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As a member of the Federal Open Market Committee, what you propose to do and what additional information you need to make a better decision. (Remember that the FOMC makes decisions like this given partial information.)
Suppose that pizza is a normal good. Suppose further that all pizza workers earn the minimum wage. What would happen to the equilibrium price and quantity of pizzas sold if income rises at the same time that the minimum wage rises? Explain.
Name the top ten ways culture affects negotiations You must list all fen to receive credit.
What is the difference between GDP & GNP?
Suppose that the money supply is $750, nominal GDP is 2500, and real GDP is 1250. What is the velocity of money and what is the price level? Suppose that the velocity is constant, and the economy’s output of goods and services rises by 5% each year. ..
Proponents of a basic income (or negative income tax) argue that it is a superior method of addressing income inequality than the minimum wage. First, briefly explain in what sense the basic income is less disruptive to labor markets than the minimum..
Assume r = 0.1 is the present real interest rate and this rate is expected to prevail for the next 2 years. The monetary return (i.e. marginal revenue product) on machine A is expected to be R1 = $100,000 for year 1 and R2 = $50,000 for year 2. The p..
Steven consumes only two goods, both of which are normal goods. He is maximizing his utility in consumption of both goods. Now assume the price of one of the goods increases. How should Steven's consumption change?
Pilgrim Bank Study. A. Is there a difference in profitability across regular vs. online customers? B. How should we deal with missing data? C Using a regression model, is there a difference in profitability across the two customer types and if so, ho..
Signs of investor uneasiness in continuing to purchase treasury securities issued by heavily indebted sovereign states such as Greece and Spain have triggered a debate in the past about raising the debt ceiling here. Given the current situation of th..
q.your bike is worth 200 and if you park it outside on campus there is a 10 chance that it will be stolen.a. what is
We are seeing a merging of media firms. For example, companies like Verizon now provide phone, cell, TV and internet. A common form of selling services involves putting them together in packages or “bundles” and offering them for a lower price than i..
Under the cost minimization rule, when will a firm employ only human labor? Why does the cost minimization rule suggest that it is unlikely a firm actually would replace human labor entirely with robotic inputs?
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