« previous next »

Author Question: The real business cycle model focuses on how A) the labor theory of value is the best measure of ... (Read 79 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
on: Jun 29, 2018
The real business cycle model focuses on how
 
  A) the labor theory of value is the best measure of value of a good or service.
  B) productivity shocks explain fluctuations in real GDP.
  C) wage and price stickiness explains fluctuations in real GDP.
  D) the Federal Reserve should adopt a monetary growth rule.

Question 2

What is hedonic analysis?
 
  What will be an ideal response?


honnalora

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Hedonic analysis refers to the study of the prices of goods, services, or jobs in terms of the prices of the characteristics that they embody. Every good or service has features that can be viewed as attributes, and how much a consumer is willing to pay for these goods depends on the bundle of attributes. The term that is used for the analysis of consumers' willingness to pay, and companies' willingness to supply such characteristics, is hedonic analysis.
A-head: ECONOMIC TOOLS TO VALUE HUMAN LIFE
Concept: Hedonic analysis


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Zygotic life cycle, illustrated by the unicellular flagellate genus Chlamydomonas Zygotic life cycle, illustrated by the unicellular flagellate genus Chlamydomonas
Life cycle of Obelia, a colonial cnidarian. Life cycle of Obelia, a colonial cnidarian.
A single-gene model explains Mendel’s ratios A single-gene model explains Mendel’s ratios
Stages of the asexual cell cycle Stages of the asexual cell cycle
carbon cycle carbon cycle
Opener Model showing how the lac repressor and catabolite-activating protein Opener Model showing how the lac repressor and catabolite-activating protein
Video: Atrophy

For a complete list of videos, visit our video library