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In 1982 you earned $32,000 and the CPI had a value of 92. In 2010 you earned $92,500 and the CPI had a value of 219. Between the two years the inflation rate was__ %. Your nominal income increased by __% and your real income increased by __%
What is the Bretton Woods system? Why was it created and why did it collapse? How has this collapse ushered in more volatile exchange rate and frequent financial crises?
q1. external and internal equilibria are often contradictory goals and the policy-maker is forced to choose between one
Suppose a consumer's utility function is given by U(X,Y) = X*Y. Also, the consumer has $288 to spend, and the price of X, PX=16, and the price of Y, PY = 1. How much X and Y should the consumer purchase in order to maximize her utility? How much tota..
Illustrate what is that technology and how does it change the marginal and average product. Please list any sources used.
Suppose you borrowed and bought a house few years ago, but the interest has fallen due to the monetary policy since then. Explain how the low interest can benefit you. What are the dilemmas of the new medical technology ?
q. - mr. banks knows that line maintenance expense varies with company size and he wants to use the latter to predict
A firm purchased some equipment at a very favorable price of $30,000. The equipment resulted in an annual net saving of $1000 per year during the 8 years it was used. At the end of 8 years, the equipment was sold for $40,000. Assuming interest at 8%,..
Suppose that the demand for federal funds curve is such that the quantity of funds demanded changes by $120 billion for each 1 percent change in the federal funds interest rate. Assuming no change in demand, will the Fed need to increase or decrease ..
In 1988 the US gross domestic product (GDP) increased to $4.90 trillion at year end, from the 1987 year end level of 4.54 trillion in actual escalated dollar values. In the same year, the consumer price index rose approximately 4%. What was the const..
If demand decreases and supply increases simultaneously then for sure. Which of the following will increase the demand for chicken?
Illustrate and explain the movement of the aggregate demand and aggregate supply curve both in the short and long run.
What is the doctrine of supremacy? Is corporate formation usually governed by state or federal law? Why are courts permitted to be flexible, and how do they do it, if they re required to follow precedent?
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