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Use the Bureau of Labor Statistics "Consumer Price Index History Table" (https://www.bls.gov/cpi/tables.htm) to answer the following questions. Note: There are many tables that the BLS occasionally rearranges. You need the annual percent changes from 1913. This was table 24, but might change.
Some states are required to balance their budgets. Is this measure stabilizing or destabilizing Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on th..
*Discuss the three (3) basic assumptions of the Solow Growth Model and analyze their compatibility with real-world economic conditions. *Analyze the effects of an increase in population growth on the growth rate of capital per worker.
How are the results the same or different? Explain why the results would be the same or different.
An investment alternative will yield an income of $12,500 now (t=0) and $8,000 three years from now. What is the accumulated amount at the end of 8 years if the interest rate is 9% per year compounded semi-annually?
Consider a good being sold in both city A and city B. The correlation coefficient between the price of the good in city A and city B (using weekly data over the period 2007 to the present) is 0.92. We may conclude that city A and city B are in the..
What is the term for a table that shows the relationship between price of a good and quantity supplied?
Assume that you have been put in the position of the Federal Reserve Chairman and then the President of the United States.
physicians offices supply some urgent care services i.e. services patients seek for prompt attention but not for
What is the mechanism by which the central bank announcing an inflation target translates into an actual inflation rate and how would your answer to q1 change if households had rational expectations
What weapons are most often used in the commission of crime? How many abortions occur each year? Do race, age, and income influence the likelihood of having an abortion?
What factors are considered in calculation of the CPI? Explain your answer. Where would you find data on CPI and PPI for the United States? What does the current level of inflation tell you about the state of the U.S. economy?
The crowdedness of the city is fixed, and has no relationship to the distance from the central business district. In other words, as we go further and further from the central business district, the level of crowdedness of the apartments remain un..
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