1.6. Suppose that in the year 2005 the number of births is temporarily high. How does this...

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1.6. Suppose that in the year 2005 the number of births is temporarily high. How does this baby boom affect the price of baby-sitting services in 2010 and 2020? (Hint:

5-year-olds need baby-sitters, whereas 15-year-olds can be baby-sitters.)

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Principles Of Economics

ISBN: 9780324168624

3rd Edition

Authors: N. Gregory Mankiw

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