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In order to counter the current recession Congress increases welfare and unemployment transfers what is the short run impact of the government actions on price level and output?
Do you think healthcare spending contributes to the nation's GDP substantially? Explain. Do you think Real GDP reflects adequately our standard of living? why? why not? Share with us how your family and your hospital contribute to the nation's GDP.
Pure or economic profit is:
Suppose an economy has the following per-worker production function: What is the consumption in the initial period? What is the change in the capital-labor ratio in the initial period?
Compared to the average net worth of white families, the average net worth of black and Hispanic families is ______. (LO1)
A solar panel has an installed cost of $2900, and it reduces the homeowner’s energy bill by $29 per month. The residual value of the solar panel is negligible at the end of its 11-year life. What is the annual effective IRR of this investment?
A Bristish pharmaceutical company spent several years and considerable funds on the development of a treatment for HIV patients. Now,with the protection afforded by patent rights,the company has the potential to reap enormous gains.
Suppose the demand for labor market is given by Labor = 408−2wage and the market supply is given by Labor = 10wage. Suppose a minimum wage is placed on wages that sets the wage at $50. Find the quantity demanded and supplied, and the amount of unempl..
Explain why a nation that imposes tariffs on imported goods may find its welfare improving should the tariff result in a favorable shift in the terms of trade.
A union is trying to form in a company that you are working at. When the union representatives come to you to pitch the union, they extol the uniqueness of their system, where you receive the benefits of collective bargaining, but if there comes a ti..
The slope of the short-run aggregate supply curve can be explained by:
Illustrate what money supply should the Fed set in yr 2009 if it wants to keep the price level stable?
Two bidders are about to compete in an auction for an object. Each of them has a private value for the item that the other believes is distributed uniformly from zero to fifty. Suppose that the auction format is a first-price sealed-bid auction. Prov..
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