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In 1984, individual balances in private retirement plants were $865 billion. Thirty years later, they had risen to almost $25 trillion. In general, balances in private retirement plans are not included in the statistics that show rising income or wealth inequality. How might such an oversight affect our conclusions about inequality?
The economy is made up of C and I and is currently at full employment. If consumption is $5 trillion while savings is $1 trillion, what is present investment according to classical economists.
A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P=50 - Q. Suppose fixed costs rise to $400. What happens in the market?
The main ideas of Keynesian economics are:
A thousand dollars is invested for 7 months at an interest rate of 1% per month. What is the nominal interest rate? What is the effective interest rate?
For this assignment, suppose that you are in charge of designing a product campaign for a new shampoo.
How does the withdrawal of currency from checking accounts affect the money stock? How does it affect a bank’s reserves? How does this affect the bank’s ability to make loans? What effect might this withdrawal consequently have on the money stock?
If inventory levels across the nation are unexpectedly low, what would you expect to see happen to unemployment and inflation? Economists have identified two sources of macroeconomic expectations, what are they?
Why do nations care about having outlets to the ocean? Are landlocked nations at a disadvantage? What are geographers and economists saying about this? Could there be different views on this issue?
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 80 - 0.25P, and the marginal cost of production is $120. Determine the optimal number of units to put in..
How large must the annual payments at t = 5, 6, and 7 be to cover Ellen's anticipated college costs?
What are the challenges that remain from usa depreciation in 2007 for the global economy
- Trade policy analysis of UK's attractiveness for FDI.
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