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Jason enjoys DVDs and spy novels and spends $60 a month on them. The price of a DVD is $20 and the price of a spy novel is $10.a. What is Jason's real income in terms of spy novel?b. What is the relative price of a DVD?
What is the core issue in this interest group politics Which groups are pro limits Which groups would you imagine are lobbying against Are these peak associations or public interest groups What does Goldsmith mean by industry capture
What kind of shocks could have caused this change to the money demand function? Determine the new interest rate and equilibrium level of output.
Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950’s. Applying the economics of price and output, what is the difference between the industry of today and that of the 1950’s.
Suppose the FOMC meets and decides it wants to raise short-term interest rates in the economy. The FOMC directs the Federal Reserve System (Fed) to implement contractionary monetary policy that reduces the banking system's reserves.
The first payment must be made in 30 days. What is the nominal annual interest rate the bank is receiving?
Suppose following estimates from the 1990s of shares of income of each group. Draw a rough Lorenz curve for each country. Which has most nearly equal distribution,
Why do some stores offer senior citizen discounts on Tuesdays? Senior citizens have perfectly inelastic demand curves, whereas other shoppers do not.
Suppose that there are two types of players, good and medium. the team demand curve for top-quality players is Q = 27 - 5 w , and the market supply of top players is Q = 4w, where w is the wage in millions of dollars. how many top-quality players wil..
Illustrate what is the size of the labor force. What is the official unemployment rate.
Use an appropriate diagram, demonstrate and describe briefly how a increase in minimum wage could result in higher employment in a monopolistic labor market.
The kinked-demand schedule that an oligopolist believes confronts the firm is given in the table below. Compute the oligopolist's total revenue at each of the nine prices
barry earns 20 an hour for up to 40 hours of work per week. he is paid 30 an hour for every hour of work in excess of
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