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First consider the case when α is relatively low (close to zero). When this is the case, will It be very sensitive to changes in real interest rates? Will It constitute a large share of GDP? As a consequence, what can we conclude about how much have we learned about the slope of the IS curve?
An industry consists of six firms with annual sales of $300, $500, $400, $700, $600, and $600. What is the HHI? According to the general rule of thumb, the HHI of this industry implies that the market structure is ________ (competitive, noncompetitiv..
Why might we not expect free trade to affect the general unemployment level in the economy, but it will affect some more than others?
A company can rent a machine for an all-inclusive rate of $125 per hour and on average makes use of such a machine for 1600 hours per year.
You observe that states with higher income tax rates also tend to have higher rates of employer-provided health insurance. Is this fact a good test of the effects of tax policy on the demand for employer-provided health insurance? Explain.
Write a program that asks for the principal, the interest rate, and the number of times the interest is compounded.
What are the characteristics of a purely competitive market? What makes these important? List at least two industries that are characterized by perfect
In the medical care sector, the decisions of what services should be produced, how they should be produced, how they should be distributed, and how to allow for growth and innovation must be made. What combination of non-medical and medical goods and..
q1. if michael has 48 to spend on cola and pretzels what combination should he purchase in order to maximize his
the simple interest for buying a passenger transit rail is shown as the product of the principle amount p time in years
Illustrate what cost should each industry charge if it wants to maximize its profit. Why are costs and output of industries 1 and 2 same however different for industry 3.
Consider the following sequential game between firm 1 and firm 2. First, firm 1 decides to adopt either technology A or technology B. Firm 2 observes firm 1's decision and then also decides between technology A or technology B. Using the principle `l..
(a) What are some of the legal and ethical issues that can arise? (b) What is the law or regulation in your state or home state?
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