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Since January of 2001 the Fed has reduced its Fed funds rate target from 6.5 percent to 1 percent. Nonetheless, the number of people at work is less than (and the unemployment rate higher than) when the Fed embarked on this expansionary monetary policy. Why hasn't the Fed's policy been more effective over the last 2.5 years in restoring strong growth and full employment to the economy? Explain in a few sentences.
Elucidate the dispute resolution options available to Bobbie Sue and Suzy Q and the primary differences between each option.
Explain how the invisible hand fights back when government try to overrule market forces with price controls.
Assume that the Fed Reserve adopts an inflation targe of 3% for its monetary policy.
Imagine the opera has a capacity of 3000 seats and that all costs are fixed. If they can discriminate between the two groups, what is optimal price to charge to each group and how many tickets will each group buy?
Compute the marginal cost in the given case. Illustrate what is the marginal cost with 8 workers to two decimal places.
Assume we refused to sell goods to any country that reduced or halted its exports to us.
Explain how relevant to the real world do you believe this result is in the "contestable markets" view of the competitive process.
To what peak if anyone does Wal-mart feel itself affected by Federal tax policy
60% of the youth between 18 and 30 in Detroit are unemployed, have not completed high school, are at various levels of functional illiteracy, without job skills,
You are working for an unemployment agency which distributes unemployment checks to unemployed workers in your state.
If the cost of a substitute product increases, which of the following is most likely to happen in the market for the product under consideration in the short run.
Discuss its current status. If possible, current a separate graph for each indicator illustrating the historic trend for each.
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