The table gives the aggregate demand schedule, the short-run aggregate supply schedule, and the long-run aggregate supply schedule for an economy. What is the quantity of real GDP at the short-run macroeconomic equilibrium? The quantity of real GDP at the short-run macroeconomic equilibrium is $ billion. The economy has O A. a recessionary gap of $50 billion O B. an inflationary gap of $550 billion O C. an inflationary gap of $50 billion D. neither a recessionary gap nor an inflationary gap Price level (GDP deflator) 100 105 110 115 Real GDP Real GDP Real GDP supplied supplied demanded in short run in long run (billions of 2009 dollars) 700 600 500 400 400 500 600 700 500 500 500 500

The table gives the aggregate demand schedule, the short-run aggregate supply schedule, and the long-run aggregate supply schedule for an economy. What is the quantity of real GDP at the short-run macroeconomic equilibrium? The quantity of real GDP at the short-run macroeconomic equilibrium is $ billion. The economy has O A. a recessionary gap of $50 billion O B. an inflationary gap of $550 billion O C. an inflationary gap of $50 billion D. neither a recessionary gap nor an inflationary gap Price level (GDP deflator) 100 105 110 115 Real GDP Real GDP Real GDP supplied supplied demanded in short run in long run (billions of 2009 dollars) 700 600 500 400 400 500 600 700 500 500 500 500

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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what are the numbers that go in the cost table A through L Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
An investor is considering the following two investments.•Investment 1 has an expected rate of return (profit) of 8% and costs $40 per share.•Investment 2 has an expected rate of return (profit) of 5% and costs $30 per share.The investor has $100 to invest to maximize her total expected rate of return, and shemust buy whole shares (not partial/factional shares) of the investments.(a) Formulate the investor’s integer programming problem.(b) Solve the investor’s problem using branch and bound and explain youranswer. How much of each investment does the investor purchase?
• Assuming that there is no government spending or trade, an economy's GDP is the sum of domestic consumption C and investment I, i.e. Y = C+ / • Assume that I is unaffected by GDP • Assume the consumption function is C = co + C¡Y • In any equilibrium aggregate demand, AD must be equal to Y, GDP. Given this model, which of the following statements is correct? Select one or more: O a. The aggregate demand equation is given by AD = co + c¡Y + I O b. cj is equal to autonomous consumption O c. if c1 is a number between 0 and 1, and I+co >0 then the aggregate demand equation is a straight line that must intersect the 45 degree line at some point. O d. In a demand-driven economy the AD curve is a vertical line e. In a demand-driven economy demand is equal to supply in equilibrium f. In a supply-driven economy demand is equal to supply in equilibrium g. In a demand-driven economy, supply creates its own demand O h. If the economy above is a demand-driven economy, then the equilibrium solution…
A doctor's office staff studied the waiting times for patients who arrive at the office with a request for emergency service. The following data with waiting times in minutes were collected over a one- month period. a. Fill in the frequency values below. Waiting Time Frequency 49 11 16 4 2 3 18 11 7 9 8 12 24 7 8 7 13 19 5 4 0-4 5-9 8 4 10-14 15-19 3 20-24 1 Total 20 b. Fill in the relative frequency (2 decimals) values below. Waiting Time Relative Frequency 0.2 0-4 5-9 0.4 0.2 10-14 15-19 0.15 20-24 0.05 Total 1
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Revenue and Costs ($) TC P61 Given TFC = $40.00 Q1 = 30.00 Q2 = 40.00 TR P6 P5 Q3 = 50.00 Q4 = 80.00 Q5 = 86.00 P4. P1 = $40.00 P2 = $50.00 P3 = $60.0o P4 = $150.00 P5 = $200.00 P6 = $210.00 P61 = $320.00 P3 P2 P1 Q1 Q2 Q4 Q5 Q3 Exhibit TR-TC Output (Q) Refer to Exhibit TR-TC for a typical competitive firm. At an output level of Q5, the firm's losses is about O $100.00 O $90.00 O $110.00 O $120.00