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If the coefficient of determination is 0.738, what percentage of the data about the regression line is unexplained?
Consider an economy with the production function Y = L^(1 / 3). Derive the Labor demand Curve. Assume M s = 45 and k = 3 . What is the equation of the aggregate demand curve for this example? What is the price level? What is the nominal wage level.
What effect would each of the following have on aggregate demand or aggregate supply
Explain what will the total decrease in aggregate demand be as a result of the initial $12 billion decrease.
You identify a vacant piece of land zoned for industrial warehouse use which you can purchase for $3.0 million today (an amount which will need to be paid immediately). After detailed analysis you find that constructing the warehouse will take one ye..
There are two types of coal mines in operation: “above-ground” mines, which involve very little risk to the miners, and underground mines, which are considerably more dangerous. What would be an economist’s estimate of the value of a statistical lif..
What is the household labor debate and how does it relate to Marx's concept of capitalist exploitation?
In Overdressed, Cline makes many arguments about the state of the fashion industry, globalization, and society. Cline states, “The [fashion]-industry is really globalized at this point. So, it is hard for a union to come up with a strategy that would..
Suppose households hold $0.30 in currency for every $1 they have as demand deposits (checking accounts). Also, banks hold 20% of their deposits as reserves. If the Federal Reserve buys $10 of government bonds from banks, by how would would the follow..
What advantages might a socialist system have in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January, 2010?
After considering the duties that you have in this situation and after thinking about what action will support good ethical results, the time has come to make your final choice. Below is a list of all the options we've been exploring. In order to mee..
Are you for or against free trade? Are you for or against NAFTA? What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..
If you were going to invest money, given the current financial market status, where would you invest your money today?
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