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The following is from the New York Times, by Leonhardt.
"Jobs are disappearing, bonuses are shrinking and raises will be hard to come by. But the drop in prices, which isn't over yet, will make life easier on millions of people. It's possible, in fact, that the current recession will do less harm to the typical family's income than it does to many other parts of the economy. The reason is something called the sticky-wage theory. Economists have long been puzzled by the fact that most businesses simply will not cut their workers'pay, even in a downturn. Businesses routinely lay off 10 percent of their workers to cut costs. They almost never cut pay by 10 percent across the board."
Sticky wages and prices are believed to occur_____.
Which of these economies is likely to (a) need a higher level of overall savings? Why? (b) have a higher general multiplier? Why?
This increases the need for education in the economy as a whole because automation took away these jobs. Because of the increased need for education, more jobs were created and the education setting like universities have created jobs.
Find out the average total cost and average variable cost as a function of the level of output. Assuming the firm has the same cost curves in the long-run for q>0 and C (0) =0, how much will it produce in the long-run?
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time
What is the largest single deposit outflow can the bank comfortably handle, using only primary and secondary reserves? Note that even after this outflow the bank should have sufficient required reserves. Find it to the nearest whole dollar. Comput..
"Hybrid cloud is a cloud computing environment which uses a mix of on-premises, private cloud and public cloud services with orchestration between the platforms. By allowing workloads to move between private and public clouds as computing needs an..
Identify a current macroeconomic issue that is currently being debated and explain why you consider this a macro issue
Suppose that the supply of fossil fuels like coal and petroleum will become more and more scarce in the next fifty years.
Elucidate how the topic you chose relates to the growth of US banking overseas.
How does higher savings lead to a higher standard of living? What might a deter a policy maker from trying to raise the rate of saving?
A potential control for managing risk of employee fraud is to send employees on mandatory vacations. Describe the relation of that control with payroll function.
The notebookalso comes loaded with one of four different games. How many different combinations of colors and games are possible? If you were to order three different notebooks withoutstating preference on color or games, what is the probability t..
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