(SOLVED) 1 What fundamental condition must hold true at

a parent s
1 What fundamental condition must hold true at a parent s 1. What fundamental condition must
hold true at a parent’s consumer optimum when the parent simultaneously purchases two
different kids’ apps? 2. Why have recent drops in prices of kids’ apps generated both real-
income and substitution effects for […]

1 Why is it important to keep in mind that 1. Why is it important to keep in mind that relating a
proportionate change in the quantity of an item to a proportionate change in that item’s price
yields the price elasticity of demand only when all other things are […]

1 As increased taxes on traditional cigarettes have pushed up 1. As increased taxes on

traditional cigarettes have pushed up their market-clearing prices, is the quantity of traditional
cigarettes demanded more or less responsive to price changes than it was a decade ago?
Explain. 2. Do you suppose that the […]

1 Why might Russia s long run economic growth rate increase if 1. Why might Russia’s long-
run economic growth rate increase if it allows increased immigration from China and other
nations? 2. How could South Korea’s long-run rate of growth of real GDP per capita shrink to or
below zero […]

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Consider a situation in which a future president has appointed Consider a situation in which a
future president has appointed Federal Reserve leaders who conduct monetary policy much
more erratically than in past years. The consequence is that the quantity of money in circulation
varies in a much more unsystematic […]

Suppose that the greater availability of online job placement services Suppose that the greater
availability of online job placement services generates a reduction in frictional unemployment
during an interval in which the inflation rate remains unchanged. Would the result be a
movement along or a shift of the short-run Phillips […]

You pay federal income taxes at a 28 percent marginal tax rate. You have the choice of buying
either a taxable corporate bond paying 7.10 percent coupon interest or a similar maturity and
risk municipal bond paying 5.90 percent coupon interest. a. Which bond offers the higher after
tax yield? […]

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