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if the aggregate-demand curve is given by the equation p 400 - 2 acute y and long-run aggregate supply 100 the
the gdp deflator in 2000 is 100 the gdp deflator in 2010 is 127 if real gdp in 2000 is 10 trillion and nominal gdp in
johnny continues to consume burgers and steaks his utility function isuxb xs xbxs the price of burgers is 1 the price
suppose a country has a population of 61 million of which 37 million are in the working-age population of those 11
the production function is y a acute ka acute l1-a if a 03 and over the past year total factor productivity tfp grew
in 2004 the number of unemployed people decreased from 88 million to 81 million while the labor force increased from
in 2001 the number of people in the working-age population increased from 2126 million to 2151 million while the labor
if the working-age population is 215 million the labor force is 145 million and the number employed is 137 million then
the story of coltan in the congo is just one example of how an abundance of exploitable resources can often worsen or
many demographers predict that the us will have zero population growth in the 21st century in contrast to the
population growth and technology growth consider an economy that is described by the production function y k12 le1 2
population growth but no technology growth consider an economy that 12 is described by the production function y k13l1
the country of examplestan has 100000000 citizens 50000000 are adults who are employed or are actively seeking work 2
define the term innovation what is innovation anyway is it the same as new product
florida is considering construction of a flood control dike having a life span of 16 years the investment require is
suppose the federal reserve is considering the applications of four different banks to merge with other banks given the
in a recent year a bank earned 12 million in interest on its assets of 177 million it paid out 8 million in interest on
would you argue that large scale operations are more or less efficient or that they have too much market power do they
a monopolist demand curve and mr curve are separate there are two different customers with two different elasticities
consider two firms a yoga studio and a bar the bar produces noise which reduces the price that the yoga studio can
during the 2008 financial crisis and the subsequent recession how did major us banks respond to the actions of the
suppose consumer 1 has the demand function given by d1p 15minusp and consumer 2 has the demand function given by d2p
the initial cost of a pickup truck is 10323 and will have a salvage value of 3850 after five years maintenance is
one reason for anti-trust laws is that economic concentration of power monopoly or oligopoly comes with concentration
yesterday the price of envelopes was 3 a box and julie was willing to buy 10 boxes today the price has gone up to 375 a