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Jane works part-time and earns $12,000 per year. Because she is below the poverty line, she also earns $4,000 in various welfare benefits. Suppose she is offered a new job that would pay her $15,000 and would bring her earnings high enough so that she no longer qualified for any welfare benefits. This is what is known as a "notch". Explain what is happening with Jane and how could we modify the system to eliminate the notch.
Calculate whole expected convenience from each restaurant option and also compare?
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
The People's Bank of China, the country's central bank, raised the reserve requirements of its top commercial banks to put a squeeze on the credit market
Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
Disposable personal income equals personal income and two factors are the keys to determining labour productivity
Determine the quantity demanded, the quantity supplied, and the magnitude
Austria has a history of strong hostility to nuclear power, and over the last twenty years the Austrians have shut down all of the reactors in Austria
Analyze the USA financial meltdown that happened in 2008-2009. This crisis was partially caused by the reward systems that were in place for participants in the financial system. Identify the major participants in the financial system.
Why do celebrity icons receive such widespread attention and adulation
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