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Question: In January 1980, the CPI stood at 77.8, and by January 2006, it was 198.3. By what percent have consumer prices increased over this period? Assume college graduates entering the job market were being paid on average $1,200 a month in 1980, and in January 2006, the average was $3,000. Are these newer graduates paid more or less after adjusting for inflation?
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input? What will happen to the labour demand if price of the output goes up?
Suppose the Fed expands the money supply, but because the public expects this Fed action, it simultaneously raises its expectation of the price level. What will happen to output and the price level in the short run
Calculate the official measure of the deficit in year t and calculate the correct (i.e. inflation adjusted) measure of deficit in year t.
"Suppose you got a gift certificate to attend a concert in town. The price of admission is $40. You would be willing to pay $30 to see the concernt. Your neighbor offered to pay you $20 for the ticket. Instead, you gave it to me as a gift. How muc..
What is the relationship between the shape of the position of indifference curves on the budget line and the preference?
What are two main goals of Federal Aviation Administration? Describe them. Who is current FAA Administrator? Tell me about him. According to the text, list and describe the six safety certificates issued by the FAA.
q1. consider the following macro modelwhere y p and m are the logs of real output prices and the money supply
Develop an in-depth analysis and evaluation of the Government Accountability Office's planning, organizational design, decision-making process, and implementation and then provide recommendations for improvement. Therefore, you will conduct..
What are the risks for the macro economy if a bank fails, that do not exist for other businesses? If banks could participate in other lines of business, what benefits would there be for consumers?
In a multibank system, an individual bank makes loans only up to the level of its excess reserves, while the whole commercial banking system can lend out money that is a multiple of the original bank's excess reserves. Why is there this difference..
International Drilling Company segments its foreign markets by the income levels of a country's population. This firm segments on what basis?
As a manager of a financial planning company you have two financial planners, Phil and Francis. In an hour, Phil can produce either one financial statement
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