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Define the union wage gain and the union wage gap. Why should we care about the magnitude of the union wage gain? Why should we care about the magnitude of the union wage gap? Under what conditions will the union wage gap provide a reasonable estimate of the union wage gain?
Delmar Custom Homes (DCH) uses two types of crews on its Long Island, NY, home construction projects. Type A crews consist of master carpenters and skilled carpenters, whereas B crews include skilled carpenters and unskilled labor.
how have you responded to increases in the price of gasoline over the past few years? how would you respond if the
In the national income accounting identity showing the equality between national saving and investment, what is the representation of private saving and what is the representation of public saving?
Derive the AS relationship for this economy and what are the natural rate of the unemployment and natural level of output and derive the IS relationship for this economy.
Aggregate supply reflects billions of production decisions made through, consumers when they decide which products to buy.
Utilizing Edgeworth box diagrams for a society of two people, explain why societies that promote market exchange are likely to be more efficient. Are they also likely to be more equitable.
The government is considering a policy to reduce air pollution by restricting the use of “dirty” fuels by factories. In deciding whether to implement the policy, how, if at all, should the likely effects of the policy on real GDP be taken into accoun..
consider two ways to protect your car from theft. The Club ( a steering wheel lock ) makes it difficult for a car thief to take your car. Lojack ( a tracking system) makes it easier for the police to catch the car thief who has stolen it.
When the Federal Chairman, Ben Bernake, announces a change in the interest rate, does the Federal Reserve directly or indirectly change interest rate? explain.
A firm uses two variable inputs, labor, L, and raw materials, M, with typically shaped isoquants. It pays $20 per hour for L and $5 per unit for M. At the current mix of L and M, the marginal products of L and M are: MPL = 20 MPM = 4 Is the firm m..
Provide an example of how fiscal also monetary policies compliment or work against each other.
suppose more home owners cant afford their mortgage and gave up their houses. In the context of the market quantity supplied and quantity demanded diagram, what will happen to both markets in term of Q's, P's and equilibrium.
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