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Explain the concept of unit labour costs. In the process, explain how it may be affected by the wage level, the efficiency of work, and the intensity of effort.
Why is unemployment an economic problem - what are the noneconomic effects of unemployment?
1) Q: One reason why the quantity demanded of a good increases as its price decreases is that 2) Q: If it is now mo re profitable for farmers to produce rice than corn, we can expect
Solve for equilibrium output. Illustrate the equilibrium in the ISLM diagram. What is the value of the multiplier Now let investment depend on both sales and the interest rate: I=b0+b1Y-b2i b. Solve for the equilibrium output (assume c1+b1
If the Fed printed too much money, money's relative price would and the money price of goods would, If workers begin to expect more inflation in the future, then we would expect that:
Examine the contribution that automatic stabilizers play in creating a stable economy.
Elucidate how banks and individuals can use "covered interest arbitrage" to protect themselves when they make international financial investments.
Think about a firm that you have done business with recently. What industry does this firm belong to? For example, McDonald's is a firm in the fast food industry
Jason is indifferent between $10 for sure and a lottery that pays $100 with probability 0.09 and $0 with probability 0.91. He is also indifferent between $70 for sure and a lottery that pays $100 with probability 0.80 and $0 with probability 0.20.
in the macroeconomics book by stephen williamson 5th edition in the appendix for ch. 7-8 problem 1 the problem asks
Suppose that the total benefit and total cost from an activity are, respectively, given by the following equations: B(Q) = 28Q – 5Q^2 and C(Q) = 100 + 8Q. (Note: MB(Q) = 28 – 10Q and MC(Q) – 8.)
Helen is buying a 12,375 car with a 3000 down payment, followed by 36 monthly payments of 325 each. The down payment is paid immediately, and the monthly payments are due at the end of each month.
Suppose the Fed decided to purchase $30 billion worth of government securities in the open market. What impact would this action have on the economy?
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