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1. Phil owns an old set of golf clubs that he purchased for $1,000 seven years ago. He decides to post them on Craigslist and quickly sells the clubs for $250. How does this sale affect GDP?
2. Real GDP for 2010 is less than nominal GDP for that year. But real GDP for 2000 is more than nominal GDP for that year. Why?
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time Can I please have ..
Plates are made of stainless steel (316) (k = 16.5 W/m · K). For a two-pass/ two-pass arrangement, analyze the problem to see if the proposed design is feasible. Could this heat exchanger be smaller or larger?
In 2001, the Fed pursued a very expansionary monetary policy. At the same time, President George W. Bush pushed through legislation that lowered income taxes.
Dr. Leona Williams, a well-known plastic surgeon, has a reputation for being one of the best surgeons for reconstructive nose surgery. Dr. Williams enjoys a rather substantial degree of market power in this market.
Suppose that the velocity of money is not constant but is growing at 1% per year. Real GDP is growing by 5% per year. If the central bank wants to reduce the rate of inflation to 3%, what must be the new rate of money growth? If the real rate if r..
On October 31, 2010 the USDMXN was 10.00. On the same date in 2011, the MXNUSD exchange rate was $0.07692. (use abbreviations only - USD or MXN) By what percent and in which direction did each currency change over this time period.
the graying of america will substantially increase the fraction of the population that is retired in the decades to
Caroline Krause earned a salary of $1,000,000. (a). How much Social Secruity tax did she pay (b). How much Medicare Tax did she pay (c). What is her marginal tax rateon her federal personal income tax
According to the life-cycle hypothesis, what would be the effect of the social security system on your average propensity to consume out of (disposable) income? Is the credibility of the social security system an issue here?
A monopolist faces demand given by: P = 100 - 0.4Qd, and has marginal costs given by MC = 10 + 0.2Q a. draw the demand, marginal revenue and marginal cost curves. Calculate and show how much this firm will sell and what they will charge.
List the auditing procedures that you would employ to test the annual sales of the JaiLai Chinese Ind. Restaurant. (Disregard vending machine sales and counter sales of chewing gum and candy, and concentrate on the overall checks that would be app..
tim has purchased a ticket to see a concert in miami. the ticket cost dave 600. to attend the concert tim will have to
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