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Research suggest that the relatively higher rate of growth of output per capita in rich countries between 1985 and 2009 was the result of which of the following?
a. An increase in the rate of population growth.
b. An increase in the rate of technological progress.
c. A decrease in the saving rate.
d. An increase in capital per effective labour.
e. An increase in the saving rate.
Explain how do real GDP and the cost level change if the forecast of inflation turns out to be incorrect.
If social Security were considered part of the general budget then?
A cubic total cost function is expressed as TC=a+bq+cq^2+dq^3 if a=0 b=400 c=-50 and d=5 then. What are MC (Marginal Cost) and ATC (Average Total Cost) respectively equal to? At what output levels are MC and ATC respectively minimized?
Do economists still believe in the menu view of the Phillips Curve? What view has replaced the original view? Given the new view of the Phillips Curve, why do economists believe that a "credible" inflation reducing policy is less costly than an "incr..
Write a letter of proposal to a local retailer to carry a specific product or provide a specific service. Gather data from friends, family, coworkers and other target market consumers to justify the need for the product in this specific retail locati..
What are the equilibrium price and quantity. If demand increases to D', what are the new equilibrium price and quantity. What happens if the government does not allow the price to change when demand increase.
Karen Dynan, a former Federal Reserve economist, was quoted as stating: The size of the Fed’s balance sheet, which has more than doubled since the financial crisis of 2008, and the large amount of reserves sitting at the Fed has made officials at the..
How many male workers would the firm hire if the employer did not discriminate? How many female workers would be hired?
Suppose you own a specialized auto parts manufacturer. You purchase and have installed a new machine to make a particular type of part. The price of the machine plus installation is $300,000. If you have already purchased the machine, should you go a..
q1. clarify how immigration between two countries could be an equalizer of wages as well as economical for both sending
What are Green House Gases (GHGs)? What are the most common GHGs in energy production and consumption? Using the definition of Climate Sensitivity, discuss how GHGs impact Climate Sensitivity.
Olivia knows that Popeye likes spinach as much as $3 in terms of money, he likes tobacco $1 in terms of money, and he dislikes potatoes as much as if he had to pay.
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