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Presume that the economy has the following production function: Y/L = 8*(K/L) 0.5. Further suppose that s = 0.2, gL = 0.3, and δ = 0.1. What is the value of the steady state capital-to-labor ratio?
under pressure from lobbying groups the president of a newly-independent country implements a minimum wage of 6hour.
bull assume that you were recently hired by a marketing research company.bull you are assigned to a research team to
the haas corporations executive vice president circulates a memo to the firms top management in which he argues for a
in the well-known case of united states vs. microsoft the us department of justice alleged that microsoft abused
What components of GDP (if any) would each of the following transactions affect. Explain. A family buys a new refrigerator, You buy a pizza, California repaves Highway 101, Your parents buy a bottle of French wine.
You plan a major adventure trip for the summer. You won’t be able to take your usual summer job that pays $6,000, and you won’t be able to live at home for free. The cost of your travel
A plastic surgeon thinks she can make more revenue by lowering the price of cosmetic surgery.If cosmetic surgery is an elastic service, is she correct in her assumption.
Suppose households become more frugal so that there is a downward shift in the consumption function (decrease in autonomous consumption). Analyze the effects of this change in household behavior on real output, unemployment.
The Case: The economy of Ethiopia is facing serious problems of unemployment and poverty. To cope up with these problems, Ethiopian president has called the economic advisors to analyze the facts and figures of the economy. Economic advisors sugge..
the industrial revolution which began in the eighteenth century has had an ongoing influence on society as well as the
Define contractionary stabilization policy, expansionary stabilization policy, and the assigned stabilization policy
Consider the total cost and the total revenue
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