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Suppose that fiscal policy changes output faster than it changes the price level. How might such timing play a role in the theory of political business cycles? Is this a valid role for fiscal policy?
(a) reduce shirking by employees and (b) reduce employee turnover What is the implication of the efficiency wage theory for unemployment In what way are piece rates, commissions, royalties, profit sharing, and stock options substitutes for efficie..
A firm in perfectly competitive 'industry has this cost function: TC = 900 + q^2-If market demand is QD = 1800 - 20P, what is the long-run equilibrium price, quantity produced by the firm and the industry, and the number of firms in the industry?
Illustrtae the difference among concretionary and expansionary fiscal policy.
The relative price of tea in terms of Civics increase or decrease. Illustrate what about the relative price of Civics in terms of tea.
If the elasticity of demand for Anchor Steam Beer is -1, what willa 3% increase in its price do to the total dollar amount spenton it each week? (Not the total quantity.)
What is the argument against attempting to balance the Federal Government budget rapidly at the present time via either deep cuts in Federal Government spending on goods and services or via sharp increases in federal income tax rates?
Illustrate Toms price elasticity of demand also what does his demand curve look like (either verbally explain the shape of the demand curve
Assume now that there is an increase in demand for the good produced in this market. Market has once again adjusted to long-run equilibrium.
Compute the value of the price index for GDP for 2006 using 2005 as base year. By what percent did prices rise?
Imagine the opera has a capacity of 3000 seats and that all costs are fixed. If they can discriminate between the two groups, what is optimal price to charge to each group and how many tickets will each group buy?
Assume you want to begin a business in an area in which a natural disaster has recently occurred. How would you decide which kind of business to start.
The focus of the text is development of "3-criteria," successful organizations have in their human resource organization plans: the project of decision rights; an appropriate incentive and rewards system;
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