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What value of price elasticity of demand for electricity is assumed by people who draw the vertical demand curve? What evidence from the new York experiment is consistent with this hypothesis? What evidence is inconsistent?
Illustrate what might a more proactive Motorola have done dissimilarly had it correctly perceived the steps its rival Nokia would take.
If nominal output is $5.28 trillion also the GDP deflator is 20 percent higher than what is the output in the base year other than real output.
Based on the lags associated with fiscal and monetary policy, which one of the two tends to be more quickly implemented? Justify your answer in one paragraph.
A mayor wants to help renters in her city. She considers two policies that will benefit renters equally. One policy is a rent control, which places a price ceiling, p , on rents. The other is a government housing subsidy of s dollars per month that l..
Assume that b=1/2 and that initially the real interest rate is equal to the marginal product of capital at 3%. As well, assume that v=2 and that the inflation rate last period was 2%. Assume the natural rate of unemployment is 5.5%. The Sequester is ..
If a country is producing efficiently, it will produce __________ its production possibilities curve. If a country is producing inefficiently, it will produce ___________ its production possibilities curve.
On a trip to the grocery store you want to purchase oranges, but the price is pretty high due to the canker disease that has affected the crops. What are your choices? Do you have alternatives? What causes a shift in the demand or supply of oranges (..
Select an industry or firm and state what is the market structure (pure competition, or monopoly, or monopolistic, or oligopoly).Define the characteristics of the industry or firm to support your selection of a market structure. Describe or illustrat..
USAs finance minister stated quite recently that the country will hit the so called “debt/loan ceiling” that is at 18,100 billion dollars the 3d of November this year. The size of the loan road is determined by the US congress. Discuss different reas..
A cappuccino vending machine is designed to dispense an average of μ oz per cup. If the ounces per fill are normally distributed, with a standard deviation of 0.4 oz, what value should μ be set at so 6 oz cups will overflow only 2% of the time?
Assume an economy with a coal producer, a steel producer, and some consumers (there is no government). In a given year, the coal producer produces 20 million tons of coal and sells it for 5$ per ton. The coal producer pays $50 million in wages to con..
Discuss your opinion regarding whether unions are still relevant and necessary in today’s work environment. What other means might be used to ensure ‘‘employee voice’’ in the workplace?
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