If a city decides to use rent controls (a price ceiling) to “solve” the problem of high rent for the poor. State how each of the following will be…
September 3, 2020
Suppose that Omar’s marginal utility for cups of coffee is constant at 1.5 utils per cup no matter how many cups he drinks.
September 3, 2020

Supposed that each of the following rows represents the choice faced by policy makers given the current set of U.S. institutions and technology. What is the opportunity cost of reducing unemployment from 8 percent to 4 percent?

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