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how do we calculate the retail price index?
what are the problems of using the retail price index?
what are the advantages of inflation?
what are the disadvantages of inflation?
what is cost-push inflation ?
what is demand -pull inflation ?
what are the remedies for cost-push inflation?
what are the remedies for demand-pull inflation?
Describe when and why central banks buy either their own currency or the currency of another nation in an effort to control exchange rates.
Suppose a drop in the compensating wage differential between risky jobs and safe jobs has been observed. Two explanations have been put forward: Engineering advances have made it less costly to create a safe working environment.
Assuming the phone company has to charge the same monthly rental fee and unit price to all its customers, at what level should it set these charges?
A rise in corporate income taxes increases the investment in physical capital for any given interest rate.
Compute the value of the price index for GDP for 2005 using 2004 as the base year. By what percent did prices increase.
Assume the United States government is planning changes in economic and social policy to decrease wage inequality.
Illustrate What would happen if prices were lowered when demand was inelastic
What is the real wage as determined by the price-setting equation and what is the natural rate of unemployment?
ACME Corporation consists of 250 grocery stores throughout the Midwest. At the starting of 2008 its statement of net worth showed the following data,
The table above demonstrate the prices and quantities of 2-goods produced in a country in 2006 and 2007. These are the only goods produced in the country.
Explain what caused the Financial Crisis of 2007-2009 and explain how in the economy could be self-regulating in the long-run and should recover from the Great Recession.
Obtain annual data for a series of economic indicators from the ABS National accounts database. The economic indicators you are required to research are annual growth rate for GDP
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