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1. How has the CPI behaved since the year 2000? What have been the causes of these changes? In your response, include a graph of the CPI for this period and cite your source.
2. How has the Survey behaved since the year 2000? What have been the causes of these changes? In your response, include a graph of the CE for this period and cite your source.
3. How has the PPI behaved since the year 2000? What have been the causes of these changes? In your response, include a graph of the PPI for this period and cite your source.
4. What do the measures above tell us about consumer behavior? Have incomes changed enough to offset the inflation since 2000? What can we predict about future inflation?
5. What are the implications of these measures for government economic policies?
Suppose the price of celeriac decreases from $80 to $60, and the quantity demanded increases from 100 to 150 bushels. What is the price elasticity of demand using the standard percentage formulas? What is the arc price elasticity of demand?
The grand strategy in which the firm directs its resources to the profitable growth of a single product, in a single market and with a single technology is termed
The southern United States is in the midst of a severe drought. Texas has suffered estimated crop and livestock losses opf $7.62 billion since 2010 (ehwn the drought began).
many environmentalists or general members of the public are horrified by the notion of marketable pollution permits.
what impact will an unanticipated increase in the money supply have on the real interest rate real output and
1. aggregate expenditure what are the components of aggregate expenditure? in the model developed in this chapter which
consider what age group you hope to work with and reflect on which aspects of piagets theory will be the most useful to
Unbridled self-interest fails to coordinate resource flows most effectively in which of the following cases? A. The production of a national defense systemB. The production of jazz songs
Analysis the number of buyers and their relative sized.
If the government imposes a $1 per-unit tax, how do the marginal, average total, and average variable costs change? What if instead the government imposes a $100 per-firm tax?
Assume the government sets an effective price floor in market for oranges and agrees to buy all oranges that go unsold at that price. The oranges bought by the government are discarded.
Assume there is an imperfect capital market. Draw a graph to show the optimal years of schooling for an individual with high access to funds but of low ability and an individual with low access to funds but with ..
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