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(Inflation) Here are some recent data on the U.S. consumer price index:Year CPI Year CPI Year CPI1988 118.3 1994 148.2 2000 172.21989 124.0 1995 152.4 2001 177.11990 130.7 1996 156.9 2002 179.91991 136.2 1997 160.5 2003 184.01992 140.3 1998 163.0 2004 188.91993 144.5 1999 166.6 2005 195.32006 201.8Compute the inflation rate for each year 1989-2006 and determine which were years of inflation. In which years did deflation occur? In which years did disinflation occur? Was there hyperinflation in any year?
In this exercise, you will find actual points on the combined PPC of the two states. For each of the following values of one good, calculate the maximum amount of the other good that the two countries could produce working together.
You are considering going to graduate school for a one-year master's program. You have done some research and believe that the master's degree will add $6,000 per year to your salary for the next 10 years of your working life, starting at the end ..
There are six companies in the industry. Assume their sales in the year 2006 are as follows, Determine the concentration ratio in the industry
Frisbee manufacturers persuade the government that Frisbee production improves scientists' understanding of aerodynamics and thus is important for national security. A concerned Congress votes to impose a price floor $2 above the equilibrium price..
Suppose that the eye doctor offers senior residents a discounted price for an eye exam. The demand function for senior residents is Qs = 50 - Ps, and the demand function for the general public is Qg = 60 - Pg. The marginal cost for an eye exam is ..
Calculate fixed and variable costs of cleaning 0, 3, 8, and 12 rooms and the average total cost and marginal cost at 3, 8, and 13 rooms and enter them in the table (You can cut and paste the table Quantity of output None 3/ 3rd rooms 8/8th rooms 1..
Suppose the consumption function is C = $400 billion + 0.8Y and the government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially (before multiplier effects) with ( a ) A $50 billion increase in gov..
the operation and maintatenance expenses 450 per year additionally , the hourly fuel expense for running the turbine is 7.5 dollar per hour and the turbine expected to operate 3000 hours eaach year . the cost of dismantling and disposing the turbi..
Your enterprising uncle opens a sandwich shop that employs 7 people. The employees are paid $6 per hour, and a sandwich sell for $3. If your uncle is maximizing his profit, what is the value of the marginal product of the last worker he hired
Consumer surveys indicate that 40% of newspaper readers read automobile ads and 5% of those who read the ads actually purchase automobiles. On the other hand, 50% of magazine readers read automobile ads but only 3% of those.
A person applied a mortgage of $250,000. A mortgage company claimed the interest rate for the 15-year loan is 5.5%. (a) What would be the monthly payment (b) If the person accepted the terms of the loan on Oct. 1, 2008 (the first payment was due Nov..
A small manufacturing company has an estimated annual taxable income of $95,000. Due to an increase in business, the company is considering purchasing a new machine that will generate additional before-tax annual revenue of $50,000
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