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Question: Suppose a plague causes a one-time reduction in an economy's labor force; immediately afterward the economy returns to its pre-plague labor-force growth rate. Suppose further that the economy was on its balanced-growth path before the plague, the saving rate never changes, and there is never technological progress.
What is the plague's immediate impact on total output and output per worker?
Is the growth rate of output after the plague and before the economy achieves balanced growth smaller or greater than its balanced-growth-path rate?
Determine whether a permanent increase in the size of the labor force and an improvement in technology, other things held constant, would lead to an increase, a decrease, or no change in long-run aggregate supply
What was the equilibrium price in market before the tax and what is the amount of the tax and how much will the buyer pay for the product after the tax is imposed?
What is the concept of Six Sigma? What is the difference between its two methodologies? Discuss briefly the acronym DOWNTIME in Lean Six Sigma goal?
Find and interpret income elasticity of demand for P1 - Find and interpret the cross price elasticity of demand for p1 and p2 indicating the relationship between the two product
Prepare a memo in which you address the advantages and disadvantages of both internal and external staffing methods of a new office that is remote from the main office.
Your local government needs to increase tax revenue. To increase tax revenue it can either increase the property tax on residential property or increase the property tax on all property. The government wants to impose the smallest excess burden po..
This problem is related to economics and it is discusses about the fixed costs and variable costs in a chocolate manufacturing company. Various ingredients and their costs are put forward.
If the consumer continues to buy 5 units of cake, what is the largest number of hamburger that he can afford?
Why the demand curve slopes downward and the supply curve slopes upward. Where is the point of equilibrium and what does it determine?
estaban has two fields on his farm near vallencia spain where he can grow oranges and olives. field 1 is 100 acres in
Suppose that Country A imposes a tariff on imports; show graphically what happens to the terms of trade PT PC .
Why do not all HCOs have strategic goals like Montefiore's? What contributions could Montefiore's governing board make toward accomplishing the strategic goals? What contributions should the management team make?
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