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How the Consumer Price Index is calculated
Can anyone find out how the Consumer Price Index (CPI), the primary measure of inflation used by the government, is calculated? Why might this method not reflect the real cost of living increase for the average person?
Describe and graph (using AD/AS framework) an example in today's news of fine tuning economy. Assume the MPC in an economy is 0.8, the APC is 0.8 and disposable income is $9 billion. If disposable income increases to $14 billion, what is the new le..
Explain why might intangible resources such as human capital and intellectual assets be a more likely source of sustainable competitive advantage than tangible resources.
Illustrate what extent should managers base their plans on the assumption that customers and suppliers are self-interested.
Illustrate rate of growth in fuel costs justifies going ahead with the insulation plan? Make sure that the rate of growth and the discount rate are aligned in terms of periodss.
Show the competitive position of 5 or more different firms within this industry
Explain why does the aggregate supply curve become very steep after potential output is reached. What does it mean for inflation when the demand curve shifts and crosses into this steep portion of the supply curve.
Illustrate what do economist mean by this. How do they determine what the right amount of the good is.
Explain they aim for a higher or lower target inflation rate. Will higher growth be achieved in the short run and the long run.
Jim is considering quitting his work and utilizing his savings to start a small business. He expects that his costs will consist of a lease on the building, inventory, wages for two workers, electricity and insurance.
Describe the present economic crisis situation in Europe. Why has it been so difficult for the Europeans to find a solution to this problem? Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..
Totally he received an offer for $66000. What is your opinion of the owner's decisions
What is opportunity cost? Explain with the help of an example, why assumption of constant opportunity cost is very unrealistic? Explain law of demand with the help of a demand schedule and demand curve.
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