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As best we can tell, responded the central bank governor, the center of the 2 percent inflation target, namely 1 percent, appears to correspond to genuine price stability once the various sources of bias in the CPI are allowed for." An example of bias in the CPI measure is that it
a) ignores import prices b) ignores investment goods
c) ignores most quality changes d) values government output at cost
"The Commerce department announced that it is shifting from 1987 to 1992 as the base year for calculating the nation's real GDP and price index."
The Rusty Anchor Bar has two-types of patrons: legal and underage drinkers. Even though it is illegal to allow entry to underage drinkers, there is no perfect way to identify underage drinkers since they often use fake identification card.
Are global consumers spoiled and unrealistic in their expectations, or are they finally demanding their rights in the marketplace? How has the worldwide demand for quality driven the concept of innovation? How has innovation changed your life?
7.Consider a small open economy that uses peso as a national currency and allows it to float against foreign currencies. Suppose that the price level includes the peso prices of domestic goods and the peso equivalent of the dollar prices of imp..
Production possibilities have been used by several economist to develop their theories. What is its definition?
Suppose that a firm in a perfectly competitive industry has the following total cost schedule; Compute a marginal cost and an average cost schedule for the firm.
Refer to the following data on the U.S. consumer price index and answer the questions below. a. Compute the inflation rate for each year 1989-2006. b. Which years were years of inflation c. In which years did deflation occur d. In which years did dis..
(i) Calculate the principal that will earn a total of £2,535 in 4 years at 3¼% simple interest per annum. (ii) Calculate the amount of interest earned in the first year
Provide a cost-benefit analysis for a company which has to decide whether to hire more staff or hire temporary workers to meet production schedules. Determine how managers would use your cost-benefit analysis to make this decision.
Assume the following demand and supply equations: Qd = 1000 - 40P, and Qs = 400 + 20P. Calculate the intercepts and the slopes of the two curves.
short answer questions1. explain the law of diminishing marginal utility. why does it occur?2. the value of cross price
Write-up for a case in macroeconomics and find a list of indicators for a number of emerging market economies
Analyze the factors that influence the banks desired excess reserve ratio, r e . What would happen to the magnitude of r e if:
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