Refer to the graph below.  Suppose that the world supply curve is SW1.  What is the balance of trade and what is most likely going to happen to the value of the currency based on the balance of trade?  

Refer to the graph.  Suppose the economy is at SAS2 and AD3. What is a possible way the economy can return to potential output? What dynamic price level feedback effect could prevent the return to potential output? How would the dynamic price level feedback effect show up in the graph?

Suppose that the market is initially at an equilibrium price of $6 and an equilibrium quantity of 40 units. If the government decides to add a $2 per-unit tax on this good, producer surplus will fall from:

Solve the problem.If the half-life of an element is 67 yr and the initial quantity is 3 kg, write a function of the form Q(t) = Q0e-kt to model the quantity of the element left after t years. Round k to 4 decimal places.

If the U.S. price level rises, this will cause:

#2. (a) Let and

If consumers were forced to pay $13 per unit for this good in the graph above instead of the equilibrium price of $10 per unit, consumer surplus would fall from:

Refer to the graph.  Suppose the economy is at SAS1 and AD2. What is a possible way the economy can return to potential output? What dynamic price level feedback effect could prevent the return to potential output? How would the dynamic price level feedback effect show up in the graph?

Utilize the following graph. Assume that initially the market is at an equilibrium price of $6 per pound and an equilibrium quantity of 40 pounds. Suppose that the government institutes a $2 per-pound tax on this product. Given this information how much tax revenue will the government collect?  

In what way is individual debt similar to government debt?