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In the last half of the 1990s, the usual short-run trade-off between inflation and unemploymentdid not arise because:
a) the Fed held interest rates constant
b) the federal government balanced its budget
c)the U.S. personal savings rate rose
d)productivity (and thus aggregate supply) grew faster than previously
economists use elasticity to measure consumer responsiveness to changes in the various determinants associated with
Monopoly Rinks is the only ice skating facility in Mapleville. The next closest rink is about 100 miles away. It has determined that its demand curve is
suppose a firm faces the following demand for their product p100-q. further assume that the marginal cost to produce
good aliens corporation we make good product we have good machines it is all good good aliens corporations a famous
A major point of the Baumol-Tobin model of the transactions demand for money is that they show that the
select two countries that are currently in the news and briefly explain the situation between them.describe how the
Explain why your findings in part (a) are an illustration of the ‘Ricardian equivalence' principle. Is it possible that your answers would be di§erent if households were unable to borrow?
1. a firm has the following production functionq lk.the firm wants to produce a target output level of q200. the
Clarissa's utility function is U(r, z) = z + 160r - r^2, where r is the number of rose plants she has in her garden and z is the number of zinnias. She has 250 square feet to allocate to roses and zinnias. Roses each take up 4 square feet and zinnia..
describe how the budget constraint of a house hold in a two period model is affected by each of the following changes.
An asset is to be used in a project that will last 5 years. The MACRS property class for this asset is 3 years. If B = l0, 000 and S=3,000 at the end of year 5, determine the depreciation schedule.
Suppose that good X sells at $2 per unit and good Y sells for $1 per unit. Calculate the own price elasticity.
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