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The accepted wisdom is that the oil price hikes of the 1970s resulted in global stagflation. It would seem to follow that the drop in oil prices would have the opposite effect on the US economy. Did it or didn’t it? If not, why not? Make sure to look at data showing both inflation rates, unemployment, and oil prices.
In a repeated prisoner’s dilemma, a player that is playing tit-for-tat will:
Find the number of units of input L that maximizes the average product function. Determine the boundaries for the three stages of production.
The effect of global competition on the decisions made by management with regards to change in labor demand, supply, relations with unions, and rules and regulations in your chosen industry. The chosen industry is General Motors. Please provide sourc..
The effect on the budget deficit is as follows:
When the unemployment rate is_____ than the natural unemployment rate, real GDP _______. At a business cycle trough, cyclical unemployment is ____ and at a business cycle peak, cyclical unemployment is _____.
Consider the following situation. An individual may decide to pay taxes of $1200 or evade them. Assume that if the individual evades taxes and is audited, he pays a fine of $350, in addition to back taxes. Set up the strategic form (payoff table), w..
Under what conditions would firms be likely to support an industry-wide advertising ban. Please provide a few examples.
A small start-up company invested in a new plant with an initial cost of $10 million. Operating costs for the plant were $3 million per year for 7 years. There was a special one-time charge of $1 million in year 2 to correct unexpected equipment prob..
Given a binomial random variable with n = 60 and p = 0.36 find the probability of obtaining between 25 and 35 successes inclusive, to three decimal places.
Discover the payout ratio rounded to the nearest whole percent, and explicate what a payout ratio means.
The country Panjim has been growing at the rate of 8 percent annually following a series of economic growth reforms. Adelphia, a neighboring country, is also growing rapidly, How has the change in capital-labor ration affected efficiency? What propo..
Consider the following two probability distributions: Sales (thousands of units) Distribution 1 probability (%) Distribution 2 probability (%) 50 10 10 60 20 15 70 40 20 80 20 30 90 10 25 a. Graph the two distributions shown in the table. What are th..
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