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Many police officer positions require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material. Why don’t police departments increase their applicant pool by dropping this requirement?
Explain why calculating GDP using income approach or expenditure approach yield the same for any economy. Use the idea of circular flow to explain how expenditure approach and income approach is shown in the circular flow diagram. What are the two fl..
Public health information can be broadcast at a cost of $100. Public health information is a pure public good, in that many people can use the information simultaneously and preventing people from using the information is very difficult. how many bro..
If the Fed purchases Treasury Bills from banks:
Suppose the consumption behavior in problem 1 changes so that C=100+0.9Y, while I remains at 50. Assume an economy without government and without trade. Suppose the Consumption function is given by C=100+0.8Y , whereas I=50.
Give an example of an event or incident that has taken place in the U.S. economy which has a major economic impact--be specific, e.g., 9/11 attack,
If marginal cost is rising in a competitive firm's short-run production process and its average variable cost is falling as output is increased, then: A. average fixed cost is constant. B. marginal cost is below average variable cost. C. marginal cos..
Concert tickets to see Adele have increased from 100$ to 150$.
Suppose a (very small) country has a central bank who has issued 100m of money, where nominal output is 350m annually. How frequently is the average piece of money used? Give two realistic occurrences that might drive changes in the velocity of money
insist that this represents a rightward shift of aggregate demand curve. Who is right. Explain.
Assume that there are two identical firms in an industry, each producing the same good at the same constant marginal cost of $60. Make a table, similar to the one we made in class, for the Bertrand, Cournot and Monopoly models, showing the following:..
this question uses the general monetary model where l is no longer assumed constant and money demand is inversely
Why do Caterpillar and your parents have different opinions about the value of the dollar.
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