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Sally is offered a salary bonus of $2,000 for each of the next two years if she enrolls in a job training program this year. The total cost to Sally including any forgone earnings is $3,500.
John is willing to purchase 7 computers. This scenario displays the law of demand. Do you agree or disagree.
Mention and describe the three theories for why the short-run aggregate-supply curve is upward sloping.
Estimate the relationship among inflation and unemployment.
monopolies produce where: MARGINAL REVENUE = MARGINAL COST
Illustrate what factors shift your demand for goods . Give an example of how a demand determinant shifted your demand for a good.
Write your responses in complete sentences. Your answers to each question should include 2-3 paragraphs (125-250 words). 1. What shape did the short-run aggregate supply curve have during the 1930s, according to Keynes? Explain.
Suppose a random sample of size is selected from a population. Find the value of the standard error of the mean.
suppose that the feds inflation target is 2 percent potential outlook growth is 3.5 percent and velocity is a function
Based on the existing data of the field you believe there is a 15% chance that if you drilled immediately you would find a commercial discovery. You also have the option of investing in more information, which would include more sample wells and d..
explain how much will real GDP change. Explain how the concept of comparative advantage was relevant to the trade negotiations.
In a simple economy assume that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. Compute gross domestic product from the following set of numbers.
Visit the Bureau of Economic Analysis Web site at www.bea.gov In U.S. Economic Accounts under National click on Gross Domestic Product (GDP), then Interactive Tables:GDP and the National Income and Product Account (NIPA) Historical Tables
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