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You can ask anyone the question. What would you rather have? Inflation? Or being unemployed? The resounding answer would be from everyone that they would rather be employed with a higher inflation than no job and a higher inflation rate.
Business Economics, Economics
What does the term the Ten Principles of Economics and how it's applied to the consumer buying trends?
A researcher records the repair cost for 8 randomly selected washers. A sample mean of $?60.46 and standard deviation of $?18.36 are subsequently computed. Determine the 90% confidence interval for the mean repair cost f ...
What does an increase in the savings rate do for a country's output? Why doesn't every country do that?
Suppose that a certain precinct contains 350 voters, of which 250 are Democrats and 100 are republicans. If 30 voters are chosen at random from the precinct, what is the probability that exactly 18 democrats will be sele ...
The average number of women in a shelter each night is 250 with a standard deviation of 75. If the city's capacity is 350 people will there be enough beds to meet the demand 95% of the time? How many women will be in the ...
In defining demand and supply, why do economists focus on price while holding constant other factors that might have an impact on the behavior of buyers and sellers?
The tobacco industry is a prime example to consider when talking about price elasticity of demand. While nicotine use can be addictive for many users, it is not addictive for the so-called "social smokers". What can we s ...
A manager has a utility function U = C 0.5 if she doesn't work hard and U = C 0.5 - 3 if she does. Expected profit will increase from 1,000 to 1,500 if she works hard. The manager receives compensation C equa ...
Why does a government undertakes expansionary fiscal policy? What are the problems of undertaking expansionary fiscal policy? When is fiscal policy more appropriate than monetary policy?
The distribution of seed weights for pumpkins is closely approximated by a normal distribution. You know that 95% of the seeds weigh less than 0.68 grams and that 5% of the seeds weigh less than 0.36 grams. Suppose you s ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As