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Suppose Congress cuts spending for the military, and then unemployment rises in the U.S. defense industry. Is there causation in this situation, or are we observing an association between events?
If the money supply increases, show the three different (simple, single variable) responses to the increase. b. What best describes the response to monetary policy in 2013? c. What best describes the response to monetary policy in 1973?
Assume that a society consists of two types of workers. For type A, 3 million workers lose their jobs each year, and each one takes a year to find a new one. For type B, 36 million workers lose their jobs each year (3 million per month)
What problems arise in estimating whether an equal income distribution is fair or not? Diuscss the difference between income and wealth?
Assume all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on the size of the federal deficit.
An individual who owns a share of a corporation and is entitled to part of its profits is the director officer president stockholder.
Illustrate what relative amounts of capital and labor will be employed to maximize output.
Explain how can a domestic market be protected. If a country had protected domestic market, what would be the likely effect on its balance of trade.
Analyse and evaluate the argument presented in the article and the methodology used by the authors to examine the effects of inward FDI on local productivity. How far do their conclusions confirm or change any prior views you might have had based ..
If the CPI was 120 last year and is 132 this year, what is this year's rate of inflation? Instructions: Round your answer to two decimal places. In contrast, suppose that the CPI was 120 last year and is 118 this year. What is this year's rate of inf..
You are given the following information about the personal computer (PC) industry: Find the NRP and the ERP. Show all calculations and formulas.
Major multinational companies such as Acme attempt to track the relative movements and magnitudes of global capital investment.
Marginal Revenue (MR) = $130 Total Cost (TC) = $1,100 + 135Q + 0.6Q2 Marginal Cost (MC) = 135 + 1.2Q As the plant manager, should you recommend to the owners that the plant be shut down for a while? Justify your answer using at leas..
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