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Q1. Suppose a health expenditure function is specified in the following manner: E = 500 + 0.2Y, (where E represents annual health care expenditures per capita and Y stands for income per capita.)a) Using the slope of the health expenditure function, predict the change in per capita health care expenditures that would result from a $1,000 increase in per capita income.
Q2. Over the next 3 years inflation is expected to be: Year one 2.5%, year two 4.5%, year three 5.0%. What should investors require for an inflation premium on a Treasury bond with a three-year maturity?
Caught up in broad social and economic disaster that swept the Mediterranean basin during the twelfth century BCE, what seems to have happened to the civilization of people.
Find the profit-maximizing choice of q for this miniature farm; also compute profits that will be earned at this choice of q.
If the Federal Reserve adopts a restrictive monetary policy that leads to relatively high interest ratesin United States, what happens to the demand and supply of foreign currency and the dollar's exchange value.
What is now the effect on gold consumption and mining of an increased use of gold as money.
What is M1 in Iron mania. What is M2 in Iron mania.
Show that a specific tax of $3.70/unit generates the same revenue as a 20% ad valorem tax
A young physician makes $180,000 per year with an annual salary increase of 2%.
Give an example of a government created monopoly. Is creating this monopoly necessarily bad public policy?
Find the equilibrium price and quantity after the shift of the demand curve.
Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than that of Neanderthals
Where does the national unemployment rate stand relative to the Natural Rate of Unemployment
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
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