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When I was in school, one of my professors was fond of saying that a strong dollar is good for the US. Well, the dollar is currently rising, but no one is cheering. Why not? Diagram a market for the US dollar and show it (1) rising and (2) falling against the currencies of its major trading partners. Explain the relationship between the (1) strength and (2) weakness of the dollar to US production, employment, and inflation.
Forecast the data for 2000 again in problem 1 with exponential smoothing with w=0.3 and w=0.7. Compare RMSEs for moving average and exponential smoothing forecasts to answer if this is a better forecast than the moving average?
many americans feel that their jobs at home should be protected and that free trade should be limited. however global
many executives will save an organizations money by not having auto insurance on the fleet of company vehicles whereas
Compare the common perception of how a tax rate cut affects tax revenues with economist Laffer's theory.
What shape did the short-run aggregate supply curve have during the 1930s, according to Keynes? Explain
Employees at Foxconn factories described in the e-Activity worked more hours than allowed under Chinese labor laws. Yet the violation of these standards is widespread in manufacturing and the demanding treatment of workers is commonly accepted. Co..
consider the two-period problem of the representative consumer and assume the consumer hascurrent-period income y 150
Victory Visa, Magnificent Master Card, and Amazing Express are credit card companies that charge different interest on overdue accounts. Victory Visa charges 26% compounded daily, Magnificent Master Card charges 28% compounded weekly, and Amazing ..
The night before an economic exam, you decide to go to the movies instead of staying home and working your MyEconLab study plan. You get 50 percent on your exam compared with the 70 percent that you normally score.
What is an efficiency wage, and how do efficiency wages affect the labor market?
Consider a market where supply and demand are given by QXS = -12 + PX and QXd = 90 - 2PX.
Label the substitution and income effects.
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