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Until the late 1990s, airlines would post proposed changes in ticket prices on computer reservation systems several days before the new ticket prices went into effect. Then the federal government took action to end this practice. Now airlines can post prices on their reservation systems only for tickets that are immediately available for sale. Why would the federal government object to the old system of posting prices before they went into effect?
Explain why the effective or true multiplier would be expected to be much smaller when the economy is near potential output.
Adam's Ribs in downtown Chicago buys $10,000 worth of beef ribs, $25,000 worth of pork ribs, and $8,000 worth of napkins each month. Are these purchases included in the calculation of gross domestic product
A full time student used to earn 30000 in his previous job but now attend a 4 year collage, He paid a total of 15000 in tuition and fees per year. He also took a student loan of 10000 at a annual interest rate of 3% per year and withdrew 14000 in sav..
What were the main causes of the Great Depression of the 1930s? Why did the Depression cause such severe unemployment in industrialised countries? Why were governments around the world so ineffective in dealing with this crisis?
even before the metals and manufacturing companies described earlier u.s. railroads in the nineteenth century were
Show that if the insurance company could separate drivers without the devices and offer full insurance at the actuarially fair premium of $5,000, the higher risk drivers would prefer insurance to no insurance.
Jet Set Travel, Inc. (JTI) has been hugely successful in the distribution of stylish, comfortable shoes for travel. Please describe how non-value added costs can damage the company, it sales, it costs, and it's value chain
What different mechanisms are available to the federal government to change aggregate demand Why is a market economy susceptible to coordination failures that can lead to unemployment and inflation What do you think can be done to rectify these f..
What kind of price changes would leave them just as well as no matter what kind of preferences they had?
Evaluate whether each of the following statements is true or false. Explain your answer and provide supporting rationale. The short-run aggregate supply (SAS) curve slopes upward because households spend more as their incomes increase. The long-run ..
suppose that the reserve requirement is 10 percent and the balance sheet of the peoples national bank looks like the
the elected officials in a west coast university are concerned about the explosive rents being charged to college
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