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What factors determine a country's productivity levels? What could a president or other government policymaker do to increase a nation's standard of living?
Consider the following data on US GDP-What was the grwoth rate of the GDP deflator between 1999 and 2000?
Write a brief explanation of each of the following terms. import tariff, effective rate of protection
Elizabeth Corday, a quality control supervisor for Surgery Products, Inc., Compute the unit cost growth rate using the constant rate of change model with continuous compounding.
What are two possible fiscal policy solutions for the problem? Using a Keynesian approach, you should be able to get numerical solutions. More points are given for numerical solutions.
Suppose that there is an "inflation scare," that is, suppose market participants increase their expectations of future inflation.
Explain how an individual's Demand curve for medical care will change (i.e., shift) if the following things happen (consider each change individually, holding all other possible influences constant.
Some politicians in countries that are the recipients of large numbers of immigrants advocate adopting laws requiring immigrants to learn the local language within a specified period of time.
Explain how do the fiscal policy changes play a role in the theory of political business cycles
In 1991, Brazil and Columbia united to form a coffee cartel and reduce coffee output. Suppose total costs for the cartel are: TC = 12 + 5Q + Q 2
Mention the four assumptions for the Monopolistic competition model.
Suppose that natural real GDP is constant. For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent. Draw the new short-run Phillips Curve.
Calculate the expected level of demand in a typical market. Indicate the range within which actual demand is expected to fall with 95% confidence.
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