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Suppose real GDP is growing 5 percent, the money supply is growing at 5 percent, the velocity of money is growing at 5 percent, and the real interest rate is 2 percent. a. What is the current inflation rate and nominal interest rate? b. If the money supply growth rate increases to 10 percent, how will your answers in part (a) change?
The amount of money generated in a week can be viewed as a random variable with a mean of $700 and a standard deviation of $130. Find mean and standard deviation of an employee's total pay in a week.
Discuss your overall perceptions of the English Composition course thus far. Describe the course concepts that either have seemed familiar or have confused to you. Determine the one (1) or two (2) specific concepts that you would you like explore fur..
Suppose that the forces of good have an army of 1 million and the forces of evil have an army of 500,000.Using the rule of 70, in approximately how many years will the forces of evil catch-up with the forces of good.
Write the total and marginal revenue functions.
Why do cotton growers spend billions of dollars to dam rivers and transport water hundreds of miles to grow cotton in California deserts?
Can anyone think of a program which costs a lot but does not provide long lasting benefits.
Assume an endogenous growth model with labour augmenting technology.
Demand shifts right when:
Elucidate why might an economist be skeptical of Billy's discrimination complaint. Billy works for the local piano-moving company part-time after school.
Discuss the factors that cause the average income of nonwhites to be lower than the average income of whites. Explain how welfare creates work disincentives. Explain the changes in welfare caused by the "Personal Responsibility and Work Reconciliatio..
An investor bought a racehorse for $1 million. The horse's average winnings were $700,000 per year, and expenses averaged $200,000 per year. The horse was retired after three years, at which time it was sold to a breeder for $175,000. Assume accelera..
Brenda owns a construction company that employs bricklayers and other skilled tradesmen. Her firm’s MRP for bricklayers is $22.25 per hour for each of the first seven bricklayers, $18.50 for an eighth bricklayer, and $17.75 for a ninth bricklayer. Gi..
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