calculate the GDP deflator for 2012 and 2013 as well as the inflation rate for 2012 and 2013 using the GDP deflator.

Q: Suppose the Bank of YMM has deposits of $50000 and target reserves are equal to actual reserves of…

A: Commercial banks must hold a specific amount of their total deposits either with themselves or with…

Q: Which of the following would be considered a leading indicator? Question options: 1) Inflation…

A: Economics is where the phrase "leading indicator" first appeared. The goal was to identify…

Q: Briefly discuss what consumer ( at least 2 sentences) and business ( at least 2 sentences)…

A: In an economy, both the consumer and producer play an important role as the consumer derives demand…

Q: Let R(x), C(x), and P(x) be, respectively, the revenue, cost, and profit, in dollars, from the…

A: Dear student as you have posted multipart question, we are supposed to do only the first three…

Q: The minimum wage is an example of O a price ceiling a command economy a price floor the free market

A: The minimum wage refers to a lowest remuneration that employers will be legally paying to their…

Q: Two bidders compete in a sealed-bid auction for a single indivisible object. For each bidder i, the…

A: In the sealed-bid auction, when bidders place their bids without being aware of the other…

Q: Explain the two causes of inflation

A: Inflation is the increase in the general price level of the economy.  It is not considered good for…

Q: How consumer trends and insights fuell the growth of digital marketing.

A: Consumer insight: The understanding and interpretation of customer data, behaviors, and feedback. It…

Q: . Consider a marriage market with three men and three women, all of whom prefer any match to being…

A: A matching is said to be stable if (a) every individual gets an acceptable partner and (b) no woman…

Q: Which letter is correct in this multiple choice question? The lowest non-inflationary rate. It…

A: Natural unemployment refers to a type of unemployment that exists when there is a perfect…

Q: The demand in market 1 is D₁ = 24 - P1₁ The supply in market 1 is S₁ = -2 + P₁ The demand in market…

A: Given function D1=24-P1 S1=-2+P1 D2=16-P2 S2=2+P2 Cost of transportation Pt=2

Q: Assume that the market supply curve for potatoes is Qs1 = 12 + 0.5P, and that there are two…

A: In any region or state the equilibrium is said to occur when demand is equal to its supply.  Storage…

Q: 4. If a bank with $500 in deposits is holding reserves of $60 when the reserve ratio is 10%, the…

A: Reserve ratio is the reciprocal value of money multiplier.

Q: 3. Trade Dispute You are a research associate covering the solar panel industry for Goldman Sachs.…

A: Trade disputes happen when two or more nation retaliates against one another by imposing a tariff,…

Q: 2. What should be the value of a so that Player 1 will have a dominant strategy? PLAYER 2 C D (3,4)…

A: The player 2 plays D then player 1 would have the optimum strategy of choosing strategy B , hence…

Q: Axel's business has grown to the point where he had to hire a payroll department and HR department…

A: Diseconomies of scale is when the firm is experiencing the increasing average cost when output…

Q: Hyundai USA has numerous robotic welders as well as robotic checkers with vision. One underbody…

A: Initial Cost = 1200000 Savings per year = 500000 Expenses = 120,000 7 year property class has…

Q: Write out the extensive form of a game between a farmer (playing in the first round) and nature…

A: Given that, Pay a cash rent = $1500 Price of Corn = $3500

Q: What is the capitalized cost of a machine with an initial cost of $250,000, maintenance and…

A: Capitalised cost is the present worth of the project with infinite life.  CC = A(P/A, i, n).

Q: Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs…

A: Dear student as you have posted multipart question, we are supposed to do only the first three…

Q: What's the role of over- the-counter (OTC) market, does OTC market have middle man, if it has middle…

A: An Over-the-counter (OTC) market is a system where buyers and sellers trade various stocks,…

Q: The millions of dollars already spent on development of new computer software (which will be…

A: New ideas, procedures, or scientific discoveries are protected by patents; brands, logos, and…

Q: What is a mortgage? What were the important developments in the mortgage market during the years…

A: During the late 1960s and early 1970s, the rate of interest of the mortgage loan was unpredictable…

Q: What is the meaning of the term ‘the tragedy of the commons’? Discuss examples of ‘tragedy of the…

A: The tragedy of the commons basically refers to a term that is used in economics to describe a…

Q: A shipping company moves cars from Texas to Maryland with the demand curve Q = 5000 - 100P and ships…

A: Equilibrium Notably economics, the phrase "equilibrium" is frequently employed. The term…

Q: the 50,000 from the depreciation formula, is it the annual profit or is it the salvage value

A: The monetary worth of an asset falls over time because of use, wear and tear or obsolescence. This…

Q: What is the future of central bank frameworks ?

A: A financial organization known as a central bank has exclusive authority over the production and…

Q: Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs…

A: The revenue function will multiply the level of output by the price function. Revenue will be…

Q: SCENARIO: Developers of a new housing scheme spend money putting in roads, lighting and clearing…

A: Market failure is a situation when the market fails to achieve the socially efficient equilibrium…

Q: If a bank has $200,000 of checkable deposits, a required ratio of 20 percent, and it holds $80,000…

A:

Q: Two bidders compete in a sealed-bid auction for a single indivisible object. For each bidder i, the…

A: Let the valuation of two bidders be  : b1 & b2  Also the their valuations for the bid be : v1…

Q: The aggregate production function is y=3KL. If they are 30 units of capital and 40 units of labor,…

A: The term "capital" refers to the production factor, which includes the tools and machinery employed…

Q: (1) Specialization increases productivity which results in of a De creasing revenue b increa song…

A: Specialization enhances the productivity i.e. the ratio of inputs to outputs. Specialization…

Q: ChemCo Enterprises is the manufacturer of Ultra-Dry, a hydrophobic coating that will…

A: Given: First Cost=$43000 Annual costs=$18000 Annual Revenue=$40000 Salvage value=$4000 Number of…

Q: Trade Deficit O the price of one country's currency in terms of another country's currency O occurs…

A: Exported products are the goods sold by domestic producers to foreign residents. Imported products…

Q: 600 Domestic Demand PRICE (Dollars per ton) 500 560 530 500 470 440 410 380 350- 320 0 30 60 90 120…

A: Consumer Surplus: Consumer surplus is the net benefits that the consumer receives by purchasing…

Q: Question 7 Sherman Antitrust Act outlawed agreements in restraint of trade, including cartel…

A: The antitrust policy simply means the government regulation to curtail the exercise of monopoly…

Q: What is the key approach to selecting a study design and correspondingly, your approach to…

A: Research study design is a framework, or a collection of methods and steps, used to gather and…

Q: A couple is interested in flipping houses (or the process of purchasing homes, make repairs, and…

A:

Q: Foreign exchange rate O the price of one country's currency in terms of another country's currency O…

A: Foreign exchange rate refers to the rate at which foreign currencies are bought and sold.

Q: Into the Abyss and Back: COVID-19 and the Economy is a case study by Colombia CaseWorks which this…

A: The Covid-19 pandemic has led to global economic meltdown since 2020. All sectors in the economy…

Q: According to the Keynesian-cross analysis, if the marginal propensity to consume is 0.6 and…

A: According to the Keynesian cross model, the aggregate expenditure is equal to the income of a…

Q: Explain the term price elasticity of demand?How is it measured?If the price elasticity is -3 and RM…

A: Elasticity is a term used in economics to describe how a good or service's total quantity required…

Q: The nominal exchange rate is the price of one currency in terms of another currency. A nominal…

A: Exchange rate: Currency depreciation is the loss of worth of a currency in terms of another…

Q: 10. If the reserve ratio is 20% and the banking system has excess reserves of $50 maximum amount of…

A: Money multiplier is the reciprocal value of the required reserve ratio.

Q: 25% chance to win $50 20% chance to win $80 Sure win of $50 80% chance to win $80 a. Show that it is…

A: Expected utility theory is a tool used for evaluating the decision of a person in a situation when…

Q: Suppose that Omar's marginal utility for each additional cup of coffee is 5.5 utils per cup no…

A: The utility received by consuming an additional unit of a good is called the marginal utility of the…

Q: The graph below shows an economy operating at equilibrium in both the short run and long run at its…

A: Stagflation is the synchronous appearance of an economy of slow growth, high unemployment, and…

Q: Use the table to answer the questions. Define productivity as GDP per worker, and please enter all…

A: GDP refers to the sum total of the market value of the final goods and services produced in a…

Q: For Catherine to be considered out of the labor force, she can be:     temporarily absent from her…

A: Labor force refers to the pool of labor supply in the economy. It includes all the employed and…