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Inflation measurements and military goods
The price on military goods becomes cheaper due to a change in technology. Depending on how inflation is measured, explain why and why not the change in the price of military goods will be reflected in how the United States measures inflation.
Illustrtae what does this imply about the effectiveness of monetary and fiscal policy to reduce the unemployment rate.
Credit cards are sometimes discussed as a public problem. In 2001, purchases on credit cards accounted for 21% of consumer spending in America, which has the lowest savings rate of any big country.
Assess the degree of difficulty associated with measuring marginal revenue product for each of the following occupations.
Explain how much will your industry's total revenues (revenues from both products) change if you increase the price of good X by 1 percent.
Find out what quantity of the book Warm fuzzy should print, and what price it should charge in order to maximize profit.
List four reasons why analyzing the economy is not as precise as the multiplier model makes it appear.
Show the new utility maximizing bundle of gasoline and all other goods. What is the slope of the new budget line? What is the consumer's new MRS of all other goods for gasoline?
The nation is divided into __12______ Federal Reserve districts, each having a Federal Reserve Bank.
Illustrate what is the difference among real GDP and nominal GDP. Does GDP accurately reflect our nation's productivity.
Elucidate what should the US Congress also the Federal Reserve do about it?
Calculate the breakeven level for the subsiquent YoYo firm. The firm has overhead.
Draw a graph of the UK labour market that shows the demand for labour, the supply of labour, and the real wage rate in 1973 and 2003. Draw a graph of the UK production function in 1973 and 2003. Make sure your graph shows potential GDP in both year..
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