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The table below shows the market basket quantities and prices for the base year year 1Base year 1 Price in price Quantity base year yr 2 Product Pizza 15 $3 $3.75 t-shirts 4 $10 $9 rent 1 $500 $550 In year 1 the CPI was? In year 2 the CPI was?
Create a presentation for the Board which examines the current state of the U.S. economy. Use the Library to find out the up-to-date information needed.
Briefly describe the details of the fictitious business and evaluate the financial performance of the company using the information provided in the scenario
Why might it be difficult for the Fed to formally adopt inflation targeting? Would inflation targeting be a good policy for the Fed in the present economic environment
Provide an update on the economy-where is unemployment, what is the outlook for the deficit, what are the overall predictions for 2010 - 2012?
SAR Publisher is a monopolist in publishing a textbook on Hong Kong economy. Besides the Hong Kong market, SAR Publisher also sells this textbook in United State.
Which of the following is a long-run macroeconomic policy goal? If the CPI was 132.5 at the end of 2003 and 140.2 at the end of 2004, the inflation rate over these two years was
The fiscal policy makers of Leverett want to adjust taxes to maintain the exchange rate at its previous level. What should they do If they do this, what are the overall effects on saving, investment, net exports, and the interest rate
The firm is considering a movement of the plant to Shenzen, China where labour is cheaper. The same mathematical relationship between inputs and outputs will hold.
Determine the prime rate, the discount rate, and the federal funds rate and who controls these rates? What would you expect to happen in the general economy if these rates are all increased or Decreased?
Economic theory and history explains that less developed countries that open their economies to international trade and capital flows will grow faster and reduce poverty.
Explain how the factors determining resource demand differ from those determining product demand. Explain the meaning and significance of the fact that the demand for a resource is a derived demand. Why do resource demand curves slope downward
What is business cycle? Describe the four phases of the business cycle. Where on the business cycle do you think the U.S. economy is today?
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