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Questions
1. What is the Keynesian multiplier? What does it imply that governments should do during recessions?
2. Does this makes sense and Can the government help them?
3. Or should the government be passive and not use resources?
Consider a sample with mean of 30 and a standard deviation of 5. use chebyshev's theorem to determine the percentage of the data within each of the following ranges:
Using the Drop Box link below, download the Excel spreadsheet containing the cost data for Arc Fabrication & Design, Inc. Note: the spreadsheet will open in
There have been tariffs on imported steel to 'protect' U.S. steelworkers. Who do the tariffs harm and who do the tariffs help?
Janet consumes two commodities x and y. Her utility function is U = min {x+2y, y+2x}. She chooses to buy 10 units of good x and 20 units of good y.
Some defenders of the current level of inequality claim that although it’s not inevitable, doing anything about it would be just too costly. They believe that for capitalism to work its wonders, high inequality is an inevitable, even necessary featur..
What is the difference between Real GDP and nominal GDP, and why do we care?
Households live for two periods, so at every time t there are two generations alive, young (y) and old (o). Households preferences are given by
The Solow model focus on how resources affect output. This module/week, you focused on capital. Name the other two major categories of resources. Draw an aggregate production function with a typical shape; label this function F.
An industry consists of three firms with sales of $200,000, $500,000, and $400,000. Compute the Herfindahl-Hirschman index.
A life insurance salesperson claims the average worker in the city of Cincinnati has no more than $25,000 of personal life insurance. To test this claim, you randomly sample 100 workers in Cincinnati. You find that this sample of workers averages $26..
Illustrate the effect of increasing Government spending on all the macro-economic variables assuming a horizontal AS curve.
What is the height that separates the top 12% of heights from the rest? Show work.
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