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When the Federal Reserve fears that inflation is imminent, the Fed tends to push up interest rates which leads to higher unemployment. Does the Fed not care what jobs are lost? Explain
After the first course in biology or chemistry, many decide to major in something other that the natural sciences. which of the 12 principles is at work here?
Choose a company in which you are interested. Search to find out what new products that company has brought to market in the past year or two. Are those products truly new innovations, or are they simply extensions of existing products? What consider..
Compare and contrast China and U.S economic performance during the past five years. Please make use of time series data on employment, inflation,GDP, and trade balances. Tables and graphs are strongly encouraged.
Tom earns $15 per hour for up to 40 hours of work each week. He is paid $30 per hour for every hour in excess of 40. Tom faces a 20 percent tax rate and pays $4 per hour in child care expenses for each hour he works. What is Tom’s endowment point? In..
How is an investor's choice of which security to purchase related to his degree of risk aversion?
On the other hand, Nimrod is just as capable a hunter as ever; it takes him an average of only 2 hours to catch a deer. His fishing has suffered in the same way Grok's has, so that it also will take him 4 hours to catch a fish. What is the opportunit..
Consider the following two-player game: First player 1 selects a number x, which must be greater than or equal to zero. Player 2 observes x. Then, simultaneously and independently, player 1 selects a number y1 and player 2 selects a number y2 at whic..
Derive a comparative static relationship for a firm that maximizes profit subject to a cost constraint for a two factor, single product function. Assume that the cost constraint is binding. Is this problem characterized by a counterpart to the Slutsk..
Illustrates your local electricity company’s natural monopoly. The diagram shows the demand curve for kilowatt-hours (kWh) of electricity, the company’s marginal revenue (MR) curve, its marginal cost (MC) curve, and its average total cost (ATC) curve..
What effect on market labor in tablet company manufacturing industry if Congress bought more tablets for US college students, more college students major in engineering and computer science, and computer firms build more manufacturing firms?
Recall the following equations which describe an ISLM economy: C(YT)= C1+b*(YT) I(r) = I1 d*r G = G1 , T = T 1 Md= L1+e*Yf*r r e a l M s = MP Suppose the economy is described by the following equations: C(Y −T)=40+0.7*(Y −T) I(r) = 300 − 30r G ..
The current price charged by a local movie theater is $8 per ticket. At the current ticket price, the theater typically sells 300 tickets per showing. If the theater raises ticket prices to $9, the theater will sell 270 tickets. Assuming that the dem..
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