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In 1988 the US gross domestic product (GDP) increased to $4.90 trillion at year end, from the 1987 year end level of 4.54 trillion in actual escalated dollar values. In the same year, the consumer price index rose approximately 4%. What was the constant (real) dollar percent increase in GDP?
Provide an example of how government regulation is either constraining or enabling for a particular company indicating the impact to the operational efficiency of the company. Discuss how your response impacts maximizing shareholder wealth.
should the club cover explicit and implicit costs? imagine that you are asked to consult with a drama club that puts on
Suppose alcohol generates a negative externality in consumption. If so, then
As low-carb diets increased in popularity, egg prices rose sharply. How might this affect the monks’ supply of cookies or private retreats? (See the Case in Point on the Monks of St. Benedict’s.)
fiscal policy refers to the changes in governments choices regarding the overall level of government spending and taxes
nbspthree oligopolists a b and c produce an identical product q. q is produced under conditions of constant costs
since the AC curve in the problem is upward-sloping everywhere, it is not possible to construct a zero-profit equilibrium given the assumptions of the problem this outcome requires a U-shaped AC curve.
the gpi bookstore orders sweaters with the gpi logo on them and sells them for 40 a piece. during a typical month 80
Explain how the unemployment rate could cause us to arrive at misleading conclusions about the condition of the job market. Do you feel that changes in the unemployment rate overstate or understate our level of economic activit
Suppose the Fed responds quickly to these shocks and adjusts monetary policy to keep unemployment and output at their natural rate. What action would it take On the same set of graphs from part (a), show the results. Label the new equilibrium as p..
analyze the various exchange-rate systems floating managed floating adjustable pegged and crawling pegged and
why is it so certain that price elasticity will cause those prices to return to levels they were at instead of staying lower based on the new technology?
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