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In 1974, one could buy a theater ticket for $1.25. Today, the same theater ticket costs $6.50. Which pair of CPI's would imply that the cost in today's dollars was the same for both tickets? a. 60 in 1964 and 390 today. b. 75 in 1964 and 390 today. c. 80 in 1964 and 404 today. d. 95 in 1964 and 475 today.
State the essential difference between the classical and Keynesian schools of thought. If you were a public policymaker and received conflicting advice from a classical and a Keynesian economist, how would you choose Explain.
A spike in unemployment rate - the largest in more than 2-decades - increased new concerns Friday that a weak labor outlook, high oil prices and continuing woes in housing and credit markets are leading the United States economy into a painful recess..
Each has a crucial role to play if the discipline system is to be effective. Discuss the elements of a company's discipline system or process and explain whether you feel it is effective or not in handling difficult or ineffective employees.
Why do countries repay their foreign debts? Why don't countries repay their foreign debts and what is the risk with exchange rates when they are fixed? What is the risk with exchange rates when they float?
The nation is divided into __12______ Federal Reserve districts, each having a Federal Reserve Bank.
Explain why the following statement is false: If a firm's output is increasing and marginal cost (change in total cost divided by change in quantity) is rising, then average total cost (TC/Q) must be rising also.
Suppose if the discount rate for the stock is 12 percent, at what price will the stock sell.
Calculate the providers equilibrium wage and how many nursing units it will hire. The provider is a monopsonist,
Use the information on U.S. real GDP below to calculate real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1987 to 2005.
If it is good for comunity for people to own their own homes, home ownership should be subsidised with special tax advantages or subsidies.
If a industry wants to raise total sales revenue. What happens to the demand for beer if the price of soda falls.
On the basis of historical data, Richard Tennant has concluded, "The consumption of cigarettes is [relatively] insensitive to changes in price. In contrast, the demand for individual brands is highly elastic in its response to p..
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