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Q1. According to the article, GDP every capita (or every head) in Europe has leveled off at Illustrate what fraction of GDP every capita in the United States?
Q2. Most restaurant customers tip according to a percentage rule - between 15-25 percent of the bill. Diners who have dinner also a $20 bottle of wine usually pay the same percentage of the bottle price as diners who order a $100 bottle. Why, whenever the same efforts must be made to uncork also pour both bottles?
How might you construct a measure of the "change in the price level" What additional information might you need to construct your measure.
Consider we did technological change in the class where it does contribute to one side of the production use that to understand the problem.
Why do proponents of active policy recommend government intervention to close an expansionary gap. Some economists argue that only unanticipated increases in the money.
Proposals for modifications of the law are formulated by committees. Under the closed rule, the legislature may either accept or reject a proposed modification, but may not propose an alternative.
There is a potential entrant, who needs to pay a sunk cost of f to enter in this market. Firms may produce any quantity that does not exceed its capacity.
In which of the following cases should the United States produce more noodles than it wants for its own use and trade some of those noodles to Italy in exchange for wine.
On the same day, the San Francisco Chronicle had an article with the headline "Sharp Drop in Bay Area Home Sales"
If the price level remains constant by Explain how more will real output increase.
The article touches on two crucial conditions for a fiscal stimulus to work.
Sketch the extensive form of the game, carefully labelling the players that move and the actions they have available
Is the industry or industries in which the firm operates conducive to abnormally high rates of return.
If the company will sell the number of units obtained in part d and wants to maintain the same profit as last year, what will its new price have to be.
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