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Question: In Europe nearly two thirds of wages are covered by union collective bargaining agreements; wage rates are determined (or fixed) for a given time period, typically 2 to 4 years. In the United States, only about one sixth of wages are covered. Unemployment rates in Germany, France, and Italy are typically double that (8-12%) of those in the United States (4-6%). Do higher unemployment rates in Germany, France, and Italy mean that their aggregate supply curves are flatter than ours in the United States?
Suppose the wage you are being paid per hour doubles from $15 to $30. Would you decide to work more hours or fewer hours? Is there an income and substitution effect involved in your decision about how many hours you choose to work? If so, what is ..
The airline business is characterized by high capital costs and low profits. Wouldn't competition make the situation worse? Why or why not?
1. let uxy x13y23 and let i 100 px py 1. write the foc for the consumers ump and compute the consumers demand
In the short run, capital is a fixed cost. Draw, for a few different values of K, what the short-run average cost, SRAC, looks like in relation to the long-run average cost.
The purpose of taxes is to generate revenue to allow government to provide services to citizens that they cannot easily provide on their own. If the government chose to reduce taxes by eliminating some tax services
Suppose the government wishes to provide college tuition aid to one of the following groups of high school students. Which target group would most limit the possible extent of indirect effects?
a waiter takes an order at a table and then enters it online via one of the six terminals located in the restaurant
Predict the major changes that would need to occur within the program if the trust fund disappears. Provide a rationale for your position.
economics of environmental policy in turkey a general equilibrium investigation of the economic evaluation of sectorial
If Farmer Jones plants no seeds on his farm, he gets no harvest. If he plants 1 bag of seeds,he gets 3 bushels of wheat. If he plants 2 bags, he gets 5 bushels. If he plants 3 bags, he gets6 bushels. A bag of seeds costs $100, and seeds are his on..
Money is still useful during times of inflation because, the opportunity cost of holding a dollar is, The money supply is
Jay Ritter, a professor at the University of Florida, was quoted in the Wall Street Journal as saying about Facebook: "It's entirely possible for a company to have solid growth prospects while its stock is overvalued." What does it mean to say tha..
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