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Q1. In July, 2012 U.S. gasoline had a nominal price of $3.49 and in July of 1992 it was $1.14.
Determine the real price of gasoline for both periods in terms of values in the base period of the CPI.
Q2. Suppose at the going wage rate of $20 per hour, firms can hire as many hours of janitorial services as it desires. If any firm tries to lower the wage rate to $19, it will not be able to hire any janitor. What does this indicate about the supply curve for janitorial services?
Q3. Suppose the equation for the LM curve is Y= 13,500r. Use this equation to explain the level of income at which there is a zero lower bound on the federal funds rate, the interest rate that the Fed controls.
Assume that during the last month of the tenth year of ownership, the property in Problem 2 is sold for 1,500,000. Assume also that the seller incurs transaction costs equalling 6 % of the sales price.
Assuming that the current production rates are maintained at the three congress plants, that unusual should management select.
Explain what will happen in the countries to which the immigrants return to potential GDP, employment, and the real wage rate.
Open a pizza restaurant and is considering either selling the bonds and using the 100,000 to start his restaurant or borrowing the 100,000 from a bank which would charge him an annual interest rate of 7 percent.
What is the equivalent annual worth of costs for the website over a total of 6 years at an interest rate of 12% per year.
Assume there is a drought that destroys a large portion of the tobacco crop. Explain what happen in the marketplace for tobacco.
Remain in mind about your paper that is going to be read by people without previous knowledge of game theory.
Select one market segment, and describe in one or two paragraphs what features the cell phone might have in order to be attractive to this segment.
Explain what Alice must prove in order to maintain a claim for sexual harassment and constructive discharge.
Does the existence of poverty imply that our socioeconomic system is unjust. Does the concentration of poverty in certain groups make it more unjust than it would be otherwise.
Illustrate the expected total monetary loss under 4% of annual interest rate if this park is permanently closed this year.
Illustrate that there are any extra costs or benefits due to this shift.
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