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Suppose In-N-Out burgers sells only burgers, and that P and Y are the price and quantity of burgers sold. In-N-Out revenues R are given by R=P.Y. Finally, suppose P grows at 1% and Y grows at 2%. Given this information you can say that revenues grow at
Describe the long-term trends in inequality in the United States using the available measures. What are possible explanations for these long-term trends.
How the federal government did expanded its domestic activities and influence during the Progressive Era, World War I, and the New Deal, considering the factors that prompted the expansion, the consequences of the expansion, and the permanence of the..
Why would a tax credit for mortgage intrest be worth more to lower income families than a deduction? Would you favor changing the benefit from a tac deduction to a tax credit? What other changes might you want to make at the same time? WHY?
Elucidate what is the best form of business organization to select based on various considerations, including taxes, liability, capital contributions, sharing of profits adn losses, management and control, and survivorship
The inverse demand for this product is P = 100?Q, where P is price and Q is aggregate output. The production costs for firms 1, 2, and 3 are identical and given by C(qi)= 20qi (i= 1,2,3), where qi is the output of firm i.
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output?
The production function of a firm is given in the table below.
q.in the standard keynesian framework in open economy macroeconomics the supply is assumed to be perfectly elastic and
If total product is decreasing, marginal product is
Which one is more effective comparing with the tools of fiscal policy?
Which of the following Fed actions will increase bank lending?
In April 1978, Fidel Castro announced that Cubans who wanted to leave Cuba for the United States could do so from the port of Mariel, Cuba. Within 6 month, about 125,000 (mainly) lowskill Cubans had flowed through Mariel for Miami, resulting in a sud..
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