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Let's assume that 2% per capita GDP growth is required on humanitarian grounds, and that left alone, population growth rates will be 1.4%. Pragmatopia will achieve this growth rate, while reducing carbon intensity as the most successful reducer of carbon intensity has done. Does Pragmatopia have rising or falling carbon emissions?
Toward the end of the recent recession, the economy was characterized by a "jobless recovery" - output and hours worked were rising, but employment was not. Explain what may have been happening.
According to the Federal Housing Finance Agency house price index, U.S. housing prices declined throughout 2008 and 2009. What are two demand determinants and two supply determinants that might explain the broad decline in house prices that occurred ..
In 2005, conditions in Iraq led to a sharp drop in consumer confidence and a drop in consumption. Assume that the Fed holds the money supply constant, tell a story and predict the effects on the equilibrium levels of aggregate output (Y) and the inte..
Choose an electricity market about which you have access to sufficient informa- tion, preferably the same market that you studied for the problems of Chapter 1. Describe the implementation of this market. In particular, determine the aspects that are..
The World Bank projects that the world's population will increase from 7 billion to 8 billion in 2025. World output today is roughly $80 trillion. What is global per capita income today? What will per capita income be in 2025 if the world's economy d..
Explain how the aggregate expenditure function shifts in response to changes in each of the following variables:
N players are competing for a prize of 20 dollars. Who wins the prize is determined as follows. Each player submits a real number between 0 and 100 simultaneously. A player wins if his number is the closest to 2 of the average of the numbers of all N..
What market structure best describes the structure under which your organization operates? Identify one challenge and one opportunity that arise from this and how the firm might use these for strategic advantage.
Assume that you are the manager of a perfectly competitive firm. The market price of the output is $60. Your firm's total cost function is Q^2+12Q+60. How many units should your firm produce in the short run? What will the profit/loss of your firm be..
Describe managerial/leadership roles, skills, and strategies facilitating positive change outcomes in relation to assisting the organization to prepare for change and discuss the importance of preparing the organization for change.
Conclude the change in demand when PX increases to 80. Conclude the exact amounts of the income also substitution effects for X.
summarize how the test affected the court proceedings. Submit your paper as a Word document to your instructor. Remember to correctly cite your sources.
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