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Question: In the module reading, an equation was derived which explains where increases in wages may come from: (a) changes in productivity and (b) changes in prices (inflation). Explain why this equation does not always work smoothly in terms of which side (workers or companies) reap the rewards of rising productivity. What is the role of the state of the economy (business cycle) in determining the rate at which wages might rise? Explain.
There is a significant amount of freeway traffic in Southern California. What could or should the government do to alleviate this problem?
U.S. GDP is approximately $14 trillion. If GDP were divided up equally among all 300 million Americans, what would each person get?
q.1 nbspbriefly define the following termsa.nbspnbspnbsp unemployment rate be sure to give the definition of the
Identify one of the determinants of productivity and provide evidence from the real world about whether this determinant is bolstering long run macroeconomic
Why is a depreciation of a country currency not necessarily a bad thing?.
A perfectly competitive industry (e.g., wheat) is in long run equilibrium. Imagine that there is an increase in the demand for wheat
Daniel is a diligent student who loves getting A's. But he also loves watching movies. Daniel is awake for 100 hours each week, and studying and watching movies are his only two activities. Daniel must study for 20 hours per week for each A he ear..
Explain how and why the firms demand curve for labor will compare to that of the firms operating in a competitive product market, and the consequences for the firms employment of labor. No graphs or calculations are needed.
Solve for the intertemporal consumptions that maximize utility. Illustrateyour results using a carefullty labelled diagram. What is theutility level of the agent at the optimum. Explain why this is likeconsuming a cake on a desert island.
How is Amazon using its core competency in its diversification efforts? Do you believe these efforts contribute to Amazon gaining.
How would you develop a methodology for Hardee to price its existing services? Its evolving services? Would you use the same or different strategies for each?
The company is considering the installation of additional monitoring devices to increase the chance of catching a shirker to 100%. They feel this is needed to deter all shirking. What is your recommendation to the company? Explain.
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