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According to the BLS, the CPI rose 3.8% in August of this year compared to a year earlier. Food prices rose 4.6% and clothing prices were up 4.2%, while new car prices rose 3.8%, and medical care was up 3.2%. What percentage change in the CPI up until August is accounted for by the changes in the prices of food, clothing, and medical care? Given the changes in food, clothing, and medical care, by what percentage did the prices of the other items in the CPI basket change? Why did the prices of the other items change?
Some observes claim that laxity of the rules governing the creation, sale and purchase of some types of securities bear much of the guilt for the Great Recession of the early twenty-first century. Can you suggest some specific types of activity that ..
Suppose that the wage is $20 per hour in a two-sector (manufacturing and agriculture) specific-factors model. Currently, the prices of manufactured and agricultural outputs are $5 and $1, respectively;
Contractionary fiscal policy and contractionary monetary
if sugar protectionism has the bad effects stated in the editorial, why dont congress and the president eliminate it?
Your wealthy professor would like to live in a golfing community. A house is for sale in Greenbryer. The purchase price is $899,900. Assume that your professor is willing to pay the full asking price. The bank loves to make loans to professors and ha..
Explain which it would not be optimal for Firm 1 to make the investment if there were no threat of entry.
Economic relationships between Spain and Portugal, and Europe (England, France, Holland): Structures of dependence. Differences between Spain and England and how these difference extended to and/or influenced the development of the Spanish colonies.
Suppose a linear demand function is estimated for good x as, Qd = 100 – 4*Px + 6*Py + M. where Px = $4, Py = $2, and M =10. M is the average income of consumers, measured in thousands of dollars. What is the price elasticity of good x? (choose the ne..
Indicate the various components of GDP when it is derived by the resource cost-income approach. Calculate using the resource cost-income approach.
According to the political business cycle theory, if the Fed wanted to see a President re-elected, prior to the election it might
q.a consumer who conforms to the von neumann morgenstern axioms is faced with four situations a b c d. he prefers a to
What are your thoughts on tort reform, more specifically setting caps/limits (ceilings) on jury awards/verdicts in tort liability cases. Class action cases? Corporate liability cases? Is this a good idea? Who would lobby for these caps? Who DOES lobb..
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