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What does a contractionary gap imply about the actual rate of unemployment relative to the natural rate? What does it imply about the actual price level relative to the expected price level? What must happen to real and nominal wages in order to close a contractionary gap?
A corporation among $7 million in yearly taxable income is considering two alternatives
The monopoly sells two units of goods over two periods. The costs are zero. Consumer A has a valuation of 15 and Consumer B has a valuation of 10. Suppose the discount rate is ?=.8. If we allow Consumer B to have a valuation of k
Find out the optimal weekly output and price of this firm. Find out the weekly profit from the production and sale of this product.
What is the income gap for the bank? What will happen to profits next year if interest rates fall by 3 percentage points?
Pam, having recently graduated from college, is looking to work for 2 years before she enters graduate school. She has received 2 job offers with the following salary structures:
Assume which is more difficult to monitor workers at larger firms than at smaller firms. According to the delayed payment compensation model,
Illustrate the impact do natural resources have on economic growth. Will it be possible for a country with few natural resources to grow rapidly.
The subsequent table gives total output or total product as a function of labor units used. Does the table indicate a situation of diminishing returns.
A company finds there is a sudden increase in the demand for its product. In the short run, it must operate longer hours and pay higher overtime wage costs.
When 2-mutually exclusive projects are considered, NPV calculations and IRR calculations may, under certain circumstances, give conflicting recommendations as to which project to accept.
The following events have their initial impact on which of the following: aggregated demand, short-run aggrevated supply, long-run aggregated supply, or both short-run and long-run aggregated supply. Do the curves shift to the right or left.
It is proposed that Congress pass a fiscal stimulus package that includes tax rebates for individuals. Is this Keynesian or Monetarist policy. What do you think tax rebates would stimulate the economy.
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