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1. Why is it said that decisions on fiscal and monetary policy are, at least in part, political decisions that cannot be made on "objective" economic criteria?
2. What is a Phillips curve? Why did it seem to work so much better in the period from 1954 to 1969 than it did in the 1970s?
Is the relationship between x and y in Table 2 positive or negative? Calculate the slope of the relationship when x equals 2 and when x equals 4. How does the slope change as the value of x increases?
Our other product, burritos, has a current price of $1.29 and we sell, on average, 190/day. If we drop the price to $1.19 and then sell 224/day, what can we infer about price elasticity Compare the price elasticity of both products and recommend a..
The benefits of specialization are intended to have a positive impact on the optimal method of procuring an input. The effect of specialization will lead to procurement of best quality inputs at the most cost effective possible way. Thus, benefits..
you observe an olympic athlete in the long-jump. suppose the distance of each jump is a random variable that follows a
Analyze several of your peers' posts. After reviewing their asset choice, do you see anything that may have been overlooked? Given the current market, do you see any potential issues with the asset class chosen
The air temperature is 25 C and the wind speed averaged 4 m/s. The accident occurred on a sunny afternoon. Estimate the distance downwind of the spill that would exceed the worker standard exposure limit of 1 ppmv for DCA.
Calculate the change in the budget surplus. Would you expect the change in the surplus to be more or less if c .9 rather than .8?
which requires at $10,000 license fee to use their design. Tooling costs $5000. Materials and consumables (cutting fluids, milling cutters, power, etc) are budgeted at $40 per product. Your company applies an overhead rate of 25% on all direct cos..
The number of days it takes to travel around the equator using a hot air balloon, if the balloon averages 100 miles per day, the diameter of the earth is ~4,000 miles.
If GDP is $100 billion, consumptionis $60 billion, investment is $30 billion, and net exports are-$5 billion, what is government spending in this economy
Suppose that the current market price of VCRs is $300, that average consumer disposable income is $30,000, and that the price of DVD players (a substitute for VCRs) is $500. Under these conditions annual U.S. demand for VCRs is 5 million per year.
The case of Goldblatt v. Town of Hempstead (369 U.S. 590, 1962) involved a takings claim by the operator of a gravel pit who was prohibited by a town ordinance from continuing to excavate from an open pit that had gone below the water table.
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