Answers created by Jim Vernon
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Why is there a deadweight loss from taxation?
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What causes stagflation?
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What is a fiscal cliff that a government can have occur?
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What is a Keynesian multiplier?
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Question #a0084
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Why is the crowding-out effect important?
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What is the process to convert the nominal GDP rate into a real GDP rate?
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How can the labor market equilibrium be affected by supply?
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Question #00ae9
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Question #03f83
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How does market size affect an individual or market demand curve?
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Within the Phillips curves, how does inflation affect unemployment and vice versa?
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Why is it possible that negative externalities lead to inefficient overproduction?
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Why is normal profit an opportunity cost?
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How does fractional reserve banking create money?
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How does absolute advantages change over time (if they do)?
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What are some examples of equity financing?
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Why would government involvement cause the crowding-out effect?
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What is actual employment output?
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When is optimal consumption achieved in a process?
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Is it possible that excess capacity or inefficiencies are a good thing in a monopoly? Why or why not?
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How does a monopoly market structure differ from perfect competition and an oligopoly?
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How does minimum wage effect market equilibrium?
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Can real interest rates be negative?
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What are some reasons one would want to apply the nominal value of a good or service in an economical analysis?
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How do price controls distort incentives?
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Question #4c506
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How is allocative efficiency achieved in pure competition?
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What is the Taylor Rule with respect to the equilibrium real interest rate?
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Why is economic growth so important?
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Explain how production possibilities curves show efficiency growth and cost?
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Question #07e6c
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Why is consumer surplus a measure of consumer welfare?
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Why specialization is important in the operation of a market?
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What are some examples of long-term costs?
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Are all forms of money in an economy tangible or not and why?
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As an example, what are the most common measurements of money supply used by the Federal Reserve?
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Question #2b113
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Why is it important to review the concept of deadweight losses when looking at consumer or product surpluses?
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Question #4a7b3
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How is the concept of the time value of money important to a company?
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Why does macroeconomics matter?
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How does elasticity affect price?
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What are reasons why income equality happens?
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What is considered a long-term production cost?
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Is it possible for a monopolistic firm incur losses in the short-term or longer-term when attempting to maximize profit? Why or why not?
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How does opportunity cost related to the problem of choice between alternatives?
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Question #8dde8
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How does a production possibility curve illustrates the trade off of supply and demand?
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How can equilibrium be unstable in an economy?
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How does the crowding out effect the economy?
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What is money?
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Why is inflation a good thing or bad thing in an economy?