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Given that the annual average growth rate of potential GDP is 6.48%. Suppose the economy grows 0.5%/year faster than at the growth rate of potential GDP. What is the first quarter at which actual GDP exceeds potential GDP?
Given Real GDP = 13450Given Potential GDP = 14250
Assume the United States government determines that the cigarette smoking creates social expenses not reflected in current price of cigarettes in the market.
Marketing research shows that the price elasticity demand coefficient for the widgets
Explain poor benefit from growth. Illustrate what kinds of policies are required to reduce the magnitude and extent of absolute poverty.
Illustrate what are the dividend payout ratios for each firm. What are the expected dividend growth rates for each firm.
Since identifying the M D curve is difficult, the overnight interest rate is often used as the primary method of implementing monetary policy, whereas the money supply is kept fixed. Explain whether this statement is correct or incorr..
Estimate the relationship among inflation and unemployment.
Assume you are looking at data for an economy that uses only two inputs, physical capital and labor. The table shows output for different combinations of labor.
What type of market structure is OPEC? What are some important issues that OPEC must confront in their efforts to control the price of oil?
Why might the existing firms in a cartelized industry prefer to be regulated by the government? What is the problem with common property resources?
Explain why is it difficult to determine who is and who is not in the labor force. What consequence does this have, if any, for the labor market indicator.
Think of a business company you recently visited. What motivated producers of all individual iteams in the store to make them and offer them for sale?
Assume that the Federal Reserve acts to lower interest rates. How this will affect the U.S. economy.
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