Entries by Hannah Wangui

wages and prices

Question a)     What happens if wages and prices adjust very quickly in response to various shocks to the economy? Does this make business cycle, expansions and contractions in the economy, shorter or longer?    Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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What causes the PPF to shift outward

Question What causes the PPF to shift outward? I think that resources have to be used but i’m not sure.   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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inflation rate

Question If you wanted to calculate the inflation rate for the economy as a whole, you would use which of the following? nominal GDP the percentage change in nominal GDP real GDP the percentage change in real GDP the GDP deflator the percentage change in the GDP deflator the CPI the percentage change in the […]

 

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This question was created from Test1_A.fa13

Question This question was created from Test1_A.fa13 Is the Marginal Cost the cost of the maximum you could pay – the minimum you would pay. As in, $2.50 – $2.25 so the marginal cost equals $0.25? Is this a general rule for problems like this? Thanks. ATTACHMENT PREVIEW Download attachment 10146572-213126.jpeg 14. At a local restaurant, a […]

 

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