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What is the status of foreclosures in the Michigan?
Consider and address in your response:
1. Have the number of foreclosures in the last couple of years become fewer, more prevalent, or about the same as in the previous years?
2. What is the cause of foreclosures either occurring or not occurring?
3. Do you think there is or is not an improvement in distressed homeowners being taken advantage of by mortgage relief companies? Explain.
The Wall Street Journal recession probability tracker shows the likelihood that the US will enter a recession in the coming 12 month between 0 to 75 percent, the widest range since the Great Recession, despite the average likelihood trending downward..
What is the difference between customer satisfaction and customer loyalty? Why is it important to distinguish between these two concepts?
“The law of demand says that when the price of something falls, more should be consumed. But when the price of a vacation falls, I still just take one vacation per year.” How does the law of demand fit in this circumstance?
Suppose that the labor force participate rate is 79%, the total working-age population is 100 million, and the number of unemployed is 2.5 million. Determine: (i) the labor force; (ii) the number of employed workers; (iii) the unemployment rate; and ..
Because increased government spending or tax cuts cause higher government deficits, they also contribute to a rise in total planned expenditures and aggregate demand. Previously, the government operated with a balanced budget; however, recently, ther..
At that time the loan would be considered repaid. What effective annual interest did King Henry pay?
Precision Machine Company produces a unique and high-quality machinefor sale. The company is a price maker in the domestic market. The total cost
Graph the effects on the savings inter-temporal budget constranit. You are required to use the graphical representation of the llifecycle model's inter-temporal budget constraint. Assume a progressive tax system with 2 tax brackets are applicable for..
For the CES utility function U(x, z)= x^p + z^p. Derive expressions for the optimal levels of good x and good z as functions of the price of good x, z,pz and income, Y. For simplicity assume that the price of good z is normalized to be 1. What is the..
Which of the following constitute a reduced form solution of a model?
Suppose that doctors' visits cost $20, and the typical consumer has an income of $100. Consumers spend all of their incomes on doctors' visits and a "composite good" that costs $1 per unit. Draw the new budget constraint the consumer faces under plan..
The demand for and supply of shekels in the foreign exchange market is Demand = 30000 – 8000 e Supply = 25000 + 12000 e where the nominal exchange rate is expressed as dollars per shekel. What is the fundamental value of the shekel?
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