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Compare and contrast the difference between nominal and real GDP. Explain the challenges that an economy will be facing if GDP is constantly changing for the various stakeholders that are involved.
Please site your work.
Discuss some of the methodological and measurement problems one might encounter in using time-series data to estimate the parameters of this model.
Describe the Harrod-Domar growth model, and explain precisely how the model illustrates dynamic instability. Why is it often called the “knife’s edge model”?
Assume an open, mixed economy. Assume the MPC is .7. Assume a stimulus package of $100 billion has been approved by Congress and the money has been spent. In order to pay for those expenditures, Congress also approved a $100 billion increase in indiv..
During the first 13 weeks of the t.v season the Saturday evening 8:00pm-9:00pm audience proportions were recorded as ABC 29% CBS 28% NBC 25% and independents 18%. a sample of 300 homes two weeks after Saturday night schedule revision yielded the foll..
Suppose a comparable phone costs 500 USD in the U.S. and 300 EUR in Germany. If the nominal exchange rate is 0.8 EUR per 1 USD, then the real exchange rate in terms of how many German phones can be traded for one U.S. phone is
Why are energy and food left out of the calculation of core inflation? On an individual level, does the core inflation rate accurately reflect the rate of inflation you face on a monthly basis? If not, what would be your "basket" of goods and service..
q1. assume the economy starts out at point a. after that the public anticipates that the fed will use expansionary
(Price Posting) A monopolist supplies to a market with (inverse) demand given by D(Q) = 100 ? Q. The monopolist has constant marginal cost c = 2. Compute the monopolists profit-maximizing supply choice and the corresponding mark-up over marginal cost..
Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2012.
You believe that next year there is 50% probability that your health care cost will be $5,000 but your spouse believes you will all be healthy and there will be no healthcare cost; however you both agree to buy an annual health insurance plan. You de..
q1. discuss the social security system current status and future outlook. be thorough and focus on the economic
flexibility in the sequence in which products are produced using these functions. Millwood's new layout is an example of the fixed-position layout.
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