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What is the role of monetary policy in influencing the relationship between production, employment, disposable income, and spending?
Does this mean that if the money supply never increased that the aggregate demand and subsequent growth to meet that demand could still occur?
What should Happy Pets do in response to these market changes to maximize its profits from this product?
Scenario: Decreased shift in the demand for capital occurs in an economic downturn or recession. T
Question: Explain the characteristics of the business and household unit of the model.
Question: Find average variable cost of 3,000,000 pairs of shoes
What is the sample size for this poll? Compute the percent of responses in each of the possible response categories.
Assume that the airplane can be purchased from an outside supplier. What is the relevant unit cost for this make-or-buy decision?
Suppose that a sample of households in a community is selected at random from the telephone directory. What households are omitted from this frame?
Which period do you think had the higher rate of no answers? Why? Explain why a high rate of nonresponse makes sample results less reliable.
If she does, she pays 40,000 in direct costs for the period and gives up 50,000 in earnings (what she earns for each period if she does not attend college).
One argument for the decreased labor force participation of older men (especially in the 55-64 age group) is high generosity of post-retirement health benefits.
Use an indifference map and budget line to depict a situation where she does not work. Show the reservation wage on the graph.
What is the mean salary paid at this ?rm? How many of the employees earn less than the mean? What is the median salary?
A report on the assets of American households says that the median net worth of households. What explains the difference between these two measures of center?
Describe several variables you might use to measure ?tness. What instrument or instruments does each measurement require?
Generate a schedule showing total product, average product of labor, and marginal product of labor using a range of labor inputs 0 to 6.
Question: The president of a small firm has been complaining to his controller about rising labor and material costs.
What is the minimum earnings necessary to induce her to move to northern Virginia? Assume a .10 discount rate.
What was the change in the unemployment rate for native residents in City A after the influx of X residents?
What is the average number of efficiency units among immigrants?
(i) What is the worker's asking wage? (ii) Would the worker accept a $15 wage offer?
Assuming that labor accounts for 80% of country Y's gross domestic product, calculate immigrant surplus as a share of national income.
Calculate the marginal product of labor. Calculate the average product of labor
Explain how an empirical test of this argument would be problematic.