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Q1. Disposable personal income equals personal income
a. minus government transfer payments plus personal tax payments.
b. plus government transfer payments.
c. minus personal tax payments plus government transfer payments.
d. minus personal tax payments.
Q2. What two factors are the keys to determining labour productivity?
a. the average level of education of the workforce and the price level
b. the business cycle and the growth rate of real GDP
c. technology and the quantity of capital per hour worked
d. the growth rate of real GDP and the interest rate.
If the Federal Reserve had maintained a constant money supply in the face of this change, what would have happened to the interest rate.
Suppose you own a home remodeling company. You are currently earning short-run profits. The home remodeling industry is an increasing-cost industry.
According to the production function, with 300 labor hours, Illustrate what is this economy's capacity to produce.
Compute how this policy affects consumer surplus, and the cost of pollution. Would you recommend this policy.
Why is monitoring and controlling the project cost important for the success of the project.
Illustrate what variables or than cost appears or have biggest impact on demand for McDonald's products. How much influence does company have over se variables.
Elucidate how many workers the firm should hire for different values of the wage rate in order to maximize profit.
Under what conditions might the Justice Department approve a merger between two companies that operate in an industry with a premerger Herfindahl-Hirschman index of 2,900 if the postmerger index is expected to increase by 225.
Compute and plot yield spread (difference between yields to maturity of console and one-period bond). Is yield spread pro-cyclical or counter-cyclical.
Describe Excess reserves make a bank less vulnerable to runs. why, then, don't bankers like to hold excess reserves. What circumstances might persuade them that it would be advisable to hold excess reserves.
State briefly the basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly.
What should the government limit the number of auto and parts makers, the competition for would be limited. Please explain more on this subject.
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