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Question: During the early 1960s, wage and price ‘‘guidelines'' were in place that were supposed to limit the gains in wages to the increase in productivity, hence holding prices almost constant. Since the CPI rose at an average rate of only 1.1% from 1961 through 1964, the program was considered a big success by Kennedy Administration economists.
(A) What were the real reasons inflation was so low in the early 1960s?
(B) The guidelines remained in place under Johnson, but the rate of inflation gradually rose to almost 6%. What factors rendered the guidelines ineffective?
The Table below gives the income of each of four individuals who are in a region. Calculate and plot the Lorenz curve and calculate the Gini coefficient for this economy
What is the Importance of Money in National Economy? Answer must related to these terms Production Devision Money,Money and consumption Period.
use stata to analyze the data listed in the file anovadata.xlsx. the data are changes in fat-free mass in women after
Assignment: Economics Term paper- What factors influence the demand for this product? What factors influence the supply of this product?
The market for a standard-sized cardboard container comprises two firms: BooBox and Flimflax. As manager of BooBox you enjoy patented technology which permits your company to produce boxes faster and at lower cost than Flimflax.
In the article entitled "The Economic Effects of Labor Unions Revisited," Vedder and Galloway attempt to prove statistically, using historical data, that labor unions do not have a good effect on the economy.
Utilize concentration ratios to find two examples of very concentrated industries (use examples that are not in your text.Determine if there have been any recent (past 10 years) attempts by these firms to merge.
the government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues
Are employees treated as "commodities" at Marriott? Is their labor policy "cruelly capricious" or "caring"? Is Marriott the exception to the rule among big companies?
Consider an industry with two firms producing an identical product. Each firm has a marginal cost of 10 and a fixed cost of 20. Market (inverse) demand for the product is given by: What is the Nash EQLM of the matrix in (b)? What is each firm’s strat..
how do i compute the short run total product average product of labor and marginal product of labor given the
A. What tools can the Fed use to operate an expansionary monetary policy?
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