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Economic Princples
Please explain in detail to improve my understanding of these questions.
Why is there a trade off between the amount of consumption that they can enjoy today and the amount of consumption that they can enjoy in the future? Why cant people enjoy more of both? How does saving relate to investment and thuus to economic growth? What role do banks and other financial intstitutions play in aiding the growth process?
Explain how an increase in your nominal income and a decrease in your real income might occur simultaneously. Who loses from inflation? Who loses from unemployment? If you had to choose between (a) full employment with a 6 percent annual rate of inflation and (b) price stability with an 8 percent unemployment rate, which would you choose? Why?
Production Possibilities Tables for Germany and Canada (note that we are assuming that opportunity costs remain constant along the production possibilities frontier), and that each country produces only these two products).
Assuming no population growth or technological progress, find the steady state capital stock per worker, output per worker, consumption per worker and investment per worker given that the rate of saving is 20% and depreciation rate is 10%.
What would be the effects on employment and unemployment given the actions taken by the Fed.
What elasticity of demand did the Village Administrator seem to assume here in his prediction for 1970- 1971? Compute the approximate elasticity of demand (round off, two decimal places is close enough).
Compute the coefficient of price-elasticity of supply for the seven prices ranges given above and complete the table.
A perfectly competitive firm should hire an additional worker only if the employee 's marginal revenue product is less than the wage rate.
Using the dynamic augmented Phillip's Curve model (Y/PC/MR), demonstrate the effects of the Following changes. Show both the short-run and long-run effects.
Compute real GDP for 2004 and 2005 using 2004 prices. By what percent did real GDP grow? Compute the value of the price index for GDP for 2005 by using 2004 as the base year. By what percent did prices increase?
Examplify this assignment as an exercise in critical thinking; your goal is to represent a party's argument as accurately and as thoroughly as possible.
Marlene will live for for more time duration. In the current period, she has the option of attending college.
By how much and in which city is the hotel room cheaper.
What are the needs of big companies presently. Do you think it is paying higher salary so people will be more motivated.
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