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Explain what effect a reduction in productivity has on wage setting behavior, price setting behavior, the equilibrium real wage, the natural rate of unemployment, and the natural level of output.
Irish economy towards global markets and away from self suffieciency from the 1950s onwards". For this issue, how can I find the answer?
A $200,000 bond having a bond rate of 8% payable annually is purchased for $190,500 and kept for 6 years, at which time it is sold. How much should it sell for in order to yield a 7% effective annual return on the investment?
The airline industry, despite continued rapid growth, has been only marginally profitable over the last 50 years. What characteristics of the industry result in the lack of satisfactory profits?
If there are no fixed costs, and the marginal cost of providing light is given by MC=12, then what is the optimal brightness of light for the university?
Assume that utility over two goods is given by U(x1,x2) = 0.3lnx1 +0.7lnx2. The price of good x1 is equal to p1 and the price of good x2 is p2. The total income of the individual is given by I. Write down the budget constraint of this person. Calcula..
Assume that rather than buying textbooks for their courses last year, all students decided to buy online access cards at $100 per textbook. Compute the total cost for this basket of goods and the CPI.
Explain what a slope of .5 would mean if you were measuring the relationship between consumer spending and income, where the dependent variable is consumer spending and the independent variable is income?
Identify and discuss other factors, including structural and social, that have contributed to increased income inequality and indicate the approximate percentage of income inequality for the top two or three causal factors as related by Lindsey.
There is one scenario where the unemployment rate would probably be underestimated due to the discouraged worker effect. One where the rate would probably be underestimated due to underemployment.
Elucidate which of the following events would cause the price differences in these letters to get smaller.
Which of the following taxes are not equivalent to each other? Assume that each is a proportional tax.
Using the chi-square table determine where the p-value would be, for the data having df= 5 and computed value is 20.36
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