Q1 in july 2012 us gasoline had a nominal price of 349 and

Assignment Help Business Economics

Reference no: EM13354259

Q1. In July, 2012 U.S. gasoline had a nominal price of $3.49 and in July of 1992 it was $1.14.

Determine the real price of gasoline for both periods in terms of values in the base period of the CPI.

Q2. Suppose at the going wage rate of $20 per hour, firms can hire as many hours of janitorial services as it desires. If any firm tries to lower the wage rate to $19, it will not be able to hire any janitor. What does this indicate about the supply curve for janitorial services?

Q3. Suppose the equation for the LM curve is Y= 13,500r. Use this equation to explain the level of income at which there is a zero lower bound on the federal funds rate, the interest rate that the Fed controls.

Reference no: EM13354259

Questions Cloud

Q1 an oil company refines crude oil valued at 62barrel and : q1. an oil company refines crude oil valued at 62barrel and sells it to motorists at its retail outlets. the price is

Qa friend of yours is considering two providers of cell : q.a friend of yours is considering two providers of cell phone services. provider a charges 120 per month for the

Qsuppose there are 2 economies in each economy there are 2 : q.suppose there are 2 economies. in each economy there are 2 outputs bacon and eggs which are produced with perfectly

Qimagine that e-markets is a company that implements a : q.imagine that e-markets is a company that implements a competitive market in mp3 players. based on information which

Q1 in july 2012 us gasoline had a nominal price of 349 and : q1. in july 2012 u.s. gasoline had a nominal price of 3.49 and in july of 1992 it was 1.14.determine the real price of

Q1 where does the national unemployment rate stand relative : q1. where does the national unemployment rate stand relative to the natural rate of unemployment? you can visit the

Qa coal-fired power plant can produce electricity at a : q.a coal-fired power plant can produce electricity at a variable cost of 4 cents per kilowatt hour when running at its

Qwhen money decreases in value because of inflation people : q.when money decreases in value because of inflation people tend to place less trust in it as a method of storing value

Qa firm that sells e-books books in digital form : q.a firm that sells e-books books in digital form downloadable from the internet sells all e-books relating to

User Account

All Pages