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Suppose that a modern plague (AIDS, SARS, Ebola virus, avian flu) wipes out or incapacitates a major share of a small country's work force. If this country's labor market is monopsonistic, what effect will this disaster have on wages in this country? Compare your answer to that in Question 6.
Question 6
Suppose that a modern plague (AIDS, SARS, Ebola virus, avian flu) wipes out or incapacitates a major share of a small country's work force. If this country's labor market is competitive, what effect will this disaster have on wages in this country?
The distance from a student's house to campus is a uniformly distributed random variable that ranges between 15 and 75 minutes. What is the probability that the distance from house to school will be between 20 and 40 minutes
If beta of portfolio is .326, the present yield to maturity on United States government bonds maturing in one year and an assessment that market risk premium.
In 2009, workers in the United States paid a social security tax equal to 6.2 percent of all wages earned until a cap of $106,800 was reached. After that, the tax rate was 0 percent. What kind of tax is the social security tax
Suppose the marginal costs of producing the good in exercise 5 is a constant $10 per unit of output. What quantity of output will the firm sell?
Assume that before receiving the discount loan, FNB has no excess reserves. What is the maximum amount of this $10 million that FNB can lend out c. What is the maximum total increase in the money supply that can result from the Fed's discount loan
Alistair deposited $10,000 on July 1, 2005, in a first fund that gives interest of 31 2 percent compounded semiannually and matures on June 1, 2012. He knows that, on December 18, 2012, he can deposit money in a second fund
What are the values of the regression standard error and the R2? Find the standard error for the least-squares slope. Show your work.
Would the train's negligence be found cause-in-fact of the accident? Explain why or why not.
The rent market price for a 1-bedroom condominium in NYC is $3,000. However, the government does not allow these prices to be charged and establishes a price ceiling. This means that the government sets the maximum rent that can be charged.
The solid shaft ABC of length L and variable diameter d is attached to rigid supports at A and C. A torque T acts at the distance b from end A. Given L, b, and d(x), write an algorithm to compute the fraction of T that is carried by segments AB an..
Does money growth cause inflation, or does inflation cause money growth? Discuss. How does your answer depend on the behavior of the Fed?
What are the implications of these results for a policymaker who wants to assess the costs of a recession?
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