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After one year, a worker gets a 1% raise. The inflation rate for that year was 2%. Did the worker's real income increase, decrease, or remain the same? Explain.
Suppose you are studying the recent rise in shale energy. You know the inverse private demand function for shale energy is P = 100 - Qd. The private supply of shale energy is P = Qs. However, shale energy can potentially lead to pollution. The margin..
Suppose that in 1990, the price of bread was $2 per loaf and the price of milk was $1 per gallon. By 2000, the price of brad rises to $3 per loaf, and the price of milk rises to $2 per gallon. Assume that consumers have convex indifference curves, an..
Answer the following questions, and explain what would happen to the aggregate demand-aggregate supply model when appropriate.
q1. explain why is dispute among international dependency and the neoclassical counter-revolution schools referred to
Write 3-4 paragraphs pertaining to the theme below, be detailed on your work: The nuances and intricacies of nineteenth and twentieth century political and economic ideology The relationships among war, economics, and politics in twentieth century Eu..
As an analyst at the Treasury Department, you have been asked to predict the behavior of key macroeconomic variables for different scenarios on the state of policy between the US and Europe.
Which set of actions maximizes the total payoff of Nikita and Margaret? Is it likely that they will choose the payoff-maximizing actions without some communication? Why or why not?
The defined benefits pension fund of G-Tech Electronics has a net value of $2.71 billion. The company is switching to a defined contribution pension plan.
Assuming that factor markets are otherwise free and competitive, explain why the higher real wage would fail to increase the share of labor income in national income.
The Singapore system and the Whole Foods and State of Indiana systems share the. low out-of-pocket expenses but not the forced savings accounts.
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. Can businesses be an important cause of inflation or is it a pure monetary eff..
Assume that you work for the U.S. House Ways and Means Committee, and the Committee wants to create a new general definition of the term “currency."Please come up with a new definition , and explain why your new definition would be better.
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