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Questions
1. Fully explain why there is neither upward nor downward pressure on the inflation rate when the economy is at full employment.
2. Use the Solow model to show graphically and explain how a rise in capital-augmenting technology affects an economy's output per worker and long-run growth rate.
3. What happens to the impact of government spending on increasing output when households increase their savings rates? Provide a complete explanation.
4. What is the importance of the velocity of money in establishing the relationship between increases in the money supply and changes in the inflation rate?
5. Assume that the Fed engages in an expansion of the money supply that drives the economy above full employment. Show graphically and explain how this economy adjusts back to full employment in the long run.
Consider a small country that is an exporter of good X. Suppose the government imposes a tariff on imports of good X. Using one graph, showing demand and supply of good X in the home country, carefully illustrate the effect of a tariff imposed by the..
Suppose Mr. Buford has ?$425,000 of capital invested in Spruce Decor. Also suppose that equally risky enterprises earn an 18% rate of return on capital.
1. International trade often has strong effects on the distribution of income within countries, so that it often produces losers as well as winners. Discuss the
Discuss how you will use these development tools to develop a more robust program.
Suppose we want to choose 5 colors, without replacement, from 18 distinct colors.
Does the evidence statistically support the hypothesis that there is no gender difference in the average salary in this profession? Explain.
An important difference between a perfectly competitive firm and a monopolist is. Which of the following would NOT be a barrier to entry for a particular market?
In parts a) through f) find the proportion of observations from a standard normal distribution that satisfies the statement.
"Which expression is another way of saying "marginal cost"? "
Elucidate how Coldwell Banker can produce the same output at a lower total cost
What is the Herfindahl-Hirschman Index (HHI) for an industry in which five firms each control 20% of the market? a. 20; b. 100; c. 2,000; d. 5,000 33. Which of the following pieces of antitrust legislation banned tying contracts, limited mergers, and..
Using calculus derive an expression for aggregate labour demand. Express aggregate labour demand as a function of real wage (w).
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