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In a series of studies of economic growth conducted at the National Bureau of Economic Research, economists showed that the historic rate of economic growth in GDP could not be accounted for entirely by growth in labor and capital inputs. Consensus emerged later that _____ helped explain this gap.
a. technological change
b. measurement error
c. inaccurate price deflation
d. labor improvement
What are the relationships between these basic units? How does a circular flow diagram illustrate these relationships?
question consider a macroeconomy was initially at equilibrium level of real gdp.nbsp using an aggregate demand and
Categorize each of the following funding schemes as examples of the benefits principleor the ability-to-pay principle. a. Visitors to many national parks pay anentrance fee. b. Local property taxes support elementary andsecondary schools.
Most Social Security recipients do not currently pay federal or state income takes on their benefits. Assume the government proposes to tax these profits at same rate as other types of income.
what will free public transit mean to the use of the public transportation service? What will free public transit mean to the use of the automobile?
Expectation the industry has for you is that you will research also write down relevant economic white papers for the pre-orientation of future deployed employees.
Suppose that government spending is raised at the same time that the money supply is lowered. What will happen to the position of the aggregate demand curve?
What were some of causes of stagflation of 1973 and 1979? In what ways were these episodes of stagflation different from great depression of the 1930s?
A potential entrepreneur is trying to make a decision whether to open a new spa. She presently makes $35,000 per year as an aerobics instructor
1-nbspnbspnbspnbspnbsp explain how a policy mix like the one used in 1990s could help reduced to eliminate the budget
The WSJ recently presented data suggesting that United Airlines was not covering its costs on flights from San Francisco to Washington D.C. The article quoted analysts saying that United should discontinue this service.
1.suppose the equilibrium price in a competitive price taker market is 10 and a firm in the industry charges 9 which of
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