Economics

Suppose the national debt increased from 2002 to 2003. We can conclude that for

Suppose the national debt increased from 2002 to 2003. We can conclude that for the year, the federal government Question 1 options: A) collected more taxes than were needed to pa…

Suppose the nominal interest rate is rn and inflation is i. Assume 0 < rn < 1 an

Suppose the nominal interest rate is rn and inflation is i. Assume 0 &lt; rn &lt; 1 and 0 &lt; i &lt; 1. Suppose the approximation that relates real interest rate to the nominal i…

Suppose the nominal interest rate on car loans is 11% per year. If borrowers and

Suppose the nominal interest rate on car loans is 11% per year. If borrowers and lenders expect an inflation rate of 2 % per year, the expected real interest rate is [ ? ] per yea…

Suppose the nominal interest rate on car loans is 8% per year. If borrowers and

Suppose the nominal interest rate on car loans is 8% per year. If borrowers and lenders expect an inflation rate of 5% per year, they will expect a real interest rate of per year.…

Suppose the nominal interest rate on car loans is 9% per year, and both actual a

Suppose the nominal interest rate on car loans is 9% per year, and both actual and expected inflation are equal to 5%. Complete the first row of the table by filling in the expect…

Suppose the nominal interest rate on savings accounts is 12% per year. If banks

Suppose the nominal interest rate on savings accounts is 12% per year. If banks and depositors expect an inflation rate of 4% per year, the expected real interest rate is 8% per y…

Suppose the number of buyers in a market decreases and a technological advanceme

Suppose the number of buyers in a market decreases and a technological advancement occurs also. What would we expect to happen in the market? Question 62 options: Equilibrium pric…

Suppose the output is kwh of electricity, and each kwh of electricity generates

Suppose the output is kwh of electricity, and each kwh of electricity generates 0.5 tons of CO2. The supply and demand schedules for electricity are as follows: Pollution demand I…

Suppose the own price elasticity of demand for good X is -2, its income elastici

Suppose the own price elasticity of demand for good X is -2, its income elasticity is -1, its advertising elasticity is 2, and the cross-price elasticity of demand between it and …

Suppose the own price elasticity of demand for good X is -2, its income elastici

Suppose the own price elasticity of demand for good X is -2, its income elasticity is -1, its advertising elasticity is 2, and the cross-price elasticity of demand between it and …

Suppose the own price elasticity of demand for good X is -2, its income elastici

Suppose the own price elasticity of demand for good X is -2, its income elasticity is -1, its advertising elasticity is 2, and the cross-price elasticity of demand between it and …

Suppose the own price elasticity of demand for good X is -2, its income elastici

Suppose the own price elasticity of demand for good X is -2, its income elasticity is 3, its advertising elasticity is 2, and the cross-price elasticity of demand between it and g…

Suppose the own price elasticity of demand for good X is -3, its income elastici

Suppose the own price elasticity of demand for good X is -3, its income elasticity is -2, its advertising elasticity is 3, and the cross-price elasticity of demand between it and …

Suppose the own price elasticity of demand for good X is -3, its income elastici

Suppose the own price elasticity of demand for good X is -3, its income elasticity is 1, its advertising elasticity is 2, and the cross-price elasticity of demand between it and g…

Suppose the own price elasticity of demand for good X is -3, its income elastici

Suppose the own price elasticity of demand for good X is -3, its income elasticity is 1, its advertising elasticity is 2, and the cross-price elasticity of demand between it and g…

Suppose the own price elasticity of demand for good X is -3, its income elastici

Suppose the own price elasticity of demand for good X is -3, its income elasticity is 1, its advertising elasticity is 2, and the cross-price elasticity of demand between it and g…

Suppose the own price elasticity of demand for good X is -3. Its Income elastici

Suppose the own price elasticity of demand for good X is -3. Its Income elasticity is -3. Its advertising elasticity is 4, and the cross-price elasticity of demand between it and …

Suppose the own price elasticity of demand for good X is -4, its income elastici

Suppose the own price elasticity of demand for good X is -4, its income elasticity is -2, its advertising elasticity is 3, and the cross-price elasticity of demand between it and …

Suppose the own price elasticity of demand for good X is -5, its income elastici

Suppose the own price elasticity of demand for good X is -5, its income elasticity is 1, its advertising elasticity is 3, and the cross-price elasticity of demand between it and g…

Suppose the own price elasticity of demand for the products of an industry is gi

Suppose the own price elasticity of demand for the products of an industry is given by -0.8, and the Rothschild index is given by 0.12. What happens to the demand of a representat…

Suppose the own priceelasticity of demand for good X is -2, its income elasticit

Suppose the own priceelasticity of demand for good X is -2, its income elasticity is 3,its advertising elasticity is 4, and the cross- price elasticity ofdemand between it and goo…

Suppose the position of political candidates on all issues can be ranked on a sc

Suppose the position of political candidates on all issues can be ranked on a scale ranging from conservative to liberal. The more conservative a candidate, the less the quantity …

Suppose the price elasticity of demand for yachts equals o.54, while the price e

Suppose the price elasticity of demand for yachts equals o.54, while the price elasticity of supply for yachts equals 3.09. If Congress reinstates a luxury tax on yachts, who will…

Suppose the price elasticityof demand for bread is 0.20. Ifthe price of bread fa

Suppose the price elasticityof demand for bread is 0.20. Ifthe price of bread falls by 10 percent, the quantity demanded willincrease by: A.2 percent and total expenditures on bre…

Suppose the price level reflects the number of dollars needed to buy a basket of

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of coffee, one donut, and one newspaper. In year one, the basket costs $9…

Suppose the price of a service falls and people buy more of that service. What h

Suppose the price of a service falls and people buy more of that service. What has happened? a) Quantity demanded changed b) Demand increased c) Demand decreased If the rise in th…

Suppose the price of a service falls and people buy more of that service. What h

Suppose the price of a service falls and people buy more of that service. What has happened? a) Quantity demanded changed b) Demand increased c) Demand decreased If the rise in th…

Suppose the price of capital and labor remain constant. As a firm\'s expenditure

Suppose the price of capital and labor remain constant. As a firm's expenditures for capital and labor increase, its isocost line shifts out parallel to the original isocost line.…

Suppose the price of each unit of labor is $25 and the price of each unit of cap

Suppose the price of each unit of labor is $25 and the price of each unit of capital is $100. The firm’s total costs are $10,000 and it is producing 30 units of output. a. In the …

Suppose the price of each unit of labor is $25 and the price of each unit of cap

Suppose the price of each unit of labor is $25 and the price of each unit of capital is $100. The firm’s total costs are $10,000 and it is producing 30 units of output. a. In the …

Suppose the price of pepper increases by 25 percent and, as a result, the quanti

Suppose the price of pepper increases by 25 percent and, as a result, the quantity of salt demanded( holding the price of salt constant) increases by 1 percent. the cross-price el…

Suppose the printing industry is perfectly competitive and George owns one of th

Suppose the printing industry is perfectly competitive and George owns one of the firms in the industry. The firm's production requires one fixed input-a printing machine-and two …

Suppose the private market return is r=20%. The economy has progressive tax syst

Suppose the private market return is r=20%. The economy has progressive tax system as follows. Low income: t=0%, Moderate income: t=15%, High income: t=28%. Assume each group has …

Suppose the process of producing lightweight parkas by Polly’s Parkas is describ

Suppose the process of producing lightweight parkas by Polly’s Parkas is described by the function: q = 40K0.6 (L-40)0.4 where q is the number of parkas produced, K the number of …

Suppose the production function for France is givenby: The capital stock is K =

Suppose the production function for France is givenby: The capital stock is K = 25 and the laboursupply curve is: Ls = 100[(1 -t)w]2 where w is the real wageand t is the tax rate …

Suppose the production function for good q is given by q = K L where K and L are

Suppose the production function for good q is given by q = K L where K and L are capital and labor inputs. Consider three statements about this function: I. The function exhibits …

Suppose the production function is given by Q = L 0.75 K 0.25 , where L is labor

Suppose the production function is given by Q = L0.75K0.25, where L is labor units and K is capital units employed in the production.  Derive the equations for the average product…

Suppose the production function is given by where Yis output, K is capital, and

Suppose the production function is given by where Yis output, K is capital, and N is the number of workers. What is the impact on output if both the level of capital and the numbe…

Suppose the production function of PowerGuns Co. is given by Q = 25LK where Q is

Suppose the production function of PowerGuns Co. is given by Q = 25LK where Q is the quantity of guns produced in the month, L is the number of workers employed, and K is the numb…

Suppose the production function of PowerGuns Co. is given by Q = 25LK where Q is

Suppose the production function of PowerGuns Co. is given by Q = 25LK where Q is the quantity of guns produced in the month, L is the number of workers employed, and K is the numb…

Suppose the productivity of capital and labor are as shown in the accompanying t

Suppose the productivity of capital and labor are as shown in the accompanying table.  the output of these resources sells in a purely competitive market for $1 per unit.  Both ca…

Suppose the productivity of labor and capital are as shown below. The output of

Suppose the productivity of labor and capital are as shown below. The output of these resources sells in a perfectly competitive market for $5 per unit. Both labor and capital are…

Suppose the quality of beef changes over time, but the quality change goes unmea

Suppose the quality of beef changes over time, but the quality change goes unmeasured for the purpose of computing the consumer price index. In which of the following instances wo…

Suppose the quality of lawn mowers, which are part of the CPI basket, has improv

Suppose the quality of lawn mowers, which are part of the CPI basket, has improved, while their price has remained the same. If Statistics Canada wants to adjust the CPI so that t…

Suppose the quantity of good X demanded by individual 1 is given by X1 = (10-2PX

Suppose the quantity of good X demanded by individual 1 is given by X1 = (10-2PX) + (0.01*I1) + (0.4*PY) and the quantity of X demanded by individual 2 is X2 = (5-PX) + (0.02*I2) …

Suppose the quantity of good X demanded by individual 1 is given by X1 = 10 ?? 2

Suppose the quantity of good X demanded by individual 1 is given by X1 = 10 ?? 2PX + 0:01I1 + 0:4PY and the quantity of X demanded by individual 2 is X2 = 5 ?? PX + 0:02I2 + 0:2PY…

Suppose the required reserve ratio is 5 percent, and currency and reserves total

Suppose the required reserve ratio is 5 percent, and currency and reserves total $12 million. The maximum money supply that can be supported is Question 5 options: A) $12.6 millio…

Suppose the reserve requirement for the United States is 15%. Instructions: Roun

Suppose the reserve requirement for the United States is 15%. Instructions: Round your answers to the nearest whole number. a. Suppose the Federal Reserve wants to increase the mo…

Suppose the reserve requirement is 10%. a. If the Federal Reserve decreases the

Suppose the reserve requirement is 10%. a. If the Federal Reserve decreases the reserve requirement, banks can lend out: fewer reserves, thus decreasing the money multiplier and d…

Suppose the reserve—deposit ratio is res = 0.5 - 2 i , where i is the nominal in

Suppose the reserve—deposit ratio is                         res = 0.5 - 2 i, where i is the nominal interest rate. The currency—deposit ratio is 0.2 and the monetary base equals …