the following are likely to put up

Economy 101: Supply and Demand Wages Which of the following are likely to put upward pressure on (hourly) wages and which are likely to push (hourly) wages down? Increased non-wag…

Economy 101: Supply and Demand Wages Which of the following are likely to put up

Economy 101: Supply and Demand Wages Which of the following are likely to put upward pressure on (hourly) wages and which are likely to push (hourly) wages down? Increased non-wag…

Economy 121 11. Resource markets in the short run and long run Consider the labo

Economy 121 11. Resource markets in the short run and long run Consider the labor market for nurses. Becoming a nurse requires several years of school and training—a significant h…

Economy A and Economy B are similar in every way except that in Economy A, 65 pe

Economy A and Economy B are similar in every way except that in Economy A, 65 percent of aggregate expenditure is sensitive to changes in the real interest rate and in Economy B, …

Economy A is producing two goods, x and y, using both capital and labour in the

Economy A is producing two goods, x and y, using both capital and labour in the production of each good. The labour force can produce either 300 units of y or 100 unit of x or any…

Economy A: gross investment equals depreciation Economy B: depreciation exceeds

Economy A: gross investment equals depreciation Economy B: depreciation exceeds gross investment sEconomy C: gross investment exceeds depreciation Refer to the above information. …

Economy Builders thinks there is a market for a new portable saw. Economy\'s res

Economy Builders thinks there is a market for a new portable saw. Economy's research department has surveyed prices that are currently sold on the market. Economy believes that $8…