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What has happened to U.S. household debt over the past three years? What has happened to U.S. household savings over the same time period? Please include at least one piece of data to support your answer.
In 1996 Congress increased minimum wage from $4.25 to $5.15 every hour. Some people advise that a government subsidy could help employers finance higher wage.
Explain how do you go about drawing an indifference for such a utility function.
A corporation among $7 million in yearly taxable income is considering two alternatives
Using a long-run Phillips curve, what is the effect on the unemployment rate if the inflation rate rises and people expect the rise.
explain how the law of diminishing marginal utility applies to your personal consumption patterns and how the utility-maximization rule and the income and substitution effects play a role in your shopping at the mall and grocery stores.
Soft Selling occurs when a buyer is skeptical of the quality or usefulness of a product or service. For example suppose you're trying to sell a company a new accounting system that will reduce costs by 10%. Instead of asking for a price you offer ..
A piece of equipment used for research is purchased for $870,000 and is to be depreciated over a specific period of time. If the salvage value at the end of its depreciable life is $50,000, show the yearly depreciation using a) Straight line metho..
Explain how a voluntary exchange results in a win/win situation to both parties.
Illustrate can be said concerning eCommerce (such as Amazon and other online stores) and individual behavior vs traditional storefront retail and individual behavior.
Suppose government spending increases. Would the effect on aggregate demand be larger if the Federal Reserve held the money supply constant in response or if the Fed were committed to maintaining a fixed interest rate? Explain.
Describe three ways we can use macroeconomic analysis, with one original example for each way
Use the following equations for exercises 16-18. C=$100+0.8Y, I=$200, G=$250, X=$100-0.2Y 1. What is the new equilibrium level of real GDP if government spending increases by $150? 2. What is the new equilibrium level of real GDP if government spendi..
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