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What is the meant by the 'natural rate of unemployment' and what is its role in understanding the Phillips Curve?
The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure?
A taxpayer faces the following tax rates on her income: 20 percent of the first $40,000 of her income; 30 percent of all her income above $40,000. All of the following are true about in-game strategy EXCEPT
The worlds price of zinc had increase to the point where mothballed zinc mines in east Tennessee have been reopened because of their potential profitability. What is estimated annual profit for a mine producing 20,000 tons per year (which is 100% cap..
The city of Lloydminster sits on top of the Saskatchewan-Alberta border. Half of the city is in Saskatchewan and the other half in Alberta. Assume that Saskatchewan enacts a rent control law that puts a ceiling on rents well below their equilibrium m..
The outcome in that market will not be very different than if it were a perfectly competitive industry." Explain if he is correct and how you would respond to his reasoning.
Assume a good where its equilibrium price is 40 and its equilibrium quantity is 3.0 units. Compute the supply surplus when price is 60. Take into consideration that the elasticity of supply is 1 and the elasticity of demand (-1)
Susan and Stan Collins live in Iowa, are married and have two children ages 6 and 10. In 2014, Susan adjusted gross income is $38,000 and Stan is $12,000 and both are self-employed. They also have $500 in interest income from tax-exempt bonds. The Co..
Suppose that the government is deciding how wide to make a public road that services one resident named Bob. Bob’s willingness to pay for each meter of road is described by 20 – 2Q. Find the new optimal road width. Graph Bob’s willingness to pay (dem..
Q1: suppose that changing climate conditions lead to greater wear and tear on the nations capital stock, meaning an increase in the depreciation rate of capital. Which of the following is steady-state for this economy?
The multiplier effect refers to the series of
Describe a situation that would call for applying one or more of any (dynamic economic model/legit model/random walk model/spurious regression/co integrated time series/tests of stationary). Explain your rationale for applying the model you chose.
Assume the interest rate is 5.75 %. how much do you have to deposit each year make sure that 8,000 can be withdrawn for the 4 years?
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