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Think a proposal required all workers to provide each employee with health insurance. if a proposal would require all employers to give each worker health insurance, and as a result employers costs increased by 5,000 and workers value these benefits by 15,000. therefore there will be lower monetary wages, companies will pay less total compensation, and employment will increase - however what will happen if the market is characterized by sticky wages?
Explain how useful is this demand equation for forecasting demand for the pill slicer in the next five years
Describe the two key tools of monetary policy, and explain how they would be used by the Bank of Canada to implement a contradictory monetary policy.
Lawn mowing services are supplied by a host of individuals in the suburb of Westbrook. Demand and supply conditions in the perfectly competitive domestic for lawn mowing services are:
Calculate total factor productivity growth (our measure of technological progress) for each country using the growth accounting framework discussed in class.
Explain they aim for a higher or lower target inflation rate. Will higher growth be achieved in the short run and the long run.
Explain why do some regions promote unrestricted trade within their region but restrict trade that crosses the region's boundaries.
Fed Chairman Ben Bernanke finally confess that the Fed has been printing more new currency over last some months to help stimulate the economy and more recently noted economy may not yet be out of woods,
Suppose that the economy is at full employment and government make decision to cut taxes to give the economy an extra boost.
Describe the expected amount of dollars to be paid by the Wake Forest Co. for the pesos in one year.
Provide an example of how fiscal also monetary policies compliment or work against each other.
The intent of this week exercise is to familiarize with EXCEL and to gain experience and practice in interpreting the output generated by most statistical packages (EXCEL) when linear regressions are run on a set of data.
Compute the total fixed costs, total variable costs, average fixed costs.
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