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According to Okun's law as it applies to Australia, when cyclical unemployment increases from 2 to 3 %, the contractionary gap increases from ___ %, measured in relation to potential output:pls provides workings as well.
Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households deposit $15,000 in currency into the bank and that currency is added to reserves.
1. If a firm produces no output (Q=0) for a period, what would its total cost of production be?
Why do we consider a business-cycle expansion different from long-run economic growth? why do we care about the size of the long-run growth rate of real GDP versus the size of the growth rate of the population?
Price can be substituted for marginal revenue in the MR = MC rule when an industry is purely competitive because price minus cost equals marginal revenue. and marginal cost are the same in pure competition. is the same as average revenue.
suppose in the solow growth model that s.25 n.02 d.08 and fk k3asuppose that z2. what is the steady state level of
Even though saving and investment in additional capital is a source of labor productivity growth, without the expansion of human capital and technological change, it would not bring sustained economic growth.
On average, how much do you expect your revenue to be? Your accounting profit? Your economic profit? Will you quit your job and try your hand at being an entrepreneur?
Then support perspectives regarding competition from the opposite perspective from your real opinion again with an actual example. (Discuss it from both perspectives why competition can be good and then why it can be bad. So first you give your re..
Automotive Rebuilders, Inc., is considering a new automated assembly line to automate assembly of rebuilt alternators. The new line can be installed for $525,000 today and will have a life of 9 years until technological obsolescence.
Suppose that as an owner of a federally insured S&L in the 1980s the price of real estate falls, and most of your loans go into default. In fact, so many loans go into default that the net worth of the S&L is a negative($5 million). Federal regula..
The 1935 federal law that supports collective bargaining and sets out the rights of employees to form unions?
If 96% of Chinese couples have one child which is female 50% of the time and the remaining 4% of Chinese couples engage in sex-selective abortion until they have a male child.
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