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Questions:
1/ What do you notice about the year-over-year percent change in prices over the past half century?
2/ What do you wonder? What questions does the graph raise?
3/ What's going on in this graph? Come up with a catchy headline that captures its main idea.
4/ Make a prediction: Based on what you learned from both the video and the graph, do you think inflation will continue to rise? Or do you believe the increase is a temporary problem?
Based on part 3 of article, Inflation isn't something our country has had to deal with for 2 decades. How does this make it more difficult to solve?
On September 30, Silver Corporation, a calendar year taxpayer, sold a parcel of land (basis of $400,000) for a $1 million note. The note is payable in five installments, with the first payment due next year. Sam, the sole shareholder of Silver, has a..
At the beginning of the second year of operation, the reserves were reestimated to be 1,400,000 mcf. What is the new value of the depletion unit with the cost
Alice runs a restaurant and it is only open on Wednesdays and Saturdays. Her total cost is TC=10+q2 where q is number of meals served per day. Her restaurant is a price taker. A meal is sold at $12 on Wednesday and $20 on Saturday. Get her average c..
A biologist has hypothesized that high concentrations of actinomycin D inhibit RNA synthesisin cells and thereby inhibit the production of proteins.
Factors that cause a shift in the aggregate demand curve are the following although the list is not exhaustive. Any change in the components of aggregate expenditure. When consumption expenditure, investments expenditure, government expenditure, and ..
An individual, who has income I, cares only about two goods: X and Y. Their prices are Px and Py, respectively. The individual's utility function is U(X,Y)=aln(X)+(1-a)ln(Y).
If economy has full flexible prices and demand unexpectedly increases you would expect that the economy’s real GDP would tend to Increase, Decrease. Remain the same? What happens when demand fluctuates lower than expected? What happens when demand fl..
A fall in the value of the US dollar against other currencies makes US final goods and services cheaper to foreigners even though the US aggregate price level stays the same. As a result, foreigners demand more American aggregate output. You, however..
Figure 1 shows the shortrun cost curves of a toy producer. The market has 1,000 identical producers and Table 1 shows the market demand schedule for toys. At a market price of $21 a toy, what quantity does the firm produce in the short run and does ..
Does Defense Spending include transfer payments? Does Welfare (TANF) include transfer payments? Does Interest payments on government debt include transfer payments? Does social security include transfer payments?
Our constitution provides the citizens of the United States the absolute right of association and freedom of speech, do you think corporations should be considered people under the law and as such protected by the same rights as regular citizens? Exp..
how does the constitution and its amendments reflect the political principles of rule of law, checks and balances, separation of powers, republicanism,
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