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Suppose in country Triniland employers are required to pay overtime at 50% above the normal wage rate for workers who work beyond 8 hours a day.
Use your diagrams in (a) and (b) to analyze and show graphically the change in work incentive facing workers who were working overtime (more than 8 hours) before this new law. You may use the same graph as in (a) and (b). (Note you must tell me what happens to work and leisure hours after the law change).
Describe the Soviet Rapid Development Model
When the Bank of Canada sells the government bonds to a commercial bank, the commercial bank experiences a decline in reserves and in increase in bonds. Total assets are unchanged; this is just a portfolio switch between bonds and cash.
What is real mortgage interest rate in 2001, 2002, 2003 and 2004? What are the values in 2000 dollars of the Nancy's monthly mortgage payments in the year of 2001, 2002, 2003, and 2004?
Mention and describe the three theories for why the short-run aggregate-supply curve is upward sloping.
Describe what effect an expansionary fiscal policy would've on the price level and real GDP starting from full employment equilibrium.
Plot the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.
Describe the following statement: "In competitive market the least-cost production methods are revealed by entry and exit, while in public utility regulation they're revealed by commission rate hearings. It is easier to fool commissi..
Use the data below to find out the growth of income per person (over the entire period, not an annual basis) between the two years listed.
Draw the demand curve for the bridge crossings. How many people would cross the bridge when there were no toll? What is the loss of consumer surplus associated with charge of toll of $4.00
Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."
The advent of the one man bus involved more capital equipment: an automatically operated coin box and door control device - to name two of the capital goods that replaced the conductor."
The socio-economic shortcomings that China experienced
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