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Over the past year, productivity grew 2%, capital grew 1%, and labor grew 1%. If the shares of income to capital and labor are 0.2 and 0.8, respectively, how much did output grow?
If an Italian investor sells U.S. government securities to a U.S. buyer, how will this item be entered in the balance of payments?
illustrate the effect of capital information by comparing the prodution possibitity curves, at the present time and ten years in the future, for two economie, one with a high and the other with a low rate of capital formation.
Suppose a competitive industry in in long-run equilibrium; then the price of a substitute good (in consumption) decreases. What happens in the short run? The market demand curve? The market supply curve? Market price?
Elucidate the multiplier concept as it applies in this case. What are the qualifications and limitations of the multiplier model.
What is the current unemployment rate? What is the current unemployment rate for women? What is the current unemployment rate for men? What is the current unemployment rate for high school graduates with no college degree? What is the labor for parti..
Illustrate what is the equilibrium cost of a car stereo also illustrate what is the equilibrium quantity of car stereos per day.
Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior. Given your understanding of behavioral economics, how would your decision differ today?
Raisin bran and milk are complementary goods. A decrease in the price of raisins will:
What is the ratio of Indian GDP to U.S. GDP if we don't take into account the differences in relative prices and simply use the exchange rate to make the conversion? What is the ratio of real GDP in India to real GDP in the US in common prices?
Now assume there are 6,350 employees and probability of dying is still 1in 5,000. What is the value of 1 statistical life?
The New York Times cost $0.15 in 1970 and $2.00 in 2011. The average wage in manufacturing was $3.36 per hour in 1970 and $23.09 in 2011. by what percentage did the price of the newspaper rise? by what percentage did the wage rise?
Using the Market for Reserves framework (chapter 15-16), graphically show and briefly describe how the Federal Open Market Committee implements its monetary policy related:
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