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Question: The dean at Middle State University knows that poets generally earn less than engineers in the private market; that is, the equilibrium wage for engineers is higher than that for poets. Suppose that all colleges and universities except for Middle State University pay their professors according to their potential private market wage. The administration at Middle State believes that salaries should be equal across all disciplines because its professors work equally hard and because all of the professors have similar degrees-PhDs. As a result, Middle State opts to pay all its professors a mid-range wage, WMS. What do you think is likely to happen to the engineering and poetry programs at Middle State?
If the bank maintains a reserve requirement of 2 percent, what is the maximum loan that the bank A can make?
gold standard amp quantitative easingthe u.s. dollar is classified as fiat money and is not fixed to the value of any
List the 4 components of the GDP, in descending order of magnitude for the USA (3rd and 4th may change position at certain points in the business cycle, don't worry about them). Research and state, on average, the percentage of GDP each component rep..
Given the accelerationist Phillips curve = - 0.3 (U - 6) + , suppose that inflation in the preceding period was 3 percent, unemployment is 7 percent, and there is no price shock. The current inflation rate is ________.If expectations about inflat..
question 1how is the equilibrium price determined? what happens if the price is above the equilibrium price? what
Evaluate recent national economic policies as they relate to the magnitude of the trade deficit and analyze the arguments for protectionist policies and the effect, if any, upon the trade deficit
What is the basis for their support? That is, what are the specific benefits that countries seek by joining an economic bloc and what is the main economic bloc for your country?
the toilet manufacturer has proposed a quantity discount schedule for toilets as reflected in the following table for
discuss why would cash transfers typically be preferred by recipients over in-kind transfers? what are the pros and
How long will it take for your money to double? Show your calculations. You are not allowed to use any approximation formulas, such as the "rule of 70". Round your answer to 5 decimal places.
it is suggested that you review the recommended articles to glean any helpful information. in this discussion you will
suppose a new discovery in computer manufacturing has just made computer production cheaper. also the popularity and
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