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We often look at gross domestic product and how it relates to a recession. In the U.S. we recently went through an economic decline. Do you find people consume less overall when their is a downturn economy?
The total sum of squares is 400 and the sum of squares errors is 100, what is the coefficient of determination?
Is it possible for the gross federal debt to rise in dollar terms but decline as a percentage of GDP? Explain your answer.
The Government budget has been making at a deficit of approximately $60 billion for the last year, up from $50 billion the previous year.
What are the percentage increases in the price of food and in the price of clothing and what is the percentage increase in the CPI?
Discusse the impact that trade restrictions such as tariffs and quota have on the price of imports.
Two successful company's are observed with quite different compensation plans for their salespeople. One company pays its salespeople on a commission basis,
If consumption increases through $12 billion when real disposable income raise by $15 billion, What is the value of the MPC? Determine the relationship between the MPC and the MPS?
A story in the WSJ not too long ago suggested that the Justice Department might file legal actions against a number of large oil companies because there is evidence that they shared salary information on their professional.
Explain how the concepts of total utility, marginal utility, and utility maximization.
Suppose that you hire workers to address and stamp envelopes. Each worker earns $5 per hour and produces 50 addressed, stamped envelopes per hour. You have unlimited free office space and can therefore add as many workers as you want with no fall-..
The traditional Keynesian model, explain how contractionary monetary policy would affect equilibrium aggregate output and the price level.
Explain how one of the components of the GDP would help you to predict the amount of inventory to keep in stock if you were the owner of a retail store and were placing a merchandise order for the next few months.
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