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Write a program which:
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Assume the following data for the economy in the United States: Inflation is at 4.5% and has been rising for the last 3 years from a low of 1.2% Unemployment is at 4.8% and has been falling for the last 6 years from a high of 7.8% Which tool(s) would..
Probability calculation Involving Random Events These calculations involve the use of the empirical rule since all elements available for selection have the same chance of being chosen. Quantify the events, the Event to be calculated and he sample sp..
Steven and Joe are roommates in a cramped apartment, and they’re increasingly getting on each others’ nerves. Steven is vegan, a smoker, and extremely hygenic. What are the parties’ threat values if Steven enjoys the legal right to smoke indoors? Sam..
When the economy went into recession, the Federal Reserve took several actions in an effort to jumpstart the economy (lowering interest rates, purchasing U.S. Treasury bonds, etc.). Do you think those efforts were successful? Should similar or furthe..
The electricians' union is a good example of:
Your rich relative died and left you $100,000, which you decided to use for your own Internet business. What will be your fixed and variable costs? Briefly discuss.
Suppose consumer confidence falls as a result of a bursting housing market. How is this factor change likely to affect the IS and/or the LM curve? In response to this factor change, describe optimal fiscal policy.
Do you think that the long run equilibrium price of oil as world demand expands will behave in a fashion similar to the long run equilibrium price of motorcycles as world demand for them expands?
Suppose the Federal Reserve decided to purchase $10 billion worth of government securities in the open market. How will the lending capacity of the banking system be affected if the reserve requirement is 20 percent? How will banks induce investors t..
Your specialty is delicious cheeseburger that you sell for $6.50 a piece. The cost of ingredients for each cheeseburger, such as meat, buns, tomato etc., is $1.50. You hire workers at $12 an hour. The production function for cheeseburgers is Q=40\sqr..
The marketplace is highly competitive, with boxes currently selling for $100 every thousand. Conigan's total and marginal cost curves.
Consider the following simple model with investment and government spending exogenous:
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