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The New York Times cost $0.15 in 1970 and $2.00 in 2011. The average wage in manufacturing was $3.36 per hour in 1970 and $23.09 in 2011.
A) by what percentage did the price of the newspaper rise?
B) by what percentage did the wage rise?
C) in each year, how many minutes does a worker have to work to earn enough to buy the newspaper?
D) did workers' purchasing power in terms of newspaper rise or fall?
During that summer, he charged $1.69 each gallon for unleaded gas during daytime & $2.59 each gallon at night,
when several people died because of poisoned capsules of tylenol pain reliever strict government regulations were
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Suppose Virginia withdrew $10,000 from her bank. If the reserve ratio is 2 percent theen this transaction willl lead to decreasing ____ in checking account balance.
Can anyone choose and explain that because of labor hoarding, an increase in output may signal:
What is the marginal propensity to save? What is the present level of planned investment spending for the present period? What is the equilibrium level of real GDP for the present period? What is the equilibrium level of saving for the present period..
George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000 T-shirts. What is the demand elasticity? If his marginal cost is $4 per shirt, what is his desired markup and what is his initial ..
What are the three tools the Federal Reserve uses to change the money supply and insert rates in the economy? Which of these tools is most important and why?
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..
BudgetSurplus: The amount by which government revenues exceedgovernment expenditures in a given year. PublicDebt: The total accumulation of the FederalGovernment's total deficits and surpluses which have occurredthrough time.
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