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By law the Federal Reserve is required to monitor unemployment and inflation. How does the Federal Reserve accomplish these goals?
Suppose that a firm's only variable input is labor. The firm increases the number of employees from four to five, thereby causing weekly output to rise by two units and total costs to increase from $3,000 per week to $3,300 per week.
Western Coal is considering a modification of its plans for the open-pit mine described in Problem 5.31. Adding a coal-slurry pipeline
The worlds price of zinc had increase to the point where mothballed zinc mines in east Tennessee have been reopened because of their potential profitability. What is estimated annual profit for a mine producing 20,000 tons per year (which is 100% cap..
Malpractice Lawsuits involve medical error: a negligent act by a healthcare provider that falls below the expected standard of care. These acts can be very costly to the healthcare industry. Medical Malpractice Law in the United States (2005) describ..
Assume the marginal savings from emissions for an industry are given by MS(e) = 30−e and that the marginal damage from emissions is given by MD(e) = e. Suppose that the tax interaction effect corresponds to a welfare loss of $10 per ton of emissions ..
At the Central Furniture Company, customers who buy on credit pay an effective annual interest rate of 16.1%, based on monthly compounding.
If planned aggregate expenditure (PAE) in an economy equals 2,000 + 0.48Y and potential output (Y*) equals 4,000, then this economy.
q1. external and internal equilibria are often contradictory goals and the policy-maker is forced to choose between one
What is a Nash equilibrium? Can this outcome be a second best result or is it always first best?
Calculate the price elasticity of demand for Tesla cars at the profit-maximizing price.
Capitalism was a derogatory term coined by Karl Marx to deride the riches of those who accumilated captital . He said that the accumulation of capital helps the rich get richer while simultaneously making the poor get poorer. Have the poor become poo..
Explain how each of the following actions will affect the level of planned investment spending and unplanned inventory investment. Assume the economy is initially in income–expenditure equilibrium. The Federal Reserve raises the interest rate. There ..
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