Tài liệu Ten Principles of Economics - Part 76 docx

... ideas of many of the best economists of the twentieth century: from the Phillips curve of Phillips, Samuel- son, and Solow, to the natural-rate hypothesis of Friedman and Phelps, to the rational-expectations ... economics profession offered two conflicting pre- dictions. One group of economists offered estimates of the sacrifice ratio and con- cluded that reducing inflation wo...

Ngày tải lên: 21/01/2014, 23:20

... elastic) Quantity of Apartments 0 Supply Controlled rent Shortage Rental Price of Apartment 0 Rental Price of Apartment Quantity of Apartments Demand Supply Controlled rent Shortage Demand Figure 6-3 R ENT C ONTROL ... Binding $4 3 Quantity of Ice-Cream Cones 0 Price of Ice-Cream Cone 100 Equilibrium quantity (b) A Price Ceiling That Is Binding $3 Quantity of Ice-Cream Cones...

Ngày tải lên: 15/12/2013, 11:15

... Intel stock is a part owner of Intel; the owner of an Intel bond is a creditor of the corporation. If Intel is very profitable, the stockholders en- joy the benefits of these profits, whereas the ... to the profits that the firm makes. For example, if Intel sells a total of 1,000,000 shares of stock, then each share represents owner- ship of 1/1,000,000 of the business. The...

Ngày tải lên: 15/12/2013, 11:15

... are often skeptical of this second argument. With thousands of money managers paying close attention to each company’s prospects, the price of a company’s stock is usually a good reflection of ... U.S. policymakers view the low level of U.S. saving as a major problem. One of the Ten Principles of Economics in Chapter 1 is that a country’s standard of living depends on it...

Ngày tải lên: 15/12/2013, 11:15

... States would not tolerate the “flooding of our markets” with low-cost goods from Asia and Rus- sia, particularly steel, that are threaten- ing the jobs of American workers. The President’s statement ... force here that may lead to a softening of the Russian position: namely Russian consumers. Russian consumers favor the Amer- ican birds, which despite the dire warn- ings of the Russia...

Ngày tải lên: 24/12/2013, 17:15

... of October to 6.6 percent at the end of the month. In part because of the Fed’s quick action, the economy avoided a reces- sion. While the Fed keeps an eye on the stock market, stock-market participants also ... tightening of monetary policy risks pushing the economy into a recession, which reduces profits. As a result, stock prices often fall when the Fed raises interest rates. 736...

Ngày tải lên: 24/12/2013, 17:15

... groups of equal size, called quintiles. The second column of the table shows the average income of each group. The poorest one-fifth of fam- ilies had average income of $9,880; the richest one-fifth ... aware of the administrative bur- den of the tax system. Small firms must comply with many of the same laws as large ones. Yet, because of their size, compliance can take a mu...

Ngày tải lên: 21/01/2014, 23:20

... CURVE We have been discussing the behavior of competitive profit-maximizing firms. You may recall from Chapter 1 that one of the Ten Principles of Economics is that rational people think at the ... by competition, the outcome in a market with a monopoly is often not in the best interest of society. One of the Ten Principles of Economics in Chapter 1 is that governments...

Ngày tải lên: 21/01/2014, 23:20

... universities’ envi- able cartel position has been damaged by the unenlightened Justice Depart- ment, which argued that the price-setting meetings were a violation of antitrust laws. Since most of the universities ... claim of this otherwise worthy contestant for the first annual prize. Officials of Ivy League universities have been able to meet in semi-public fo- rums to set rules tha...

Ngày tải lên: 21/01/2014, 23:20