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Which nominal variables do you believe influence our country's money supply? When consumers obtain a loan from a financial institution is the interest the nominal or real interest rate? Do you believe nominal variable give a false impression of our economy to include wages and income?
Explain how an increase in the labor force participation rate (LFPR) may a/ect Long Run Aggregate Supply and Short run Aggregate Supply.
A monopoly firm faces a demand curve given by P = 80 – Q and has a cost curve given by TC = 0.6Q^2. Specify and demonstrate its optimal output, price, and profits. Now suppose a specific tax of $16 per unit produced is imposed upon this firm; specify..
You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record profits of $2 million. What price should you charge for a midsized automobi..
Explore how a firm determines the optimal scale of a plant for a given rate of output and why this determination relates to longer-run strategies versus current operations.
Medicaid agency has made a take it or leave it offer of $2 per pill. Do you accept?
Construction contractors are the buyers of Portland cement, a key ingredient in concrete. Neither construction contractors nor their customers use much coal. Consider a supply and demand model of the wholesale gasoline market. If a tropical storm for..
Suppose we are with a real estate agency that has the following houses listed in a specific geographic area. $150,000; $146,000; $152,000; $155,000; $143,000; $157,000; $180,000; $148,000; $154,000; $146,000; $155,000
In the short? run, a firm in monopolistic competition? ______.
According to the neoclassical theory of distribution, a worker’s real wage reflects her productivity. Let’s use this insight to examine the incomes of two groups of workers: farmers and barbers. Let Wf and Wb be the nominal wages of farmers and barbe..
Consider two countries, the United States and India, producing two commodities, food and clothing. The United States needs one and a half hours of labor to produce a unit of food and one hour to produce a unit of clothing. Draw the production possibi..
What was the purpose of writing the Articles of Confederation? In other words, what was going on at the time when colonists decided they needed a written set of laws? How was the Constitution a solution for the missing links not mentioned in the Arti..
Suppose we ?t a decision tree using bagging with B bootstrapped training sets. For each of the following
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