Questions from Macroeconomics

Q: What is the relationship between the probability of a person being admitted

What is the relationship between the probability of a person being admitted to the college of his choice and the tuition the college charges?

Q: There is a decrease in the number of sellers of this good

There is a decrease in the number of sellers of this good: The equilibrium price will _______________ and the equilibrium quantity will _______________.

Q: Sellers expect the price of this good to fall in the future

Sellers expect the price of this good to fall in the future: The equilibrium price will _______________ and the equilibrium quantity will _______________.

Q: There is a decrease in taxes on producers of this good:

There is a decrease in taxes on producers of this good: The equilibrium price will _______________ and the equilibrium quantity will _______________.

Q: There is a decrease in preferences for this good:

There is a decrease in preferences for this good: The equilibrium price will _______________ and the equilibrium quantity will _______________.

Q: There is an increase in the number of buyers of this good

There is an increase in the number of buyers of this good: The equilibrium price will _______________ and the equilibrium quantity will _______________.

Q: What will happen if buyers expect the price of this good to

What will happen if buyers expect the price of this good to rise in the future and, at the same time, there is an improvement in the technology used to produce this good, and demand shifts by less tha...

Q: What will happen if there is an increase in income and this

What will happen if there is an increase in income and this is an inferior good and, at the same time, subsidies to producers rise, and demand and supply shift by equal amounts? The equilibrium...

Q: Based on the following data, compute (a) the unemployment

Based on the following data, compute (a) the unemployment rate, (b) the structural unemployment rate, and (c) the cyclical unemployment rate. The frictional unemployment = 2 percent, natural unemploym...

Q: Using Exhibit 2, compute the percentage change in prices between (

Using Exhibit 2, compute the percentage change in prices between (a) 1966 and 1969, (b) 1976 and 1986, and (c) 1990 and 1999.