When there’s no intervention, the equilibrium quantity is Q…

When there’s no intervention, the equilibrium quantity is Q and the equilibrium price is PE. Suppose the government decides to impose a price ceiling in this market, as it thinks that PE is too high. With the price ceiling, price goes down to Pc, and because of that quantity drops to Q2.   Price Ceiling text only Based with the figure above, match the surplus with the correct areas:

Mary and Matt met Paul, the banker, to work out the details…

Mary and Matt met Paul, the banker, to work out the details of a mortgage. They all expected that inflation would be 2%, and they agreed on a nominal interest rate of 6%. As it turned out, the actual inflation rate was 5%. What was the expected real interest rate? Show your work! What was the actual real interest rate? Show your work! Who benefited and who lost because of the unexpected inflation? Justify your answer!

Mary and Matt met Paul, the banker, to work out the details…

Mary and Matt met Paul, the banker, to work out the details of a mortgage. They all expected that inflation would be 2%, and they agreed on a nominal interest rate of 6%. As it turned out, the actual inflation rate was 5%. What was the expected real interest rate? Show your work! What was the actual real interest rate? Show your work! Who benefited and who lost because of the unexpected inflation? Justify your answer!

Suppose your Chaffey college tuition per semester is $4,000…

Suppose your Chaffey college tuition per semester is $4,000 and your extra expenses with the college during the year (books, other materials, gas, meals, etc.) sum $3,000. If you were not attending college, you could work at firm X and get an annual salary of $ 5,000. What is your opportunity cost of attending college in one year? In your calculations assume that you are taking 2 semesters in a year. Show your work! You won’t get credit if you provide only the final answer! HINT: recall that opportunity cost includes both explicit and implicit cost!

The table below provide data for 2010, 2015, and 2020 in a h…

The table below provide data for 2010, 2015, and 2020 in a hypothetical country: Real GDP and Real GDP per capita Year nominal GDP (in billion) GDP deflator population (in million) real GDP (in billion) real GDP per capita 2010 15,300 90 309 A 55,016.2 2015 18,000 100 321 18,000 56,074.8 2020 20,900 110 330 19,000 D Using the data provided, answer the following: Calculate the values for A (real GDP in 2010) and D (real GDP per capita in 2020) by showing your work.  Which year is the base year? Justify your answer.  Calculate the real GDP per capita growth rate from 2010 to 2020. Show your work! NOTE: This is a file upload question. Work your answer in an excel sheet and upload your file, or simply show your work in a piece of paper, take a picture and upload your file. 

This is a file upload question. Write down your solution in…

This is a file upload question. Write down your solution in a piece of paper, take a picture and upload your file. IMPORTANT: typed solutions will not be accepted!    This is the foreign exchange market of euro. Using the information below, answer the following: Draw the supply x demand graph for euro and indicate the equilibrium exchange rate (in order to get full credit you must label the graph and curves correctly when drawing your graph). Suppose the supply of euro doubles. Draw the new supply curve (in the graph you drew on part (a) and indicate the new equilibrium exchange rate. With this new exchange rate, has the dollar appreciated or depreciated? Justify you answer! With this new exchange rate, what happens to US imports of European goods? Justify your answer!