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Macroeconomics Recently Posted Questions

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What is your elasticity of demand for going to this school
What is your elasticity of demand for going to this school? Is it elastic, inelastic, or unit elastic? Explain your reason. If tuition rose 10%, what would you do?What is your elasticity of demand for …
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ECON 201 - Label the vertical and horizontal axes appropriately
Draw an AD/SRAS/LRAS graph in initial long run equilibrium. Label the vertical and horizontal axes appropriately. Clearly identify the original price and real GDP level. On this graph, demonstrate wha …
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ECON 201 - Identify the original price and real GDP level
Draw an AD/SRAS/LRAS graph that depicts an economy in an inflationary gap (we are not starting in initial equilibrium but in an inflationary gap). Label the vertical and horizontal axes appropriately. …
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The Latin expression ceteris paribus means
1. The Latin expression ceteris paribus meansa. having made all other necessary changes.b. holding constant all other variables.c. assuming all households have similar incomes.d. given the level of in …
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ECON 1200 - A country has a comparative advantage
QUESTION 1A country has a comparative advantage in producing some good X if it:a.uses fewer resources to produce good X than its trading partners do.b.produces good X at a lower opportunity cost than …
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