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One implication of the Lucas Critique is that
A. automatic stabilizers don't work when expectations are rational
B. rational expectations work against discretionary policy
C. policy is more effective if expectations are based only on the past
D. rational expectations lower the sacrifice ratio
A laboratory centrifuge costs $80,660 and has a $5530 salvage value with an 8-year recovery period. The estimated annual operating cost is $7000 per year. Use the double declining balance method with switch over to straight line to determinate the bo..
If a price is above equilibrium,
A manufacturing is considering upgrading a piece of equipment. If a certain upgrade helps reduce operating costs by $750 per hour of use, and the upgraded equipment will be used on average 8 hours per day, what is the expected annual savings of upgra..
Shift the curve in the subsequent graph to show the effects of such a training program.
what happened to real output? by how much would the price index have had to rise for real income to remain constant?
The text defines an economic system as, Dynamic efficiency measures, Which of the following legal forms of business organization provides for limited liability? Privatization in transition economies is often justified on the grounds of increasing
q.as an analyst at the treasury department you have been asked to predict the behavior of key macroeconomic variables
Output per worker yt = 4kt 1/3, the saving rate is 30 percent, and the depreciation rate is 13.3 percent. Calculate the steady-state values of capital per worker and consumption per worker.
A stock transaction that is made immediately at the market price is made in the. Which of the following statements is TRUE according to your information on using credit cards? Investors who sign a contract guaranteeing them the option of selling shar..
Check your client's Web site to find out if it discusses its business plans for now and in the future. This is often found in a public company's annual report. Private companies sometimes list their business activities under the "About Us" or "Newsro..
Which of the following equals the market value of all final goods and services produced in an economy, stated in the prices of a specific base year
What is the cost-effective pollution level for each plant if total pollution must equal 100? Suppose the city government knows marginal reduction costs at the two plants. In this case, could the city obtain cost-effective pollution reduction using a ..
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