Which of the following is the best example of an automatic stabilizer? O national defense expenditures O discretionary fiscal policy O the minimum wage O the unemployment compensation program.

Q: Suppose that Ruby's employer offers a retirement plan. Ruby decides to invest $350 per month into…

A: A savings plan is a kind of insurance plan in which individuals can accumulate the funds that they…

Q: Peter Kotrodimos puts $100 into his checking account. The reserve requirement for the bank is .20.…

A: Reserve are the part of deposit that is kept out of the deposit by the bank.  Multiplier is given by…

Q: Determine whether the scenarios below shift the short-run aggregate supply curve ("AS") or the…

A: Aggregate demand is the sum of Consumption, Investment, government spending and net export.  Any…

Q: If Canada's economy moves into an expansionary phase of the business cycle, then:   Group of answer…

A: In expansionary phase the Aggregate demand is at boom and the unemployment is at lowest point.…

Q: QUESTION 5 The price in an oligopoly market when companies compete is: O a Higher than in perfect…

A: Oligopoly market is a market form wherein there are a few firms only engaged in the production of…

Q: If your willingness to pay for a coffee is 35 dirhams, and the price is 20 dirhams. What is your…

A: Consumer surplus is an economic measure of the benefits received by consumers as a result of market…

Q: Ellie purchased a ticket for the Kanye West concert for $15. She waited in line for an hour to buy…

A: An opportunity cost refers to the cost incurred by an individual for foregoing the next best…

Q: Consider a labor market where the matching function UV is given by H (U,V) = A, where A=0.5. U+V'…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: If your total profit is 8000 dirhams and your total revenue is 10000 dirhams. How much is your total…

A: Marginal cost is the cost of production incurred for each additional output generated. It can be…

Q: The following data give the yearly inflation rate and money supply growth rate (both measured in…

A: Regression analysis represents the relationship between dependent and independent variables. It…

Q: The Money Supply:

A: Money supply with immediate cash in = Demand or checkable deposits + money market checking account +…

Q: Compare the functions of the Federal Reserve district banks with those for the Board of Governors. O…

A: Banks are the financial institutions in any country that aim at building proper relationships…

Q: As a manager of a chain of movie theaters that are monopolies in their respective markets, you have…

A: Price strategies are the strategies and methodologies companies utilize to decide the rates they…

Q: Consider a Solow economy with a production function F (K, L) = Kª L¹-ª, where a = 0.5. The labor…

A: The Solow Growth Model is an exogenous economic growth framework which analyzes changes in an output…

Q: After having started a highly unpopular war in Europe, the president of Leninslavia can only sell…

A: Price discrimination refers to the situation when the seller of a good is able to sell the same…

Q: a. Draw the marginal private cost of irrigation on the graph. Instructions: Use the tool provided…

A: "Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Due to , a natural monopoly's average cost is  as its output rises.     a Economies of scale;…

A: A natural monopoly has high fixed cost.  And it is only one firm that can serve the market at a…

Q: The figure above shows a housing market with a rent (price) ceiling equal to $1500. With the rent…

A: Producer surplus is the discrepancy between a buyer's willingness to pay and the commodity's market…

Q: Define behavioral Economics and explain why it is different from traditional economics.

A: Introduction: Economics refer to the study of allocation of scarce resources in the presence of…

Q: Consider trade relations between Canada and Mexico. Assume that the leaders of the two countries…

A: Nash equilibrium refers to the best course of action of a player provided the strategy of rival firm…

Q: 30. In a simultaneous-move game of incomplete information, a player's payoff function is determined…

A: A simultaneous-move game is a game where the action of one player is performed in the absence of any…

Q: Use Cramer's rule to find the value for x which satisfies the following simultaneous equations: 7x -…

A: As given equations 7x - 3y = 4 2x +5y =7

Q: In the goods market when C(Yd) = c0 + c1Yd, the multiplier is bigger when: A. The marginal…

A: Multiplier is given by the following formula :-  Multiplier = 1/(1 - MPC)  MPC is the marginal…

Q: y-axis A 240 Zone 4 Zone 1 1 Zone 3 B Zone 2 In this graph, zone 2 is characterized by x-axis…

A: Swan model explains simultaneous existence of internal and external disequilibrium in the economy.

Q: The marginal revenue (in thousands of dollars) from the sale of x handheld gaming devices is given…

A: The Average Revenue is characterized as the revenue that an organization can profit from by selling…

Q: owns а тоба = 8 + q + 2q².

A: Profit is the reward for bearing the risk. The difference between the Total Revenue and the Total…

Q: Which of the following is least likely to be a cause of the fluctuation of exchange rates?…

A: Exchange rate represents the price of a currency in terms of another currency. The value of exchange…

Q: Suppose that the market is comprised of a single firm, which faces a de- mand curve of P = 110 − 3Q,…

A: A market structure characterized by a single seller selling a product that is unique to the market.…

Q: Refer to the figure, suppose the government imposes a tax of PP". Total surplus after the tax is…

A: Total surplus is the summation of the consumer surplus and producer surplus.

Q: Which of the following is NOT a potential harm of the Monopoly market structure? [Hint: Which is a…

A: Monopoly is a market arrangement when there is only one seller who has complete market control. The…

Q: 25. Which of the following is NOT a property of a subgame? a. Starts at a singleton decision node…

A: A decision tree refers to a graph that uses a branching method to show every possible output for a…

Q: 4The principle-agent model can explain non-profit maximization in firms. Which of the following…

A: When a party  involved in contracts and  negotiations have  less information  than the other…

Q: What are the tools of the Federal Reserve uses to control the money supply? (Check all that apply)…

A: The FED oversees the economy's monetary policy, which aids in regulating prices and preserving price…

Q: In general, increasing a tax on a seller blank A. increases the amount buyers purchase B. increase…

A: In order to get the tax revenue, government chooses to tax on either buyer and seller.

Q: Assume there are only two oil producing countries in the world, C1 and C2. Each can export either 2…

A: A Nash equilibrium is the outcome where no player has an incentive to trade further. Both the player…

Q: n this aggregate demand model, which one of the following statements correctly describes the economy…

A: In the below Aggregate Demand & Aggregate Expenditure model, the economy will be in…

Q: In the following market model, P is price in time t, S and D are supply and demand functions. Assume…

A: Given, Supply Function: S(Pt-1)=aPt-1 Demand Function: D(Pt)=1-bPt where, Pt is the price in time t.…

Q: When is the law of diminishing marginal returns relevant? Selected answer will be automatically…

A: The Law of diminishing marginal return is relevant in the short run. According to the law of…

Q: 3.3 Simple Expenditure Minimization (* Suppose you are trying to minimize your expenditures E = 4x +…

A: Expenditure minimization means that minimum money is required to achieve a given utility level and…

Q: If variable costs decrease, what will a monopolist do?     a raise prices and reduce output. b lower…

A: A monopolist will produce where MR = MC.  MR is the marginal revenue  MC is the marginal cost.…

Q: What is the average variable cost associated with 38 units of output? $1.05 $.95 $.42 O $1.37

A: Total cost refers to the total amount of cost involved in producing the goods and services. These…

Q: The long-run equilibrium quantity in a perfectly competitive structure is productively efficient…

A: A firm produces productively efficient output when price and ATC are equal at an optimal level of…

Q: 45) First National Bank has $160 million in checkable deposits, $30 million in deposits with the…

A: Given information: Checkable deposit = $160 billion Deposit with the Federal reserve = $30 million…

Q: Possibility A B C D Lemonade (L) (units) 45 30 15 0 Consider the above PPF. Which of the following…

A: PPF is the production possibility frontier.  It shows the maximum production possibility that can be…

Q: When a monopoly is producing profit-maximizing quantity, what is the relationship between marginal…

A: The profit function of the monopoly is revenue minus cost. Where monopoly revenue function is a…

Q: Estimate the cost in 2018 of a 950-horsepower steam turbine air compressor if a 200-horsepower unit…

A: The production of a cost estimate for a new project is based on the construction cost data from…

Q: Draw a demand, marginal revenue and marginal cost curve for a monopoly firm. Be sure to label axes…

A: A monopoly is a market structure where a single firm is selling the product in the market which does…

Q: The demand and supply functions for two independent goods are given by 2D₁ = 400 – 5P₁ - 3P₂ and QD2…

A:

Q: QUESTION 24 With perfect price discrimination the monopoly O a eliminates deadweight loss. O b.…

A: In perfect price discrimination,  The monopolist will change the consumer their willingness to pay.…

Q: The real rate of interest Select one: O a. is the same as the inflation rate. O b. is the rate a…

A: The money interest rate is also known as the nominal interest rate.  The nominal interest rate is…