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How can the Kolyastani people be certain that the reforms proposed by the government will be maintained after you graduate?
What was the path of the money stock in the U.S. from January 1929 to March 1933? How did household's holdings of currency change over the same period?
Supply the following facts. Most can be found in the Barro textbook. What was the ratio of nominal outstanding public debt to GNP for the U.S. in 1996?
The company's settlement obligations are expected to raise its average total cost per pack by about $.60. What effect will this have on its optimal price?
What is the effect on your average saving rate in the first 4 years? can you see why some economists claim that social security can lower saving?
What was the annual growth rate of population between 1700 and 1800? (Use continuous compounding.)
If these two growth rates remain constant at their 1965-84 levels, in what year will per capita real income be the same in these two countries?
What is the economic interpretation of this situation? Which of our assumptions ruled out that a price equals zero? Why? Does Walras' Law continue to hold?
Consider an economy where velocity V equals 5, output grows at three percent a year. What is the annual inflation rate?
Compute the cyclical component as ln(GDP) ln(Trend). Plot the cyclical component. You will see the business cycles for which we have been looking.
How long do the shortest and the longest cycles last? Do the cycles look similar in terms of severity (amplitude), duration, and general shape?
What does Plosser's model imply for government policy? Specifically, can the government influence the economy, and is government intervention called for?
What will be the effect of this event on per capita income in Kuwait in the next five years?
Compute the growth rate of GDP, productivity and capital per worker for each year in your sample. Also compute the average growth rate for these three variable.
Describe wage determination in a labor market in which workers are unorganized and many firms actively compete for the services of labor.
What is meant by investment in human capital? Use this concept to explain (a) wage differentials and (b) the long-run rise of real wage rates in the US.
What are the annual earnings to date of the top 10 men golfers on the PGA tour? What are the earnings of the top 10 women golfers on the LPGA tour?
Which industries and occupations have the highest rates of unionization? Which the lowest? Speculate on the reasons for such large differences.
What is the role of the deadline in encouraging agreement in collective bargaining?
What is the estimated size of the union wage advantage? How might this advantage diminish efficiency with which labor resources are allocated in the economy?
In what two ways do labor unions reduce labor turnover? How might such reductions increase productivity?
Discuss three major problems encountered by the statistical agency in their attempt to estimate the value of the nation's product.
Suppose instead that stations seek to maximize its profits from sales of DVDs. What price should it charge? How many DVDs should it order from which supplier?
Are the countries the same? What percentage of U.S. imports and exports are accounted for by the top 15 trading partners?
For what transplant organ is the waiting list the longest? (Select Data and At a glance.) Do you favor establishment of a legal market for transplant organs?