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Describe three (3) ways we can use macroeconomic analysis, with one (1) original example for each way. You are running a small yard maintenance business for the summer. What do you expect to happen to the number of yards you can maintain in a day as you add workers if you don't purchase more capital equipment (like mowers and leaf blowers)? Provide at least two (2) supporting facts to support your response.
What do we call the bookkeeping of the supply-side elements such as productivity and labor inputs that contribute to changes in real GDP over some specific time period?
In this economy, compute private saving, public saving, and national saving
Show the effect of a minimum wage set above the equilibrium wage. What happens to employment and to wages? Is the higher minimum wage a good thing or bad for workers?
4. Suppose that the economy-wide expected future marginal product of capital is MPKf =20 - 0.02K, where K is the future capital stock. The depreciation rate of capital, d, is 20%per period. The current capital stock is 900 units of capital. The price..
The Effects of the Great Recession on the Central Banks Doctrine and Practice, critically and briefly analyze the direction of changes in monetary policy
a. Explain the sign of each of the cross-price elasticities. What does it imply about the relationshipbetween the two goods in question? b. Compare the absolute values of the cross-price elasticities and explain their magnitudes. Forexample, why is..
Payroll Tax- You are an economic consultant to a city that just imposed a payroll tax of $1 per hour of work. This payroll tax is paid by workers through a payroll deduction.
With a U.S. marginal propensity to consume, assumed at 1/2, what will happen to the following with the neoclassical model of national income if the Bush Tax Cuts expired
If money demand for speculative purpose is$ 5000 and money demanded for transaction motive is $ 40 000. if money demanded for speculative purpose increases by $ 5000, what is the new total demand for money using Keynesian Theory of Money Demand.
1. What is the average inventory carrying/holding cost for the brakes? 2. What is the EOQ for the brakes? 3. What is the ROP for the brakes?
If the quantity demanded for apples increases by 1.25 per cent when the price of grapes increases by 2.5 per cent, the cross elasticity of demand between apple and grapes is,Suppose a rise in the price of a good from $7.50 to $8.50 leads to a decr..
In approximately 1500 words answer the following question examine the proposition that there exists a correlation between the amount of gross fixed capital formulation and the rate of economic growth , explain the significance of your result (Please ..
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