Macroeconomics

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Which of the following goods would be most likely to feature an income elasticity of zero? a. ... Started by TVarnum	1 Replies 50 Views	Jun 30, 2018 by Dnite
If policies of the Fed cause the money supply to increase, and velocity is held constant, the ... Started by kfurse	1 Replies 63 Views	Jun 30, 2018 by Galvarado142
If real GDP in Sweden was SEK 822 billion at the end of 1993 and SEK 950 billion at the end of 1994, ... Started by Mr. Wonderful	1 Replies 51 Views	Jun 30, 2018 by Bigfoot1984
According to the rule of 72, if you have 15,000 in an account that grows at the rate of 12 percent ... Started by mspears3	1 Replies 44 Views	Jun 30, 2018 by efwsefaw
In the equation of exchange, an increase in M of 8 percent could be accompanied by changes in ... Started by strangeaffliction	1 Replies 44 Views	Jun 30, 2018 by chreslie
The rule of 72 is a formulation that allows us to know, in a very quick and simple manner, the ... Started by kfurse	1 Replies 55 Views	Jun 30, 2018 by akudia
A tax is imposed on orange juice. Consumers will bear no burden from this tax if the: a. demand for ... Started by Hungry!	1 Replies 62 Views	Jun 30, 2018 by SAUXC
When you are calculating how long it will take your initial bank deposit to double, the rule of 72 ... Started by nelaaney	3 Replies 49 Views	Jun 30, 2018 by heyhey123
If the government increases its efforts to reduce illegal drugs which of the following would explain ... Started by Diane	1 Replies 62 Views	Jun 30, 2018 by s.meritte
If M increases and V decreases: a. nominal GDP increases. b. nominal GDP decreases. c. nominal GDP ... Started by jasdeep_brar	1 Replies 83 Views	Jun 30, 2018 by diesoon
If the per capita real GDP in a country grows, it definitely implies that the average citizen of ... Started by SO00	1 Replies 75 Views	Jun 30, 2018 by parshano
In 1991, Congress levied a 10 percent luxury tax on yachts over 100,000 . The tax brought in far ... Started by nenivikky	1 Replies 74 Views	Jun 30, 2018 by joewallace
If V falls faster than M increases: a. nominal GDP increases. b. nominal GDP decreases. c. nominal ... Started by Mollykgkg	1 Replies 83 Views	Jun 30, 2018 by jxjsniuniu
Among the following pairs, which is likely to have the greatest price elasticity of demand? Why? a. ... Started by craiczarry	1 Replies 82 Views	Jun 30, 2018 by katheyjon
A family friend is shopping for an exclusive Vera Wang wedding gown for 8,000 but feels that the ... Started by jasdeep_brar	1 Replies 75 Views	Jun 30, 2018 by aliotak
If the amount of money in circulation is 50 million and nominal GDP is 150 million, then the ... Started by DelorasTo	3 Replies 186 Views	Jun 30, 2018 by amit
Since the definition of economic growth does not take into account the growth of the country's ... Started by K@	1 Replies 70 Views	Jun 30, 2018 by FergA
In a recent fare war, America West reduced the price of its roundtrip airfare from Charlotte, North ... Started by mrsjacobs44	1 Replies 55 Views	Jun 30, 2018 by beccamahon
If the monetary authorities persistently expand the money supply at a rapid rate, the probable ... Started by jlmhmf	1 Replies 73 Views	Jun 30, 2018 by mjbamaung
Consumer spending is considered a determinant of economic growth. a. True b. False Indicate ... Started by SGallaher96	1 Replies 62 Views	Jun 30, 2018 by eliasc0401
Calculate the elasticity of demand when an increase in supply causes the equilibrium price and ... Started by Alygatorr01285	1 Replies 97 Views	Jun 30, 2018 by durant1234
If M increases, and V remains constant: a. P must rise. b. Q must rise. c. P and Q must each rise. ... Started by faduma	1 Replies 98 Views	Jun 30, 2018 by GCabra
Other things equal, a country's long-run aggregate supply will shift to the right when the ... Started by mcmcdaniel	1 Replies 105 Views	Jun 30, 2018 by lucas dlamini
Calculate the income elasticity of demand for DVDs, where a 10 percent increase in income results in ... Started by tfester	3 Replies 522 Views	Jun 30, 2018 by fatboyy09
An increase in M or an increase in V, other things equal, would definitely increase: a. the price ... Started by Destiiny22	1 Replies 137 Views	Jun 30, 2018 by aidanmbrowne