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The price level of a basket of goods in 2002 was $64.00. The price level of that same basket in 2003 was $68.00. If 2002 is the base year, what was the price index in 2003?
6. If nominal output is $300 billin and the price index is 115, what is the real output?
The Update of the June 4th, 2014 Beige Book was prepared at the Federal Reserve Bank of New York. The information is collected 6 weeks prior to each anticipated Federal Open Market Committee (FOMC)
Assume nominal GDP in 1999 was $200 billion, and in 2001, it was $270 billion. The general price index in 1999 was 100 and in 2001 it was 150. In 1999 and 2001, real GDP rose by what percent?
Suppose that two years ago, you purchased a Jeep Wrangler SE 4WD with a soft top for $16,500 using five year interest-free financing.
In 2008-2009, the nation economy retrenched in the wake of a global financial crisis. Did the globalization of capital markets contribute to this crisis.
P stands for price Pr stands for price of related good also N stands for per capita disposable income.
Consumption per capita as a function of ? and s. e. Golden Rule consumption if ? = 10%. (Hint: Find the s that maximizes consumption)
How does the demand curve faced by a purely monopolistic seller differ from that confronting a purely competitive firm? Why does it differ? Of what significant is the difference? Why is the pure monopolist demand curve typically not perfectly inelast..
Suppose there are 9 firms in the photographic film industry with corresponding market shares as given in the table above. Under present merger guidelines with respect to industry HHI and the change in HHI resulting from a merger
Use the supply and demand model to explain what happens to the equilibrium price and the equilibrium quantity for frozen yogurt if there is a sudden increase in the price of milk.
Assume the firm raised the price to $4.00 while increasing the advertising expenditures by $100. Would this be beneficial. Explain. Illustrate your answer with the demand schedule.
What do these numbers tell you about the phase of the business cycle in the United States, Euro area, and Japan in 2008? What do these numbers tell us about the relative size of the natural unemployment rates in the United States, the Euro Area, an..
ensure that the benefits to those who gain from the decision are greater than the losses of those who are harmed by thedecision. which criterion would you select to use in determining the route of the highway. explain
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