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Given: CPI in 2006 = 160.0; CPI in 2007 = 170.5; CPI in 2008 = 172.4; CPI in 2009 = 168.2
a. Compute the inflation rate in 2007, in 2008, and in 2009.
b. Based on the given data and your computations above, we can say that deflation occurred in 2008: true or false? Explain.
c. Based on the given data and your computations above, in which year did disinflation occur?
In the final round of a tv game show, contestants have a chance to increase their current winnings of $1 million to $2 million. if they are wrong, their prize money is decreased to $500,000. A contestant thinks his guess will be right 50% of the time..
If Mercedes Benz realizes that its annual demand for 500SEL model is 50,000 and their cost of order preparations is $42,000.00 and the inventory carrying cost per car per year is $3,600.00. What will be the Economic Order Quantity?
A new government (the Atreides) takes over and wants to encourage the efficient quantity of water to be sold. Describe at least three options for the new government to deal with the inefficiency created by this monopoly. Discuss the benefits and draw..
JET FAB bought a CNC laser cutting machine at a cost of $400,000 to meet the specific needs of customer that had given a 4-year contract with the possibility of extending the contract for another 4 years. Consequently, the company ended up selling th..
The recent merger of US Air and American Airlines received both national and local attention. The US Department of Justice contested the merger on the basis it would produce harmful monopoly-like behavior in the airline industry. Develop an argument ..
The production of steel in a factory generates a negative externality. A? per-unit tax on the factory that equals? ________ of steel production will internalize the externality entirely.
Are there any changes in the system that could improve savings rates? Should saving be the sole responsibility of individual citizens, or should corporations, financial institutions and markets, and government agencies have active roles in regulating..
q1. compare and contrast the way classical and keynesian theory determine the demand for money and how it is related to
q1. in terms of currency denomination describe how proctor amp gamble prices its revenue and costs. consider any two of
Health savings accounts (HSAs) A. allow employees, but not employers, to make tax-deductible contributions to an account. B. are accessible to those with qualifying insurance plans with annual deductibles of $500 or more. C. are accessible to employe..
Economists use the term capital to describe that factor of production that includes human-made resources such as factories, buildings, machinery and tools. A change in the price of hamburgers will shift the supply curve for hot dogs. If the price of ..
During the energy crisis of the 1970s, and again in the last 5 years, Congress bemoaned the “price gouging” and “windfall” profits of the major oil companies. In the 1970s Congress imposed an “excess profits tax” on these companies.
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