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What has been the average annual growth in real GDP per person in the United States over the last 100 years? Over the past 50 years, during which periods has annual growth been more rapid than the average? When has it been slower?
What is an aggregate production function? A change in what factor or factors cause a movement along the aggregate production function? A change in what factor or factors shifts the aggregate production function?
The issues that you have been asked to report are if the labour market is working properly why does Australia experience simultaneous periods of unemployment and job vacancies?
Let customer's tastes change so that consumers now demand 100 more units at each price. When the cost of the good is $50, elucidate how many units of the good are demanded?
The Federal Reserve Board under the direction of Janet Yellen is keeping interest rates at amazingly low levels. What are the benefits and consequences of taking on such action? Include in your answer issues as interest rate stimulus, inflation, mone..
Spending by the consumer sector is the driving force in the US economic system. Although the business and government sectors make a considerable contribution to the success of the economy, it is the spending by the consumer or household sector of the..
Detail the fundamental reasons for financial regulation as discussed in class and in the text. As part of this discussion, provide an analysis of the potential conflicts between a policy of promoting competition and a policy of reducing the chance of..
Is purchasing power parity (PPP) always an accurate estimator of exchange rate movements? Why or why not? Suppose, the price of a luggage set in New York, USA is currently $200. The same luggage set is priced at A$250 in Brisbane, Australia. Given th..
A person is using the normal distribution to determine the safety stock for a product. What "z" value would be associated with a 90 percent service level? Suppose that lead-time demand is normally distributed with a mean of 100 units and a standard d..
Two companies compete for a share of the soft drink market. Each worked with an advertising agency in order to develop alternative advertising strategies for the coming year (e.g., a variety of television advertisements, product promotions, in-sto..
If there are no fixed costs of production, in the long run, the perfectly-competitive firm will produce
Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp and prolonged inflationary trend. Explain in each case how the change you advocate would affect commercial bank reserves, the m..
From your personal experience, discuss a situation you have faced that would require one of the six elements of moral judgment. Identify the element of moral judgment you chose and justify your response.
Find out the expected number of points resulting from the one on one. Compare this with the expected number of points from a two shot foul, where the second shot i always given.
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