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March Retail Sales Rise After 3 Months of Decline
Some prompts: Remember, you need not answer all the prompts, and you can discuss other connections between the article and material from class if you so wish. Please remember to use paragraphs to structure your thoughts and your paper, and remember to analyze/apply, rather than just summarize the article
Prompts:
-- How would retail sales affect the country's GDP?
-- What else might you predict (that could affect GDP) to increase based on retail sales increasing?
-- Why do you think the measurement in the article exclude such things as automobiles and building materials?
-- What does the producer price index measure and what could be predicted using the PPI?
Using the equation in (c) show that if the capital/labor ratio K/L is a constant k, the elasticity of output with respect to labor is b + c. (e) Why are relationships expressed like those in (c) important for doing econometrics? (f) Show that the ..
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Describe why the following is an example of monopolistic competition: There are a number of fast-food restaurants in town, and they compete fiercely.
lg electronics plans to invest 30 trillion won by 2010 to make this happen hoping that the cost savings and reduction
Use the model of aggregate demand and aggregate supply to illustrate the initial equilibrium on a clearly labled graph. Label the equilibrium point A. be sure to include the short-run and long-run aggregate supply. The central bank raises the money s..
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1. question is based on the table below showing the marginal utilities of good x and good ybased on the table above and
At its profit-maximizing output, a pure nondiscriminating monopolist achieves: neither productive efficiency nor allocative efficiency. both productive efficiency and allocative efficiency. productive efficiency but not allocative efficiency.
What is isoquants and at what point an isoquants are economically efficient?
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