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We as a nation discuss reduction of carbon constant. Replacement mentioned often is renewable energy.
What happens to the national savings rate when the allocation of retirement funds shifts as you describe in your response to part (a)?
All else equal, what does a lower interest rate mean for firms? What does a lower interest rate mean for savers?
If healthcare costs make up 10% of total expenditures and they rise by 15% while the other components in the consumer. by how much will the price index rise?
Suppose that the residents of Greenland play golf incessantly. What was the CPI for each year? What was the inflation rate in 2011?
How much would you need to have earned in January of this year to have at least as much real income as your grandmother did in 1964?
How much has the entire index changed in the past year? Now pick out the five individual categories that have increased the most in the past year.
If I Had a Million Dollars. How much money would the group need in 2012 to have the same amount of real purchasing power in 2012?
If a country is experiencing a relatively high rate of inflation, what impact will this have on the country's long-term rate of economic growth?
If the prices of homes go up by 5% and the prices of concert tickets rise by 10%, which will have the larger impact on the CPI? Why?
What three issues are at the center of the debate regarding the accuracy of the CPI? Please give an example of each issue.
Adjusting for inflation, how much did the price of laptops change? Does this answer seem right to you, or is it missing something?
What is the labor force participation rate? If 5 million of the unemployed become discouraged and stop looking for work, what is the new unemployment rate?
What is the size of the labor force? What is the unemployment rate? What is the natural rate of unemployment for this country?
Why do you think the loss of manufacturing jobs was so difficult on the workers in areas like Allentown. What type of unemployment is the song about?
What groups does the Bureau of Labor Statistics count in the labor force?
What type of unemployment is affected when online job search engines reduce the time necessary for job searches?
The news media almost always bemoans the current state of the U.S. economy. How does the most recent unemployment rate relate to the long-run average?
Define and explain the two types of unemployment that are consistent with a dynamic, growing economy.
A local pizza restaurant charges full price for first pizza but offers 50% off on a second pizza. Using marginal utility, explain restaurant's pricing strategy.
If you get 30 utils from the last pound of cashews you consume, how many utils would you have to get from last pound of trail mix to be in consumer equilibrium?
At which restaurant are you likely to obtain the most marginal utility from the last slice you eat? Explain your response.
If the price of a cup of coffee rises to $3, what would you expect to happen to the amount of coffee and muffins this person consumes?
How do dollar stores survive when none of the items sold brings a high amount of total utility to consumers?
However, a sale has lowered the total cost of going to Cancun to $800. Does this change create a substitution effect, a real-income effect, or both? Explain.