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The following table gives average hourly nominal wages in nonagricultural industries and the price level in the United States from 1995 to 2002.
(a) In what year did the nominal wage rise the most?
(b) In what year did the real wage rise the most?
(c) Did you get the same years for both (c) and (b)? If you didn't, what accounts for the difference?
A cannery is considering installing an automatic case-sealing machine to replace current hand methods. If they purchase the machine for 3800 in June, at the beginning of the canning season, they will save 400 per month for the 4 months each year.
Has your company moved to this training strategy? And if so, what are your thoughts on its success? If not, what are your thoughts on its advantages and disadvantages?
Prove an equivalent of Theorem 5.8 in this environment with the extended set of bonds.
Suppose the demand for Cardinal's World Series tickets is Qd = 48, 061 ? 2.4P (for the purposes of this problem, we will suppose that fans do not care where they sit). The Cardinals play at Busch Stadium, which has a seating capacity of 46,861. Th..
To what extent do these models complement or contradict each other? Discuss.
Consider the following version of the "chain store paradox". This entry game has the following timing: In the first stage an entrant decides whether or not to enter. In the second stage, if there is entry, the incumbent decides whether or not to p..
Consider a population consisting of two types, "cooperators" and "defectors." Each individual interacts with a randomly chosen member of the population. When two cooperators interact, each earns a payoff of 6.
Use the ADI curve to describe how the economy would respond to a productivity shock that increases full-employment output. If there is no impact on the ADI curve, what will happen to output in the short run?
the balnce sheet of a bank. the reserve requirment is 3% on the first 30 million of transactions deposits and 10% on transactions deposits in excess of 30 million. the bak holds no required clearinf balances. Bank balance sheet(amount in millions)
The service times are uniformly distributed, with a minimum of 10 seconds and a maximum of 55 seconds. Develop the CPGs needed for the simulation.
Haskel, J.E., Pereira, S.C. & Slaughter, M.J. (2007) ‘Does inward foreign direct investment boost the productivity of domestic firms Analyse and evaluate the argument presented in the article
How much training is enough?
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