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Between Q1, 2014 and Q1, 2015 measured Output in the non - farm business sector increased by 3.2%. During this time period the unemployment rate fell from 6.6% to 5.5% and total hours worked in the nonfarm business sector increased by 2.8%. What was the % rate of change in labor productivity over the year?
The General Manager (GM) of a car dealership is working on a three year business plan. The GM expects inflation to rise over the next three years.
Explain and derive the relationship between Demand, Elasticity of Demand, Total Revenue (TR), and Marginal Revenue (MR).
q. 1. why a favorable shock to the production function tends to reduce the price level p. how could the monetary
What curve would be shifted (demand or supply) and in what direction (left or right) if there was a decrease in the tax rate or interest income from 20% to 15%?
q.1. there are two firms in an business producing identical products. market inverse demand curve is pq 1-q where q
1. Based on research, summarize the economic booms that India and China enjoyed within the past few decades. What economic policies do they have in common?
In an open economy with few capital restrictions and substantial import-export trade, a rise in interest rates and a decline in the producer price index of inflation will
How does a government budget surplus affect the U.S. economy? Identify two periods in recent history in which the United States has run budget surpluses.
Suppose that Player 1 first plays Top, Middle or Bottom. Player 2 only finds out whether player 1 has played Bottom. If so, he plays Left or Right; if not, he plays In or Out. Draw the game tree, identify the subgame(s), find the subgame perfect equi..
M=2A+3.5R where M stands for units of migraine pain improvement, A stands for units of acupuncture treatment and R stands for migraine prescription pills. Please draw the health production graph implied by this equation, for some given level of M. Pl..
Subjective definition of probability is:Select one:A. a weighted average of different peoples' degrees of certainty of an event's occurringB. a theoretical probability distributionC. a person's degree of certainty of an event's occurringD. an expecte..
Consider two consumers, John and Maria, each with an quantity of two goods: corn and sugar. Suppose now that John has 40 G and 0 S and that his MRS(GS) is 1G/1S. Maria has 20 G and 70 S and her MRS(GS) is 3G/1S. Are there gains to be had for both Joh..
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