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How much would it cost to buy a Brooks bicycle saddle costing 46.03 British pounds if the exchange rate is 1.31 dollars per British pound? Be sure to enter two decimal places in your answer.
(a) Compute the equivalent annual inflation rate, based on the Consumer Price Index, for the period from 1990 to 2010.
Using supply and demand analysis, show graphically and explain verbally 3 factors that may have led to rising health care costs in the United States from 1960 to the present day.
1. Describe the least three HUD programs for low-income family housing.
Suppose the demand of the good is P = 12 - Q. A monopolist's total cost is TC = 2 + 4Q. What's the optimal price and quantity of the monopolist?
If the equilibrium real fed funds rate and the inflation target are 2%, actual inflation is 3%, and the output gap is –1%, find the real federal funds rate recommended by the Taylor Rule.
In the last 6 months the European Union has undergone a significant economic slowdown with corresponding declines in both output and income (assume the exchange rate remains constant). Draw a money market graph to show how your change in part a infl..
As late as 1992, the United States was running budget deficits of nearly $300 billion. During the remainder of the 1990's, deficits declined and became surpluses. As the new century began, these surpluses again turned into deficits. Explain the decli..
Why did German leaders support Austria-Hungary's ultimatum to Serbia and its subsequent declaration of war in the wake of the assassination of Archduke Francis Ferdinand in June 1914?
A firm has a production function represented by: q=L^(.75)K^(.25) Find a function for how much capital and labor a firm should hire to produce a given level of production in terms of the price of labor, w, and the price capital, r. Suppose w=15 and r..
The marginal costs (ci) and marginal benefits (bi) of getting more education can vary across individuals – i.e., heterogeneous costs and benefits. Assume that marginal costs increase with the education level and marginal benefits decline with the edu..
The management of Clean Corporation is concerned about the growing demand on the part of investors and the public in general for environmental disclosures in annual reports. In your opinion are environmental disclosures in company annual reports nece..
There is persistent fear that there will be a high level of deflation. Many economists warn that it may be worse for the economy than if there is high inflation. Let\'s work through one example. What is the real interest rate that Herb expected to pa..
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