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Suppose that work hours in New Zombie are 300 in year 1 and productivity is $14 per hour worked. What is New Zombie's real GDP? _____$
If work hours increase to 320 in year 2 and productivity rises to $16 per hour, what is New Zombie's rate of economic growth?
Rate of growth =_____ %
Assume that, from an initial consumer equilibrium position, price of good X falls while the price of good Y remains the same.
Describe five additional factors that you consider most significant for forecasting the demand for natural gas over the next decade and briefly outline the processes you would use in gathering and analyzing these five additional factors for forecas..
Illustrate what is the short-run equilibrium real GDP and price level. Does Japan have an inflationary gap or a recessionary gap and what is its magnitude.
The Crank Yankers DVD season two has been a hot seller during recent weeks. An examine of weekly demand shows:
Outdoor Sports Corporation, with its main office in Iowa, is considering opening a branch office in Los Angeles. Under normal economic conditions, which have a 45 percent chance of occurring,
Disscuss the contrasting views of the Keynesians and the monetarists with regard to an appropriate.
Expalin how the actions of a mine operator can spend $5 million to free a trapped miner.
What is meant by the Golden Rule and use the Mankiw Golden Rule graph to discuss whether this increase in the US s would have any effect on the GR variables of interest.
Compute the long-run impact of a permanent rise in money supply versus a permanent tax cut.
Elucidate how do Keynesian and Real Business Cycle economists differ on the right response to Japanese stagnation.
Utilizing the company Bausch & Lomb, list at least four conditions that would change the Production Possibility Curve.
The Bretton Woods system and institutions setup after World War II and the U.S. dollar as a reserve currency
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