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Suppose that the markup of goods prices over marginal cost is 10% Wage-setting equation: W= P(1- u) where u is the unemployment rate
Required:
a. What is the real wage, as determined by the price-setting equation?
b. What is the natural rate of unemployment?
Discusse the impact that trade restrictions such as tariffs and quota have on the price of imports.
Calculate the per capita GDP for the most recent available year for the countries with the equation given in the far right column.
Assume that the following table describes prices, incomes, and every person lobster consumption in three U.S. cities.
Elucidate why the MP/P relation is deficient as the sole mechanism for determining the optimal level of resource.
Is government intervention needed for our economy to run well? Why or why not? Please write a 2 page double spaced paper using APA formatting.
An article in Forbes discussed an estimate that the cost of materials in Apple's iPhone 5 with 64 gigabytes of memory was $230. Apple was selling the iPhone 5 for $849 (most phone carriers made payments to Apple that reduced the price to consumers..
Suppose the Bank of Canada wanted to keep the interest rateconstant. Show (using the money market diagram) what the Bank would have to do to offset the output fluctuations. What would this imply for the IS - LM model
Describe at least three benefits of international portfolio diversification. Discuss and explain how three different global funds have used the concept of international portfolio diversification to successfully invest.
The World Bank is at present advising newly industrialized countries on how to encourage growth and they have asked for your help.
a malibu boat will cost 32500 when purchased. gasoline and maintenance will approximately cost 25hour and equipment
However, using these new concrete forms adds 10% to the overall cost of the home. A typical 2,000 sq. ft. home using standard concrete forms costs $120 per square foot to construct and uses $300 per month average to heat and cool. Calculate the IR..
Explain Rawls's theory of justice and all its parts--including the purpose of the Original Position and the reasoning the leads to the two principles of justice. Be sure to state the two principles of justice.
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