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Historical Relationship Between Inflation and Unemployment
What is the historical relationship between unemployment and inflation?
Using data for the year 2010, what are the most current figures for the unemployment rate and the inflation rate?
What does this say about the economy today?
Engineers at national research laboratory built a prototype automobile which could be driven 180 miles on single gallon of unleaded gasoline. They estimated that in the mass production the care would cost 40k for each unit to build.
Assume x and y are the only two goods a person consumes. If after a rise in p x , the quantity demanded of y decreases, one could say
Important information about Regression anaylsis. Compute the equilibrium price and quantity.
Indicate whether each of the following statements is true or false and explain why.
Provide each of the subsiquent price elasticities, determine whether marginal revenue is positive, negative, or zero.
If salary in the private organization are set equal to the value of the marginal product, how much will they rise yearly.
Explain how does the marginal price for a product like this differ from a product like automobiles. What relevance might there be to this difference.
Michael can buy either pizzas or submarine sandwiches. If the prices of pizza and submarine sandwiches double and Michael's money income triples, we can conclude that Michael's budget constraint will
Suppose you are provided with the following production relationships, where the input is fertilizer (pounds per acre) and the output is rice (cwt per acre). Using graph paper, please graph AVP, MVP, and MFC
Throughout this course we have discussed the 'agency problem' - i.e., when the interests of owners and managers are not properly aligned.
From each pair of goods, pick the good for which demand will most likely be more elastic:
Suppose that the assumption in key concept are satisfied. Show that X i is a valid instrument. That is, show that key concept 12.3 is satisfied with Z i = X i .
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