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What is the difference between monetary policy and fiscal policy?
a)Solve the optimal choice problem for agent i if p1 = p2 = 1; and I=15 b)How does this answer in part a change if income doubles?
Imagine you were asked to explain comparative advantage to a group of teens:
A town has a bakery that sells bread and a cheese shop. It costs $1 to make a loaf of bread and $2 to make a pound of cheese. If the bakery's price for a loaf of bread is p1 and the cheese shop's price for a pound of cheese is p2.
Assume that a borrower and a lender agree on the nominal interest rate to be paid on a loan.
The following table shows nominal GDP and an appropriate price index for a group of selected years. Compute real GDP, and indicate in each calculation whether you are inflating or deflating the nominal GDP data.
In your own words, describe the meaning of average cost. You normally buy a crate of wine for $75. One crate has 6 bottles of wine. After a month, the store clerk informs you that the same crate of wine now costs $82. However, there are 7 bottles in ..
Mitt Romney and Newt Gingrich are two of the most likely candidates for the Republican nomination for President. One of the key strategic decisions they will make is how negative their ads should be. Assume the payout matrix (in terms of votes gai..
First, compare and contrast the American outpost at Restrepo to a similar (yet different) Danish NATO outpost also in Afghanistan. Second, use BOTH of these films to answer the question (AGAIN) WHY we fight? What makes these men fight the Taliban ..
Explain how much of input 2 does it use. Illustrate what is the most that it is willing to bribe an inspector to allow it to use another unit of input 1.
It is given an offer to split, if you accept this offer you keep the $1, and the other player keeps $19.
q1 many factors determine the supply and demand for labor. identify and explain two factors that would increase or
What is the unemployment rate? What will the unemployment rate be if the unemployed increases to 7 million and 3 million individuals become discouraged workers?
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