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Why is an inelastic demand curve "insensitive"? Provide an example of a good or service that fits the description.
Consider now an economy where you need to search for a job. Let b be the fraction of people that do not have a job and are searching for one. Write the equations describing the dynamics of those employed (E) and those who are not employed (NE). Compu..
Which of the following factors are typically omitted from the quantitative analysis of wages but can help explain otherwise unaccounted for disparities?
“Policy analysis is finding out what governments do, why they do it, and what difference, if any, it makes” Discuss your understanding of what policy analysis contains and what policy makers can learn from policy analysis. Provide at least two examp..
Analyze the federal debt over the past 100 years, by decade. What were the major issues or causes per period?
R/C Aero Specialties produces unmanned aerial vehicles (UAVs), or drones, for commercial and recreational uses. The company has updated its design to compete with Fuji Enterprises, but its production costs for this new model require a retail price th..
Since 2009, the Federal Reserve has been unable to stimulate the US economy sufficiently enough to generate 3-5% annual growth in GDP, despite keeping short-term interest rates near zero and institution a massive "quantitative easing" program. Why ha..
What single sum of money at t=4 is equivalent to receiving $5,000 at t=1, $6,000 at t=2, $7,000 at t=3, and $8,000 at t=4 is money is compounded at a rate of 8% per time period?
When using regression to combine forecast of the same Y variable derived in with various methods how do you determine the best forecasts to include in the model?
Why is the unrestricted entry of new firms to all markets necessary to assure the efficient allocation of resources in the long run?
Provide an appropriate response. The annual revenue and cost functions for a manufacturer of zip drives are approximately image and image, where x denotes the number of drives made. What is the maximum annual profit?
Social Security and Medicare are clear examples of: a. capitalism. b. market-determined services. c. market failures and externalities. d. governmental intervention in the market. "Second-hand" smoke, an often cited disadvantage of allowing smoking i..
Does a flexible exchange rate system provide a buffer between external economic shocks and a countries internal variables like wages prices, and interest rates? Explain
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