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The Ben Bernanke has said that the Federal Reserve is going to continue its latest round of Quantitative Easing until unemployment falls to 6.5%. How fast will the economy have to grow to bring unemployment down to 6.5% by this time next year? Assume that potential output grows at 3.5% a year. How fast will it have to grow each year to reach 6.5% unemployment in 3 years (this time 2016)?
Assume the government imposes a fixed tax t per unit quantity on each firm. Explain the impact of this tax on following variables;
The advent of the one man bus involved more capital equipment: an automatically operated coin box and door control device - to name two of the capital goods that replaced the conductor."
A monopolist has a constant marginal and average cost of $10 and faces a demand curve of Q D = 1000 - 10P. Compute the monopolist's profit-maximizing quantity, price, and profit.
Is the economy of a big city more competitive than that in a small town or given neighborhood? How? Do you think your local grocer has monopoly power?
Describe what do you mean by the price elasticity of supply.
Assume that Kiribati can produce 1000 tons of breadfruit or 500 tons of fish, and that Tuvalu can produce 750 tons of breadfruit or 1875 tons of fish.
Determine the three major categories of revenues for the federal government and three major categories of expenditures for the federal government?
Disclose what the book suggests once the short-term rate is much cheaper than the long-term in interest rate. Substantiate whether or not that is a normal occurrence or a cause for alarm.
The price elasticity of demand for both tissue has been estimated.
Could you conclude this data shows the proportion of politically motivated expatriates has increased Use the 0.05 significance level.
Draw the demand curve for the bridge crossings. How many people would cross the bridge when there were no toll? What is the loss of consumer surplus associated with charge of toll of $4.00
Explain why does the minimum salary seem to have the greatest impact on teenagers.
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