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Suppose an economy is characterized by flexible prices and rigid nominal wage in the short-run. Using Aggregate Demand-Aggregate Supply framework, discuss the short-run and long-run effects of a decrease in money supply on the price level, real GDP, nominal wage rate and real wage rate.
Firm has 2400 quantity and v.c is 2.70 new supplier reduced the new v.c is 2.30 and also added advertisement cost 3000 in cost profit 10000 profit contribution 25%of the revenue? ??
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In an economy with no exports and imports, autonomous consumption is $3 trillion, the marginal propensity to consume
is 0.6, investment is $5 trillion, and government expenditure on goods and services is $6 trillion. Taxes are $5 trillion and
do not vary with real GDP.
If real GDP is $34.4 trillion, calculate disposable income, consumption expenditure, and aggregate planned expenditure. What is equilibrium expenditure?
is 0.6, investment is $5 trillion, and government expenditure on goods and services is $6 trillion. Taxes are $5 trillion and
do not vary with real GDP.
If real GDP is $34.4 trillion, calculate disposable income, consumption expenditure, and aggregate planned expenditure. What is equilibrium expenditure?
is substitution effect always positive
What market structure is used to benchmark allocative efficiency and why do we use it? Illustrate and explain using a diagram
Are there any advantages to a single market seller and how do they compare to its perceived disadvantages.
In a two sector model ,demonstrate with the aid of appropriate diagram that the three approaches of measuring national income of a country yield identical results.
Determine whether the following are true or false. Explain you answer.
1. A ban on fishing in some fishing communities in a country will lower the price of fish
2. Protecting local textile manufacturers from Chinese clothing imports will lower the clothing price in that locality.
3. The rapid increase in price for toilet rolls in a country will lower the demand for toilet rolls.
4. The war against drugs, with increased interdiction of imported cocaine, will lower the price of domestically produced marijuana.
1. A ban on fishing in some fishing communities in a country will lower the price of fish
2. Protecting local textile manufacturers from Chinese clothing imports will lower the clothing price in that locality.
3. The rapid increase in price for toilet rolls in a country will lower the demand for toilet rolls.
4. The war against drugs, with increased interdiction of imported cocaine, will lower the price of domestically produced marijuana.
on the basis of the following production function Q=AK4/5L1/5 write down the general mathematical form of the demand function deriving from this form of technology in the case of a profit maximizing firm
Are there any advantages to a single market seller and how do they compare to its perceived disadvantages.
