WiCland's aggregate demand is given by the following equation:
If a budget deficit of 3% of the GDP is the highest acceptable, then Y could be:
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Three friends (Donald, Bob and Catherine) want to dine out. They may choose among an Italian, a Mexican and a Vietnamese restaurant. Their ordinal preferences are as follows: i) Donald: Italian < Mexican < Vietnamese ii) Bob: Vietnamese < Italian < Mexican iii) Catherine: Mexican < Vietnamese < Ital
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The firm and its customers Your friend finally became rich and their income increased from 10,000 to130,000. This led them to move from a 50 m2 house to a 200 m2 house in the same neighborhood. The coefficient of income elasticity of demand will be equal to:
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A government is concerned about the high price of a drug essential for a rare disease. Which of the following measures would be most effective in reducing the drug's price while ensuring its availability to patients?