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Total factor productivity is the source of sustained growth in per capita GDP because there are limits to how much labor and capital can contribute to per capita GDP growth.
Because of a recent wave of jewelry store robberies, a city increases police surveillance of jewelry stores. The increase surveillance costs the city an extra $500k per year, but as a result, the amount of jewelry that is stolen falls. Specifically, ..
We will discuss your individual perspectives on the BGS relationships in the US economy today. My intention here is to get a sense of the way you have viewed these relationships from what you know about the respective roles of each - Business - Gove..
q.suppose you are attempting to buy a used bicycle and you are bargaining with the owner over the sale price. the bike
What would happen to the budget deficit if the: GDP growth rate jumped from 1 percent to 3 percent? Inflation increased by 2 percentage points?
In the absence of government interference, there is a constant marginal cost of $5 per ounce for growing marijuana and delivering it to buyers. If the probability that any shipment of marijuana is seized is 0.20 and the fine if a shipper is caught is..
The weekly demand and supply functions for seats on flights between Syracuse and Boston have been estimated as follows: Qd = 1600 - 2.5 Price + .040 Income - 4 Weather + 1.20 Pa ( where Pa is the price of alternative means of travel ) Qs = -50 + 4.25..
Whether the U.S. Congress press a tariff raising the cost of Japanese compute. Illustrate what are four mutually exclusive states of the world that you should be concerned about
"Timeshares" are classified as one of the business continuity strategies. Explain how they work and why a company would choose time-shares over mutual agreement
What is the effect of a lower price level, other things constant, on the aggregate expenditure line and real GDP demanded? How does the multiplier interact with the price change to determine the new real GDP demanded?
Situation. You work as part of an analysis team for a consultancy that follows the semiconductor industry. Your boss saw the story from PC World and asked you to provide some analysis for an upcoming industry conference. The PC World article states t..
1. The Phillips curve suggests a trade off between, a. unemployment rates and tax rates b. inflation and money supply c. monetary policy and fiscal policy d. unemployment rates and inflation d. inflation and GDP
Based on the best available econometric estimates, the market elasticity of demand for your firm’s product is -1.5. The marginal cost of producing the product is constant at $75, while average total cost at current production levels is $200.
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