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Suppose the value of the cpi is 1.100 in year one 1.122 in year two, and 1.133 in year three. Assume also that the price of computers increases by 3% between year one and year two, and by another 3% between year two and year three. the price level is increasing , the inflation rate is ________, and the relative price of computers is _________.
Consider a social securities program where workers are required to pay certain percentage of their income during working years and get some of them back during their retiremen
Since no one party owns a not-for-profit hospital, physicians really own the hospital’s business. Consumer cooperatives have a long and successful history in development of th
Solow Diagram and Transition Paths. Assume that initially an economy is saving at a rate that exceeds its golden rule saving rate and that the economy is in a steady state equ
Suppose the price elasticity of demand for gasoline at the pump is 0.67. About how big a price increase will be required to decrease consumption of gasoline by 4 percent?
According to The Wall Street Journal, Mitsubishi Motors recently announced a major restructuring plan in an attempt to reverse declining global sales. Suppose that as part of
Your company has just signed a three-year nonrenewable contract with the city of New Orleans for earthmoving work. You are investigating the purchase of heavy construction equ
Assume that a minimum wage law is passed. It has no effect on the high wage sector A, but boosts wages to $7 per hour in sector B, while reducing employment to 20. Displaced w
at an annual general inflation rate of f . Also, i = 9%. What is the amount A in actual dollars equivalent to A’ = $1,000 in constant dollars? Please provide step by step det
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