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Gold cost $100 an ounce at the beginning of 1971. At the beginning of 2015, gold was $1200 per ounce.
By what compound annual percentage rate has the price of gold increased over this period? State the answer as a percentage, to two decimal places.
Which of the following do the GDP statistics measure least well?
Which of the following is NOT true about a differentiated-product Bertrand duopoly?
What are the differences and similarities between a defined contribution plan and a defined benefit plan? As an employee, would you rather have a defined contribution plan or a defined benefit plan?
You are tasked with manufacturing 12 commercial aircraft per month. A new OSHA rule requires that welders be given paid 2 hour break for every 2 hours of work to prevent carpel tunnel syndrome. Using the isoquant isocost graph as an aid, explain what..
Mac has bequeathed his spaceship Serenity to his second in command, Zoe, upon his death. Zoe knows that Mac's weekly hairbreadth escapes from mortal danger cannot continue forever, and she estimates he has six years to live. Given that Serenity is no..
State whether each of the following events will cause a movement along the demand curve for Big Mac or whether it will cause the demand curve for Big Mac to shift? If the demand curve shifts, indicate whether it will shift to the left or to the right..
For the period 1980-2010, how did the rate of growth of per capita GDP in China compare to that in the US? How did the rate of growth of technological improvement (broadly conceived) in the two countries compare? Over the next half century, do you e..
The equilibrium allocation is stationary over time. Write down the market-clearing condition for an arbitrary date t. Find the real rate of return of at money at the monetary equilibrium. What is the gross rate of in ation?
Illustrate what were you thinking about the economy in 2005 and did you ever foresee a crisis of this magnitude.
Which of the following would most likely result if the federal government increased spending without increasing tax revenues during a period of full employment?
Consider two firms: a yoga studio and a bar. The bar produces noise which reduces the price that the yoga studio can charge from its customers.Assume that the bar can sell an unlimited amount of drinks at the market price p and its marginal cost incr..
Suppose you own a specialized auto parts manufacturer. You purchase and have installed a new machine to make a particular type of part. The price of the machine plus installation is $300,000. If you have already purchased the machine, should you go a..
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