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hannah and her employer both expected inflation to be 3% between 2010 and 2011, so they agreed in a two year contract $12.00 an hour in 2010 and $12.36 per hour in 2011. However suppose inflation between 2010 and 2011 was only 2% not 3%. For example suppose the price of milk rose from $3.00 per gallon to $3.06 per gallon. This means that between 2010 and 2011 hannah's nominal wage(increased or decreased ) by ? % and her real wage ( increased or decreased ) by approximatley ( 3, 1, 5 % ).
Determine the three major categories of revenues for the federal government and three major categories of expenditures for the federal government?
Illustrate what is the impact of these ratios on the level of new money that can be created given a $100,000 cash deposit into the banking system.
Elucidate the similarities and differences of the breakup of the AT&T/Bell System antitrust problems.
Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?
Explain in briefly about two paragraphs the supply and demand analysis and the impact of government regulations at McDonalds.
A firm has offices in London and New York. Fractional units of labor can be employed in each location (as part-timers can be hired) and the headquarters could be in either city.
Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than.
Discuss the advantages and/or disadvantages of distributing marketable pesticide permits to each farm operating in the watershed equal to 40% of its current level of use of that pesticide, versus simply ordering each farm to reduce pesticide use t..
Analyze the relationship among fiscal and monetary policy in an open economy.
Illustrate what is the effect of an import quota on the supply and price of domestic sugar. How many units of sugar will domestic produces supply after the quota is imposed.
Illustrate what is the likelihood of a second industrial revolution in underdeveloped countries today.
Calculate the labor rate also efficiency variances for the month. Was paying workers the actual wage rather than the standard wage an efficient strategy for Loring.
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