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Crude oil prices rose from $56 per barrel in January 2007 to $106 in September 2008. During the same period, the US economy slip into the recession and people are very pessimistic about the future. On a well-labeled AD-AS diagram, please show how the events affect the US output and overall price level and explain economic intuition carefully.
Identify the various actors of intergovernmental relations involved in the case. In general, what does this case tell you about the complexity of IGR in this country and the work of public administrators in the 21st century?
Describe a situation where the presence of multicollinearity would not necessarily be a bad thing. Explain your rationale. Describe a situation where multicollinearity would definitely be a bad thing and recommend remedial measures for the situation ..
The Family and Medical Leave Act of 1993 (FMLA) guaranteed maternity leave to many working women across the U.S. However, the law only applied to firms with 50-or-more employees; employees of smaller firms were not covered by the FMLA. Suppose that p..
Why might two presidential candidates appear to have very similar opinions during an election year even if they come from different parties? Repablicans and Democrats usually agree on most issues
If the taxes are set so that each resident shares the cost evenly (a=b=c), how so many paths will get built.
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 100 - 0.5P, and the marginal cost of production is $80. Determine the optimal number of units to put in ..
Circuit city employees were not represented by a labor organization and did not have a collective bargaining contract specifying terms and conditions of employment. How might Circuit city's labor cost-cutting strategy have brrn affected if its retail..
A payment of $2,000 will be realized today with additional payments of $1,000 at the end of each of the next 5 years. Assume a nominal interest rate of 20% is appropriate and calculate the following: Determine the future value of all the payments at ..
You make a series of quarterly deposits every quarter starting at the end Quarter 1 and ending at the end of Quarter 30. The first deposit is $2,000, and each deposit increases by $100 each Quarter. The nominal annual interest rate is 8%, and is comp..
Financial crises happen in various parts of the world. There have been many to which you can reference. Discuss the impact of financial crisis in Europe during the 2010 timeframe. What happened to bring about this crisis? What lessons can be learned ..
Consider two countries (Home and Foreign) that produce goods 1 (with labor and capital) and 2 (with labor and land) according to the production functions described in problems 2 and 3. Initially, both countries have the same supply of labor (100 unit..
A concrete and building materials company is trying to bring the company funded portion of its employee retirement fund into compliance with HB-301.
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