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Helga currently gets $1000 weekly in investment income, and she works 10 hours each week at $50 an hour, thereby earning an additional $500. Leisure is neither an inferior nor a normal good for Helga. If offered the choice between a 10 percent increase in her hourly wage rate, which would Helga choose? Assume that she is free to choose her hours of work.
find the current set of reserve requirements that banks must meet. Then calculate the reserve requirements for banks with the following amounts of transactions deposits.
Elucidate how much income did this represent for each of the 300 million U.S. citizens. Illustrate what was the largest GDP decline in a postwar U.S. recession.
Which curve shifts, if any, and in which direction. Elucidate the effect on equilibrium price and quantity for minivans.
Remaining group did not have jobs, except all said they would like one. 5 of this group had not looked actively for work for 3 months.
what will happen to the value of the dollar? Use the demand-supply model of the dollar to explain.
Illustrate what is the average value of a loyal customer (VLC) in a target market segment if the average purchase price is $50 per visit, the frequency of repurchase is 12 times per year.
Illustrate what are the values for Qi and Di on the effective date of the study. If the economic limit is 20 BOPD, estimate the ERR.
If policymakers want to reach full employment while maintaining balanced trade, what combination of monetary and fiscal policy should they use.
Mexico also which being free to pollute gives industries in Mexico an economic advantage over those in the U.S. also Canada.
In what did the South have a comparative advantage. Did the Civil War change any opportunity price in the South.
Congress cannot dictate how many workers industries hire at mandated wage. Given this fact, Illustrate what are effects of this law. Specifically, illustrate what happens to employment, output and total amount earned by workers.
A firm sells its product in a perfectly competitive market where or firms charge a price of $80 per unit. Illustrate what price should firm charge in short run.
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