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At what price should you purchase a $10,000 (6% APR coupon paid once every six months) bond today, if it matures in 8 and 1/2 years, and you want to make 8% APR on your investment?
Describe how the equilibrium wage and employment levels are determined. Depict how a legal minimum wage alters market outcomes.
Find the equilibrium price (P), quantity (Q), and revenue in a market characterized by the following equations:
Suppose that the bus schedule is changed so that buses are 10 percent more frequent and that rider-ship subsequently rises to the level that existed before the fare increase. In other words, the fare increase has a negative impact on rider-ship, but ..
In preparation for membership in the European Monetary Union (EMU), countries had to participate for 2 years in the European Monetary System (EMS). Italy at that time had a fixed exchange rate against the DM, but a floating rate against the dollar. W..
As you now know, the Phillips Curve shows the tradeoff between unemployment and inflation. If you were Chairman Yellen, in today’s current economic state, would you recommend an emphasis on inflation or unemployment?
In a market economy,
Choose a theme (Inequality, Population issues, Education or Health Care provision) and in about 400-500 words, develop a "Position paper" which will focus on developing a local strategy that would promote economic Development where your choice sector..
Explain how do you think which these individuals would rank the utility of these similar expenses for themselves.
In your opinion, are you better off saving money or spending money? Why? Please explain? Then take the question from a more macroeconomic perspective...does your spending or saving make the economy as a whole better off (and thus indirectly you)? How..
In a given population, the probabilities of dying in successive 10-year intervals, in percent, are [6, 4, 4, 4, 4, 8, 15, 20, 40, 100]. Assume that total deaths in each interval occur evenly throughout the interval. Find the proportion of individuals..
Think about the ABC approach to consumer attitudes. How do the various components apply to your daily life as a consumer? Give examples and discuss!
This problem focuses on the labor supply effects of taxes. Assume there is a worker (Cosmo) who has a utility function over money income m and leisure l is u(m, l) = √ ml. Cosmo chooses how many hours to supply to the labor market where h = 16 − l su..
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