Suppose that a U.S. dollar buys more gold in Australia than it buys in Russia. What does purchasing-power parity imply should happen?

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Q: Suppose the demand equation is  where x is the number of items sold when the per unit price is p…

A: - Demand equation: , where is the number of items sold, and is the price per unit in dollars.

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A: Marginal cost (MC) is a fundamental concept in economics that represents the additional cost…

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Q: 1. Recall the productivity and wage information in Lecture 11.1 for Australia and Foreign. Suppose…

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Q: Assume potential GDP is 3,500 and actual GDP is 3,000. If the consumption function is C=100+0.5Yd ,…

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Q: In 2016, you need $60000 a year to live comfortably.Assuming inflation remains at zero percent per…

A: In 2016, you need $60,000 a year to live comfortably.Assuming inflation remains at zero percent per…

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Q: Suppose that each person's demand for a project can be expressed as P = 100 - 20Q. Suppose that the…

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Q: Which of the following news headlines is most likely to strengthen a country's currency in the…

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Q: An increase in taxes when the economy is above full employment OA. increases; falls B. increases;…

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Q: 53) A monopolist faces a straight-line demand curve and is currently producing an output level of…

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