The residents of a certain dormitory have collected the following data: People who live in the dorm can be classified as either involved in a relationship or uninvolved. Among uninvolved people, 4% enter into a relationship every month. Among involved people, 7% experience a breakup of their relationship every month. What is the steady-state fraction of residents who are uninvolved?

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.

These facilities were organized and sponsored by churches or charities during the great depression in an effort to feed the homeless and needy.

Which diagram provides an accurate example of how the government uses open market operations?