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An economy is in long-run macroeconomic equilibrium with an unemployment rate of 5% when the government passes a law requiring the central bank to use monetary policy to lower the unemployment rate to 3% and keep it there. How could the central bank achieve this goal in the short run? What would happen in the long run.
If Congress has determined that the budget will not be completed by September 30, it should prepare appropriations bills to be reviewed by the President?
Assume labor's share of GDP is 70% and capital's is 30%, real GDP is growing at a rate of 4 percent a year, the labor force is growing at 2 percent, and the capital stock is growing at 3%.
Economists are often criticized for making assumptions. Explain why are assumptions necessary? To think about this, you might consider an assumption that is often made,
Sherry was just rotated out as Microsoft's X-Box sales manager for the Canadian market. In Canada, the X-Box competes with Nintendo's GameCube.
Owners of common stock: are not actually part-owners of the corporation are allotted one vote per share owned at annual stockholder meetings are guaranteed a certain dividend payment each year.
California Electric has a cost of equity capital of 16%. The company has consistently been authorized a return on equity capital below this expenses.
Article: Why you should worry about big oil. The oil industry is in the business of extracting and selling oil. It is the goal of the oil companies to do this as efficiently as possible.
A local video store estimates their average customer's demand per year is Q = 7 - 2P, and knows the marginal cost of each rental is $0.5.
Ginger's utility function is \(U(x,y) = x^{2}y\) .Prices are Px=8 and Py=2 and Income is I=240. a)Determine Ginger's optimal basket given these prices and her income. b)If Py increases to 8 and Ginger's income is unchanged, what must the Px fall to..
Restaurant Marketing Services, offers affinity card marketing and monitoring systems to fine dining establishments nationwide. Fixed expenses are $600,000 a year.
Illustrate what factors shift your demand for goods . Give an example of how a demand determinant shifted your demand for a good.
Compute the micro decision of Roe versus Wade actually have played a role in reducing the rate of violent crime in the 1990s? Does anyone has an opinion on this issue.
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