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Suppose the Farsighted Forecasting Group, an organization of private economists, predicts that the output gap will fall by 4 percent over the next year. According to Okun's Law, by how much is the unemployment rate likely to rise?
what is the cost SouthAfrican government providing and to whom?
1. suppose that the economy is initially in a steady state and that some of the nations capital stock is destroyed
One hundred compressors of 200 H.P. rating are being considered for purchase by the state highway department. The consumer price index was 400 five years ago and is 520 today. The cost of 150 H.P. compressors bought five years ago is as follows
The inventory turnover for the Lambkin Company was 8 times and its days' sales in receivables were 55. The average payables deferral period (or turnover) was 7.5. What is the cash cycle for Lambkin given a 365-day year
What is the unbiased estimate of the difference in height between boys and girls? Provide a formula and check the unbiasedness. Calculate the value of this estimate for the given sample
An owner can lease her building for $100,000 per year for three years. The explicit cost of maintaining the building is $35,000 and the implicit cost is $50,000. All revenues are received, and costs are borne, at the end of each year.
supposing that cars are capital intensive relative to shoes, which country will have comparative advantage in the production of cars? Of shoes? Explain.
Customers to Live Theaters, Inc. can be divided into two groups: seniors and everyone else. The inverse demand curves for each of the two groups are given below. The marginal cost (which equals the average variable cost) of serving
Determine the optimal number of workers to be employed
a book store opens across the street from university book store (USB). The new store carries the same textbooks but offers them 20% lower than USB. if the cross-elasticity is estimated to be 1.5, and USB does not respond to it's competition.
Consider three alternative policies, each with a different set of outcomes in terms of output and inflation, as shown in following table: Output Output Output Inflation Inflation Inflation Policy A Policy B Policy C Policy A Policy B Policy C
How many kilometres will he ride each weekend? [Hint: Think of this "value" equation as demand, and this "cost" equation as a (horizontal) supply.]
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