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In the country of Dagobah, the velocity of money is constant. Real GDP grows by 3 percent per year, the money stock grows by 8 percent per year, and the nominal interest rate is 9 percent. What is:
a. The growth rate of nominal GDP?
b. The inflation rate?
c. The real interest rate?
The output, revenue, and profits for a firm under bad times for a firm in isolation and in a pooled labor market. b) the output, revenue, and profits for a firm under good times for a firm in isolation and in a pooled labor market.
Capital, K, has a price of $16 perunit and labor, L, has a price of $8 per-unit. In the short-run capital is fixed at 8 units. Find the choice for labor necessary to produce 40 units of output at minimum cost.
The work by Milton Friedman altered the consensus that had developed in the aftermath of the Great Depression on how the economy should be managed. As a result, the current goal of economic policymakers is to: reduce the magnitude of both downturns a..
Illustrate what do you think about the relationship between tort law and commercial productivity in the United States. Do you believe that companies should enjoy greater protections against potential tortfeasors.
Suppose vehicle is introduced into a central business district (CBD), doubling speed of travel for information exchange. Who financially benefits from innovation.
Bill’s Grill is a popular college restaurant that is famous for its hamburgers. The owner of the restaurant, Bill, mixes fresh ground beef and pork with a secret ingredient to make delicious quarter-pound hamburgers that are advertised as having no m..
q.exercise 1price mart reduces the price of a 42 inch tv plasma from 1200 to 1000. as a result sales of tv plasmas
If county government offices required that all employees must live within the county limits, what impact would this have on the elasticity of demand for employees of the county government offices?
write a four to five 4-5 page paper in which you1. explain why government regulation is or is not needed citing the
Canada increased from 7,500 kg per month to 8,000 kg per month. Use calculated elasticity to comment on substitutability or complementarity of coffee and tea
A student intern discovers the following about the demand by local businesses for attendance at a pro sports team's games: PB = $140 – 4 AB where PB is the ticket price paid by businesses, measured in dollars, and AB is their attendance measured in t..
Notice it is assumed that Brian will spend at least 4 hours per week studying each of the 3 courses.
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