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Question: If the CPI in year one is 112 and in year 2 it is 118, we can say that consumer prices rose by about blank. During the inflationary period if a worker received a 3% pay raise when the inflation rate was 7%, it means that the worker's real wage fell by blank. Similarly for the economy, if the price level rose by 4% and the nominal output rose by 9%, then the economy's real output has risen by blank . If the price of housing (which accounts for 40% of total expenditures in the CPI basket) also rose by 4% while the prices of all the other goods in the CPI basket remained constant, then the CPI would have risen by blank.
Describe the different economic trade reforms developed and adopted in Colombia by the Gaviria and Santos administrations. What were the advantages and disadvantages of those reforms for each time period and what did those reforms ultimately do or no..
A permanent endowment at the University of Alabama is to award scholarships to engineering students. The awards are to be made beginning 5 years after the $10 million lump-sum donation is made
suppose a firm is currently using 500 laborers and 325 units of capital to produce its product. the wage rate is 25 and
The local bank advertised an investment program with an annual 16% interest rate, compounded quarterly. You can also choose to invest your money.
The Government decides to inject $60 Billion dollars into the economy by upgrading the nation's highway system.
what effects might a decision by these countries to diversify their interrational reserve holdings have on the dollar and what problems might it create for U.S. monetary policy?
suppose that third national bank has reserves of 20000 and checkable deposits of 200000. the reserve ratio is 10
Employee benefits have become more and more an important part of employee compensation. According to the text, what percentage of employee compensation is employee benefits?
Tim Hortons' Risks Tim Hortons has exploded to become a dominant player among quick-serve restaurants. In 2001, it took the risk by switching to centralized.
Write a 1-page summary of the development and influence of farm and corporate food lobbies on governmental nutritional recommendations.
You are the manager of a monopoly and your demand and cost functions are given by P=300-3Q,C(Q)=1,500+2Q^2, respectively. What is the profit-maximizing price and output? Calculate the maximum profits.
What effect would each of the following have on aggregate demand or aggregate supply? Explain.
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