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Inflation is the rate at which the average level of prices is rising. In the U.S. the inflation rate is most often measured by the annual percentage rate of increase in the Consumer Price Index. (The CPI includes prices of goods and services thought often bought by an average family).
How rapidly have consumer prices been rising in the United States? What are some recent changes which have affected the CPI?
A goal often stated by policy-makers is to keep inflation rates about about 2 percent (sometimes 2-3 percent; 2% is thought of as BETTER than zero inflation for the overall health of the economy). How has the U.S. actual inflation rate been compared to the 2% goal.
Analyze the significant implications of the issues in question for market efficiency of the health care system. provide a rationale for your respons
What is the difference between a normal-form game and an extensive-form game? Define in words what a dominant strategy is and What is a payoff-matrix?
What would have been the outcome (and total players' payoffs) under an English auction? Does the comparison of English and sealed-bid prices contradict revenue equivalence? Which auction provides the greater total "pie"?
Explain how McGregor's Theory Y assumptions can create self-fulfilling prophecies consistent with the current emphasis on participation and involvement in the workplace. How do ethical dilemmas complicate the workplace
Examine the various effects of an export subsidy for a small exporting nation and what is meant by currency devaluation by a country? Explain how a country's currency devaluation could improve its balance of trade.
1. Identify the feature of panel data that offers an advantage over cross sectional data and explain how the analyst can exploit that advantage
How long has Wal-Mart made positive economic profits? How long has Starbucks earned positive economic profits? Has entrepreneurs been able to innovate and otherwise compete with Wal-Mart and Starbucks?
Calculate arc elasticity at the interval between P = 5 and P = 6.
Suppose you can collect random samples of the driving-age population in both states, for 1985 and 1990. Let arrest be a binary variable equal to unity if a person was arrested for drunk driving during the year.
Discuss the tutorial Understanding and Applying Supply and Demand. What is the difference between a change in demand versus a change in quantity demanded? A change in supply versus a change in quantity supplied? Why is it so important to different..
A stem cell research project requires expensive specialized laboratory equipment. For this purpose, three pieces of equipment and their associated cash flows (listed below) are under consideration. One piece of equipment must be selected.
economists use elasticity to measure consumer responsiveness to changes in the various determinants associated with
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