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Classify each of the following statements as positive or normative. Explain.
a. Society faces a short-run trade-off between inflation and unemployment
b. a reduction in the rate of money growth will reduce the rate of inflation.
c. The Federal Reserve should reduce the rate of money growth.
d. Society ought to require welfare recipients to look for jobs.
e. Lower tax rates encourage more work and more saving.
in march 2010 hertz pain relievers bought a message machine that provided a return of 8 percent. it was financed by
John Paisley is planning to buy a house for $100,000 by borrowing money at the rate of 9%.
How are the depopulation of Whales worldwide and Congested Highways similar in terms of economics? What are some possible solutions to both?
Explain how would Ford Moter Company use price Elasticity of demand to determine whether to increase or decrease the price.
Illustrate what wage would a monopoly union demand Explain how many workers would be employed under union contract.
If labor is paid $100 and your average tool price is $250 what is profixt maximizing level of output and labor? What is your maximum profit?
Suppose you were provided a gift of a gold mine that generates $1,000 of net income every year, indefinitely. And suppose equilibrium rate of interest is 5 percent. Illustrate what is present value of that gold mine.
q. 1 the contracting and organizations research institute at the university of missouri maintain lots of interesting
Suppose you are the manager of a home-building company and the government is considering eliminating the deduct-ability of mortgage payments interest.
When the colts won the super bowl the demand for peyton manning's jersey was: P = 210 - 0.002Q with a corresponding marginal revenue of: MR = 210 - 0.0004Q IF the marginal cost of producing a jersey is $10, how much are the trademark licensing rig..
You are the manager of a firm which produces also markets generic type of soft drink in a competitive market.
Assume that the officials in Ecoland have compiled the following information about their economy for last year:
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