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What Economics principle discussed by Stonebraker should have warned us that ObamaCare (PPACA) would increase premiums rather than reduce them? Should government protect workers by capping premiums? Why or why not?
Explain how the adjustment of inflation works to return the output gap to zero. What happens to the real interest rate?
Suppose the consumption function is C = $500 billion + 0.9Y and the government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially (before multiplier effects) with: A) $50 billion increase in governm..
The bolt-making industry currently consists of 20 producers, all of whom operate with the identical short-run total cost curve STC(Q) = 16 + Q2 , where Q is the annual output of a firm.
1. Set up the system of equations in matrix form. 2. Solve the system of equations to obtain the equilibrium vales of Y, C and G 3. Obtain the equilibrium budget balance
A total of 1000 residents in Minnesota were asked which season they preferred. The results were 100 liked winter best, 300 liked spring, 400 liked summer, and 200 liked fall. If the data were summarized in a frequency table.
The demand curve for a certain good is P = 100 - Q. The marginal cost for a monopolist is MC(Q) = Q, for Q ≤ 30. The maximum that can be supplied in this market is Q = 30, that is, the marginal cost is infinite for Q > 30.
what would be the interpretation of the estimated coefficient for mt6 - Test for a null hypothesis that coefficient for female in Model 2 is zero against an alternative hypothesis that it is negative, at 5% statistical significance.
If you have taken a statistics class, use EXCEL or a statistical program in order to run the following regression:
A medical clinic is being ran. Q=KL is the production function. Q is the number of patients treated. K & L are inputs. K = number of nurses, L = number of doctors. Price of K = 1 and the price of L = 5
Suppose instead that 30 million jobs are created, attracting 20 million new people into the labor force. What would be the new rates for labor-force participation and unemployment?
What are the costs of exchange rate instability? How might the government attempt to reduce instability in exchange rates?
Jean-Pierre consumes only apples and bananas. He prefers more apples to less, but he gets tired of bananas. If he consumes fewer than 28 bananas per week, he thinks that one banana is a perfect substitute for one apple
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