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The fact that since 1973 blacks have never had a lower unemployment rate than Hispanics, who in turn have never had a lower unemployment rate than whites is evidence of a fairly rigid what?
Suppose that since some base year, the price index (or GDP deflator) has increased from 100 to 125. During the same time period, NOMINAL GDP has increased from $500 billion to $600 billion. What is the value of REAL GDP at the end of this period -exp..
Suppose that the government places a ceiling on the price of a medical drug below the equilibrium price. Explain why there is a shortage of the medical drug at the new ceiling price.
when markets for goods as well as services gain access to the Internet, more consumers and more businesses participate in the market.
Give two examples of externalities connected with consumption and saving that can be used in arguing for policies aimed at increasing U.S. personal saving. Explain why they can be used that way. Explain what a traditional I.R.A. is. Explain how it in..
A firm uses labor and machines to produce output according to the production function f(L, M) = 4L^1/2 M^1/2 , where L is the number of units of labor used and M is the number of machines. The cost of labor is $40 per unit and the cost of using a mac..
Suppose you win the lottery with a jackpot of $20 million. But that’s $20 million if you wait 20 years to get your payout. What is the value you could get today if the interest rate is 6%?
q1. you manage a department in a large corporation. 2 years ago you had 20 workers and produced 40000 units. the
You are the manager of Dunkin Donuts. Almost all of your donut sales are derived from the drive-through window. You know from experience that coffee is a complement for your donuts. The morning newspaper says that a major storm has just destroyed 50 ..
What economic problem might exist for the government to make this fiscal policy change? If the government wanted to achieve the same change in GDP as in part k by cutting taxes instead, how large would the tax cut have to be?
Using our best data-based guesses about real-world elasticity, the demand for loanable funds curve is probably rather ______________ and the effects of crowding out are likely to be ___________. The theory of Ricardian equivalence
Suppose a wage increase from $19 to $21 an hour increases the number of job applicants from 50 to 64. What is the price elasticity of labor supply?
If it wants to accomplish this change in the money supply using open-market operations, what should it do.
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