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Which of the following problems are likely to be studied by a macroeconomist and which by a macroeconomist?
a) The rapid growth of Facebook.
b) Why unemployment in the United States rose from 2007 to 2010.
c) Why Japan’s economy grew faster than the U.S. economy in the 1980s, but slower in the 2000s.
d) Why health care costs have risen so rapidly in recent years.
A person can choose to work any amount from 0 to 52 weeks per year at a wage of $1000 per week. Draw her annual budget constraint, representing total annual consumption versus annual weeks of leisure.
What is your opinion of this economics course? Did it meet your expectations? What suggestions can you offer for improvement of this course for future students? Is there a downside to the global economy evolving to be based completely and wholly on t..
Suppose quantity demanded for the good rises by 10 units at every possible price while at the same time quantity supplied falls by 5 units at every possible price (with the exception that quantity supplied cannot drop below zero units at any price..
The CEO of major automaker overheard one of division managers makes the following statement regarding the firm's production plans: "In order to maximize profits it is essential that we operate at the minimum point of our average total cost curve". If..
assume that your business is visible and an important member of the community. would the government encourage a
Bush lowered taxes in the 2001 recession and his tax cuts continue. Obama has increased government spending through his stimulus packages. What effect should these expansionary policies have on the AD and AS curves? How should they shift? What should..
Explain gambling from a risk-return perspective and from a Christian worldview. What is wrong (from a Biblical viewpoint) with gambling if consumers want it? Is price-discrimination always wrong? Under what conditions might it be ethically allowable?
Illustrate what money supply should the Fed set in yr 2009 if it wants to keep the price level stable?
Calculate a short run marginal cost. Calculate a long run marginal cost. How do c & d compare to the payment rates for an established office visit in Medicare and Ohio Medicaid (code 99213).
The profitability of the leading cola syrup manufacturers, PepsiCo and Coca Cola, and of the bottlers in the cola business is different. PepsiCo and Coca Cola enjoy 81 operating profit as a percentage of sales; bottlers experience only 15 operatin..
The price elasticity of demand for Stork ice cream is -4. Suppose you're told that following a price increase, quantity demanded fell by 10 percent. What was the percentage change that brought about this change in quantity demanded?
In 1796, Gottfried Christoph Hartel, a German music publisher, calculated the cost of printing music using an engraved plate technology and used these estimated costs functions to make productions decisions.
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