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Question: The value of CPI in April 2009 was 113.9 and in April 2008 it was 113.5.
a. Calculate the rate of inflation during that one year expressed in percentage terms.
b. How much is the CPI in the base year?
c. Calculate the rate of inflation during the year ending in April 2008. Can you?
a. Calculate Kryptonite Factory's short run profits. Show all your steps. b. Assess what will happen in this industry in the long run. Will the industry attract new entrants? Why or why not? Explain fully.
Suppose that in a closed economy GDP is equal to 15,000, government purchases are equal to 3,000, consumption equals 10,500, and taxes equal 3,500. What are private saving and public saving?
Still remaining including the Ricardian framework, consider that Canada has 100 units of labor available for production while Mexico.
What impact does the dollar appreciation have on the firm's international competitiveness? What about a dollar depreciation?
What is the price elasticity of the market demand for Harry Potter at P = 12.5? Compare it to Laurel's price elasticity of demand at the same price. Which is larger? Why?
How does Fiscal and Monetary policies relate to Modern Theories, Fiscal Policy Review, and Economic Impact of Deficits and Debt?
Illustrate what policies can be designed to transform agricultural development and raise levels of living in rural areas in LDCs.
In an article appearing on July 4th 2004, the aegency cites Mexico's concern about the production of oil by the OPEC carte. Assume the current daily demand for OPEC oil is given by the following equation P=50-0.001Q where P is the price per barrel
Is there any difference between the two approaches of the Keynesian theory and the new Keynesian theory in terms of short run implications?
What are the economic similarities and differences between the Great Depression and Great Recession; policies implemented
Why does the government sanction this form of contract- recognition of the institution of marriage? How does the issue of the gender of each participant in a given marriage fit into the discussion?
Why must there be abundant resources for a market to work well.
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