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What is price-wage rigidity? Keynes assessment states that wage-price rigidity requires government involvement. Why? Why not?
The asset (liquidity preference, or speculative) motive/demand for money relates primarily to money’s medium of exchange function. A Keynesian would view expansionary monetary policy as having its impact primarily through its effect on interest rates..
Why is there unemployment even when the economy is at "full employment"? What are some "costs of unemployment"? Is the CPI a biased measure of the inflation rate? Explain your answer.
Suppose that the adult population is 152 million, the number of unemployed is 19 million and the labor force participation rate 63%. What is the unemployment rate?
Two hundred paper mills compete in the paper market. The total cost of production (in dollars) for each mill is given by the formula TC = 500Qmill+ (Qmill)2 where Qmill indicates the mills annual production in thousands of tons. The marginal cost of ..
q. television channel operating profits vary from as high as 45 to 55 percent at mtv as well as nickelodeon down to 12
q1. numeral stores propose film developing as a examine to their customers. suppose that each store offering this
The manager of Green Chemical Co. has been informed that this year’s production target Q for organic fertilizer (in millions of tonnes) is 20. The manager is asked to allocate the production across the company’s two plants. How should the manager all..
An economist estimated that the cost function of a single-product firm is: C(Q) = 60 + 25Q + 15Q2 + 10Q3. Based on this information, determine the following: The fixed cost of producing 10 units of output. $ The variable cost of producing 10 units of..
The Chain of Responsibility The Situation Because several stages are involved when distribution chains move products from supply sources to end consumers, the process offers ample opportunity for ethical issues to arise. What are the responsibilities..
This week, we discussed the relationship between social structure, stratification, and health quality. In this exercise, you are expected to reflect upon your maturation process and demonstrate that you have considered the demographic characteristics..
What is the short term economic benefits and costs associated with the current high federal government budget deficits?
Why do national income accountants compare the market value of the total outputs in various years rather than actual physical volumes of production? What problem is posed by any comparison over time of the market values of various total outputs? How ..
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