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What are some common business practices that you predict will be considered fads in the future?
The natural rate of unemployment is also the steady-state unemployment rate, the unemployment rate toward which the economy moves. Once the economy reaches this steady state, the unemployment rate tends to remain the same. What is the current unemp..
Charlie has $ 1000 to allocate between football tickets and movie tickets over the year. The price of each football ticket is $50, and the price of each movie ticket is $10. His marginal rate of substitution of football tickets for movie tickets equa..
The production function at Jerry’s Copy Shop is q = 1000 x min(L, 3K), where q is the number of copies per hour, L is the number of workers, and K is the number of copy machines. Draw the average product of labor (APL) curve for this production funct..
Identify the factors used to calculate present and future cash flows.
What do defenders of the market approach to environmental responsibilities state about the ability of economic markets to achieve a sound environmental policy?
Assume the money supply (M) is $1,200 billion, bank deposits (D) are $800 billion and the required reserve ratio is 10%. What would the Fed have to do (in terms of open market operations) to lower the money supply by 5% ? Explain.
Using your knowledge of the amount of time required for the many components of the federal government to agree upon and implement changes in policy (i.e., tax codes, the welfare system), can you think of any problems with using fiscal policy to stabi..
Policymakers should have a detailed knowledge and profound understanding of all theoretical models and should design economic policy based on that knowledge.
Suppose that Scott and Bob live on the same street. In the winter, both of them like the snow on their street to be plowed. Bob’s demand is given by Q = 40 – P, and Scott’s demand is given by Q = 30 – 2P. Suppose that the marginal cost of plowing the..
The slope of the short run phillips curve is consistent with:
Intel made large loyalty payments to HP in exchange for HP buying most of their chips from Intel instead of rival AMD. AMD sued Intel under the antitrust laws, and Intel settled the case by paying $1.25 billion to AMD. What incentive conflict was bei..
Write a two-page paper that identifies three companies in the retail business that have been using big data.
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