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If incomes rise for both low-income and high-income workers, but rise less for the high-income workers.
a) then poverty will rise and inequality will rise
b) then poverty will fall and inequality will rise
c) then poverty will fall and inequality will fall
d) then poverty will rise and inequality wil fall
Explain the various levels of economic integration. What level of integration has the European Union achieved? How will plans to create fiscal union change the relationship between member countries?
Two important policy goals of the government and the Fed are to keep unemployment and inflation low, while at the same time making sure that GDP is increasing at an average of 3% per year. It is important to have the right mix of policies and that al..
Elucidate how much income in addition to his lottery earnings would Fred need to go out and find to be as well off as he was with the allowance.
Explain the meaning of a Nash equilibrium when rms are competing with respect to price. Why is the equilibrium stable? Why don’t the firms raise prices to the level that maximizes joint prots? What is the DWL in this model?
Think of another good that you have purchased recently Be specific (e.g. is it breakfast cereal in general or Cheerios cereal specifically). If the price of this item increases, how would this affect the quantity of the good that you consume? Is the ..
What will happen in the international market for gold if news of war causes buyers and sellers to expect high gold prices in the future? Provide a brief narrative explanation.
Explanation and Analysis Identify changes in market conditions and their effect on equilibrium price and quantity for the following events
q1. in the exhibit below explain how does the real wage rate at point c compare with the real wage at point a? explain
In what specific way do growing populations and booming economics add to the challenge of reducing GHG emissions? To what extent might these characteristics explain the failure of some countries to meet their Kyoto targets?
Euro zone as a monetary union, takes the most extreme form of a fixed exchange rate. Explain the cost associate with the monetary union and why may it be a bad idea for Europe?
What are price indexes designed to measure. Outline how they are construed. When GDP and other and other income figures are compared across time periods.
Illustrate what strategies would you recommend in the fight against obesity. Elucidate what is GMA doing in the fight against obesity.
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