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Describe (briefly) the trends and fluctuations in the unemployment rate in the United States from 1949 through 2013. In which periods was the unemployment rate above average and in which periods was it below average?
What is the equilibrium price? What is the equilibrium quantity? (d.) If the market price is $5 will there be a surplus or a shortage? Of how much?
Find aggregate output (Y) and the rate of interest (i) in this economy. Is the government's budget balanced, in surplus or deficit? If full-employment output is 830 and the Fed increases the money supply from 150 to 160, will economy achieve equilibr..
Average cost of producing 70 pies in batches of ten is $5.00 per pie and the average cost of producing 80 pies in batches of ten is $4.50 per pie. Elucidate the marginal cost of the 8th batch of pies.
Ahmad is a woodworker, specialized on production of weired looking coffe tables. Unfortunately, when he was attending his woodworking school 55 years ago, he did not pay attention in the class "Woodworking-Econ 310: Microeconomics for woodworker", an..
(Economics - Slavin, 2009) Between 1994 and 2005 our welfare rolls
If we assume that a given bus market is in competition which charges a flat fare of N$1, and if the formula for the total demand (in thousands) in the market is given by the equation:
Please describe the four growth theories covered, and for each list at least one implication for development to the extent the theory is correct. Which model seems most relevant to you and why?
The City of Phoenix plans to buy five additional mass transit cars for $15 million, and pay off its loan in 10 years. What would the annual percentage rate be if the city plans to make an interest payment of $2 million?
calculate the mean median also mode for the value of a house also for the value of a car. Illustrate what can you surmise about the data.
Studies indicate that the price elasticity of demand for cigarettes is about 0.4. if a pack of cigarettes currently costs $2 and the government wants to reduce smoking by 20%, by how much should it increase the price?
How changing the price elasticity of demand from elastic to inelastic affects the consumer's economic burden of a tax and the government's collected tax revenues?
Initially the exchange rate between South Korea and Tunisia is in equilibrium. Now assume that there is an increase in supply of Tunisian dinar. 1. As a result of an increase in supply of Tunisian dinar, what will happen to South Korean won and Tunis..
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