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The European standard or level of living rose from far less than that of the US following WWII to a level similar to that of the US today. What were the political and economic developments that permitted this?
Suppose that population standard deviation is 0.56 (instead of 0.45), without doing calculations explain whether a 95% condence interval for the population mean would be wider than, narrower than, or the same widt
An economy has a consumption function of C=10+.8Y, investment of 6, government expenditure of 10, exports of 10, and an import function of M=.1Y. What i equilibrium real GDP?
(a) Plot crowding out for the following situations on a graph, and explain why you get the results: (i) Perfectly inelastic ID curve (vertical) & perfectly elastic SS curve (horizontal). (ii) Perfectly inelastic SS curve (vertical) & perfectly elasti..
in a competitive market the market demand is qd 400 - 5p and the market supply is qs 10p - 80. a price ceiling of 32
Sixteen states sue the major tobacco companies for billions of dollars because of tobacco-related costs in their Medicaid programs. Medical evidence that more than two cups of coffee a day (Considered by many to be a substitute for smoking) greatl..
1. in problem 1 charlie has a utility function uxa xb xaxb the price of apples is 1 and the price of bananas is 2. if
Assume individuals consider only the short-run effects of changes in future macro variables when forming expectations of future output and future interest rates. Suppose individuals expect future government spending to increase.
Choose any one topic out of the following , • Water , • Energy , • Agriculture , • Forest
The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S1 to S2. Approximately what percentage of the tax do producers end up paying?
It has been proposed that toll collection on the Massachusetts Turnpike, a key commuter route into Boston from the west, be discontinued. Proponents argue that tolls have long ago paid for the cost of building the road
Which of the following is not one of the services the Fed provides to commercial banks? If the price of one good change whiles other prices are held constant,
Calculate Bob's marginal rate of substitution as a function of L,C, and α.
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