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The current population of the United States is 318.9 million with 3% of the population is engaged in R&D at an eciency rate of 1/500 per million persons per year.
(a) If R&D is the only source of total-factor productivity growth what is the growth rate of total factor productivity in the United States?
(b) If the growth rate in output per person is 3.0% per year what is the value of in the Cobb-Douglas production function?
Illustrate which currently operates out of an office in a small town near Boston, just discovered a vacancy in an office building in downtown Boston
Illustrate what wage would a monopoly union demand Explain how many workers would be employed under union contract.
Suppose a Sears coupon bond sells at a discount from face value. Is the coupon rate higher or lower than the current yield? Explain. B. Is the yield to maturity greater or lower than the current yield?
Show how an open market sale affects the Fed's balance sheet and also the balance sheet of the commercial bank of the purchaser of the bond sold by the Fed.
Our recent recession seems to demonstrate again that expenditures and incomes depend on each other. If markets do not self adjust, how can a decline in spending lead to a negative process that ruins an economy? (Consider referencing the "Keynesian Cr..
Compare these results to those predicted by the equilibrium business cycle model developed by Barro throughout the text.
As a result, price of Domino's pizzas fell from $8 a pie to $2 a pie following week. Quantity of pizzas demanded soared following week from 1 pie an hour to 100 pies an hour. What was price elasticity of demand for Domino's pizza.
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Research any two publicly traded companies, looking for one that has an attractive price earnings ratio and one that has an unfavorable price earnings ratio. Explain how you knew the price earnings ratio was attractive and unfavorable.
Discuss the conditions that will help the union achieve the objective. Why might a union be unable to meet its goal?
In "The Consequences of Mr. Keynes," James Buchanan and Richard Wagner argue that the "unwritten fiscal constitution" of an annual government balanced budget helped restrain the growth in government, but the Keynesian argument for a balanced budge..
Explain and illustrate with diagrams the differences between diminishing marginal returns and decreasing economies of scale and cite causes and examples.
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