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If Y = -10X and X = -0.1Y, then r is equal to:
Two duopolist firms, 1 and 2, sell a homogeneous good in a market with the demand function Q=100−2P, where Q is the quantity demanded at price P. Firm...
In case of full Crowding out effect what is the shape of the LM curve
Which of the following is an implication of the Solow Growth Model regarding long-term economic growth?
Law of diminishing returns only applies to cases where
Consider an economy described by the following equations:
C = 100 + 0.6 ∗ (Y − T) (consumption function)
I = 200 − 10...
Let the utility function of a consumer be given by U(x,y) = min {y+2x, x+2y}. Prices are given by Px=1, Py=3, while the consumer’s income is...
In the long run, the steady state rate of growth of a capitalist economy
While calculating Pearson's correlation coefficient, the following values are obtained for 25 pairs of observations. It was later discovered that two pa...
Consider a Solovian economy with the aggregate production function Yt = K1/2l1/2 . The initial size of the population is 10...
