Econ 1500 Study guides, Class notes & Summaries

Detailed notes on economic statistics module 11.

Detailed notes on economic statistics module 12.

Detailed notes on economic statistics module 5.

ECON 2006 Practice Problems solved exam solution new docs 79/79 questions and answers solution docs 1) If real salaries increase but nominal salaries do not, this means that: A) the purchasing power of money has decreased. B) prices have not changed. C) prices have risen. D) prices have fallen. 2) Suppose your bank pays you 4 percent interest per year on your savings account, so that $100 grows to $104 over a one-year period. If prices increase by 3 percent per year over that time, a...

1. Which of the following is true with regard to a good decision? a. It ensures that good outcomes will be obtained b. It accounts for unlucky outcomes c. It should be independent of the sequencing of uncertainties and decisions d. It should incorporate all information about uncertainties and alternatives e. All of these options 2. All problems related to decision making under uncertainty have three common elements: a. the mean, median, and mode b. the set of decisions, the cost of each decisio...

ECON 104 HOMEWORK 6 QUESTIONS AND ANSWERS Consider the following model i) C = 1500 mpc (Y - tY) ii) I = 800 iii) G = 500 iv) X - M = 500 - mpi (Y) where: t = the (flat) tax rate mpc = the marginal propensity to consume mpi = the marginal propensity to import suppose mpc = .80, t = .25, mpi = .2 Given the information above, solve for the equilibrium output: We know that the formula for the (government) spending multiplier is 1/(1-mpc(1-t) mpi). The value of the government spending multiplier in t...

UNIVERSITY OF ARIZONA ECON 200 Chapter 3,Chapter 4 & Chapter 5 Study Guide Questions & Answers Chapter 3 1. The most expensive private high schools in New York City cost close to $50,000 a year to attend. That is MORE than it costs to attend some elite universities. What explains why the tuition is so high at these schools? A) There is very high demand. B) There is a limited supply of highly prestigious schools. C) The demand is low but supply is large. D) The demand is quite high and the...