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What are the similarities between the life-cycle and the permanent-income hypotheses? Do they differ in their approaches to explaining why the long-run MPC is greater than the shortrun MPC ?
Assume no change in current productivity or current labor supply in either country. What is happening to financial flows? Why?
What ISA standard states when they should be used?
Consider a closed economy to which the Keynesian-cross analysis applies. Consumption is given by the equation C = 200 + 2/3(Y - T). Planned investment is 300, as are government spending and taxes. a. If Y is 1,500, what is planned spending
On a diagram, draw the marginal cost curves for the two factories, the average and marginal revenue curves, and the total marginal cost curve (i.e., the marginal cost of producing Q = Q1 + Q2). Indicate the profit-maximizing output for each factor..
Suppose that investment demand increases by $100. Assume that households have a marginal propensity to consume of 80 percent. Compute the first three rounds of multiplier effects as follows: a) What are the first cycle changes in spending? Total cu..
What will be the total output produced in the Cournot duopoly game? [Hint: you can either derive the reaction functions and solve them, or use the formula from Section 10.6 of the chapter.]
Find the firm's marginal production function exhibit diminishing marginal returns to labor? explain b. Capital is r=$5 per unit and that labor costs w=$20 per unit. What is the cost of producing q=100 units of K and 100 units of L? c. What is the m..
The invers demand curve for a monopolist changes from P=100-2Q to P=120-2Q while the marginal cost of producing remains unchanged at a constant $20. what happens to the deadweight loss
Peter lives for three periods. He is currently considering three alternative education work options. He can start working immediately, earning $100,000 in period 1, $110,000 in period 2 (as his work experience leads to higher productivity)
TOTAL CIVILIAN POPULATION AGE 16 AND OLDER: 233.8 million NOT IN LABOR FORCE: 79.5 million CIVILIAN FORCE TOTAL: 154.3 million - EMPLOYED: 145.4 million - UNEMPLOYED: 8.9 million CIVILIAN UNEMPLOYMENT RATE: 5.8%
Refugees with manufacturing skills from war-torn Bosnia and Kosovo are relocated to Tennessee.
Many MBAs who ventured into the "dot.com" world of the late 1990s found themselves unemployed by 2001 as many firms in that industry ceased to exist. However, during their tenure with these companies, these managers gained valuable skills in how t..
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