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Calculating Rate of Inflation from CPI
If the CPI went from 106 to 111 during the past year, what was the rate of inflation?
What happens to his consumption of Y? Calculate the coefficient of price elasticity and of cross price elasticity. Also draw the demand curves for X and Y, noting the equilibrium points for this consumer before and after the price change in X.
What are the macro and micro problems? What systems are affected structural, psychosocial, technical, managerial, goals?
How many "spells" of unemployment occur each year in this economy? What percentage of the "spells" are only one month long?
Explain what would happen to the slope or position of the AD curve in the following circumstances.
Elucidate price every ride must the public transportation authority charge to eliminate the deficit if it cannot reduce costs
Use both an individual's indifference curve and budget line, and the aggregate labor supply curve to explain and illustrate your answer.
Explain how is it that monetary policy, such as open market operations.
By how much will each firm reduce its SO2 output? Which firm will buy permits, which firm will sell them, and how many permits will be exchanged?
Suppose a production function is given by f(K;L) = KL 2 What combination of labour and capital minimizes the cost of producing any given output?
If velocity is unchanged and the money supply grows by 13% and the real GDP grows by 4%, what is the rate of inflation?
Using indifference curve analysis, explain and show graphically the effects of higher gasoline prices on:
Suppose that American households change their tastes such that they want to save more at every level of income.
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