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Go to the Bureau of Labor Statistics Web site and locate its information on the Consumer Price Index for All Urban Consumers (called the "CPI-U"). What is its current value? What month is this for? How does its value in this month compare to its value for the same month a year ago? (That is, by what percentage has the index risen? Use the "seasonally adjusted" number.)
Elasticity shows the responsiveness of supply or demand to changes in price. What are the factors exerting influence on price elasticities of supply and demand? Think of another good that you have purchased recently (or you could continue with the go..
Look up the Common Agricultural Policy and explain what this policy means and why China and India are so set against such a policy. Also, explain if you agree or disagree with China and India and defend the position
Suppose that the money demand function of country Y is (M/P)d = L(i, Y ) = L(r + Eπ, Y ). (a) Write down the equilibrium conditions of real money balances (b) What will happen to the inflation rate, if money supply goes up? (c) What will happen to th..
According to the article "A Brief History of Mergers and Antitrust Policy" by Edward Herman, what are two reasons in support of antitrust policy?
Linear equation for the consumer assumption and savings schedules takes the general form C=a+bY and S = -a+ (1-b) y, where C, S and Y are consumption, saving, and national income, respectively.
An investor estimates that investing €5 million in a particular venture capital project can return $40 million at the end of five years if it succeeds; however, she realizes that the project may fail at any time between now and the end of the fifth y..
Evalute the probability that the company A defaults during the next year assuming that the CDS is priced in a way that makes the expected profit from selling the CDS as zero, and assuming that default probabilities do not vary during the 5 years.
In terms of globalization, in your opinion, has it gone too far, not far enough, or has it been heading in the wrong direction?
What are the four market types? Give an illustration of each. From a social standpoint, what is the problem with monopoly? Discuss this using an example for illustration.
Proponents and opponents agree that foreign aid has been less successful than hoped.
Describe how the following change is likely to affect poverty and inequality: income rises for all worker, but rise more for high-income earners.
To make the financial markets safer, the Canadian government proposes tightening the rules for making a loan. Such rules require higher borrower creditworthiness and shorter pay-back periods. Analyze this proposal in a supply and demand for loan able..
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