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The philosopher Karl Jaspers has claimed that modern technology brings an "immense joylessness." Do you agree? Is factory work unpleasant, to your mind? Office work in a very large organization such as an insurance company? Do you think the nature of industrial work can be basically changed?
Use EXCEL to plot these two series on the same graph. What can you say by examining the graph? On average, do the two variables evolve in opposite directions?
Consider the following model of a closed economy in which household income taxes are proportional to income: Yd = C + I + G C = 200 + 0.80(Y-T) Y=Yd I=600 T= 0.20 Y G = 1000 a. What is "autonomous expenditure" for this economy
Suppose now that the cost of capital in the previous question rises to $3 per unit. Graph the new long-run average cost curve, and compare its position with the curve in that question.
Clearly, however, there are differences across countries. How can we reconcile this fact with our theory?
Explain the process through which money is constructed. Describe how current events less than ninety days have affected this process and the effect current events will have on the economy as a whole.
Suppose a perfectly competitive firm can produce 20,000 bushels of corn a year at an output at which marginal cost equals marginal revenue. The market price of corn per bushel is $2.00. The firm's total costs per year are $50,000
The postwar U.S. economy data shows that the long-run annual growth rate of output is 3.2%, the long-run annual growth rate of money stock is 5.3%, and the nominal interest is 5.8 (a) Find the inflation rate using quantity theory of money.
According to the Wall Street Journal, merger and acquisition activity in the first quarter of 2004 rose to $5.3 billion - an investment level not seen since the second quarter of 2001. Approximately three-fourths of the 78 first-quarter deals occu..
A consumer of two goods faces positive prices for both goods and has positive income. Her preferences over consumption of good 1 and good 2 are represented by the following utility function: u(x1; x2) = e^(x1+ln(x2))^.5
How does that rate compare with the rate at which real GDP fell during the 1990-1991 recession?
Home, Sweet Home. Suppose Ms. Profligate and Mr. Discipline both purchase identical $185,000 homes in Marietta, GA on January 1, 2012. They both have good credit and qualify for a loan with no down payment and 4.8% financing.
A sample of 48 warehouses that are for sale across the U.S. is taken, and the mean price per square foot is $31.67, with a sample standard deviation of $1.29. Test the investor's concern at a 5% level of significance.
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