Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose an economy has the following aggreagate demand curve
Y=3401+ 2.888 M/P and a price adjustment schedule
II = 1.2[(Yt- i - Y*)/Y*]
Where Y* is potential real output= 6000, M= money suppy=900
(a)Plot the aggregate demand curve and potential GDP line.
(b)If Po= 0.5 what is Yo? Does this place upward or downward pressure on prices? Explain.
(c) Compute the path of the economy, that is , calculate real GDP, the price level, the inflation rate and real money stock for each year until GDP I swithin 1% of the potential. (limit calculated values to 10 decimals points)
Explain why a monopolist will never set a price (and produce the corresponding output) at which the demand is price-inelastic.
What were some of causes of stagflation of 1973 and 1979? In what ways were these episodes of stagflation different from great depression of the 1930s?
Assume the new leadership in Congress decides to repeal some of the tax breaks granted to large businesses throughout the past several years. What impact will the repeal have on the exporting of jobs to foreign countries? describe by using isoquant ..
Explain International Monetary System
Determine the profit-maximizing prices both firms will charge. In addition, calculate the price-cost margin for each firm and indicate which has more pricing power and why.
Compute total revenue, marginal revenue, total cost and profit at each quantity. What quantity would a profit-maximizing publisher choose? What price would it charge?
Assess the degree of difficulty associated with measuring marginal revenue product for each of the following occupations.
According to law of comparative advantage , who should produce wheat and who must produce Cd palyer? Evaluate all relevant opportunity cost.
Which of the following strategies are used by businesses to capture consumer surplus? Nash equilibria are stable because
Explain how each of the following will affect the relative values of the dollar and the euro:
What is the difference between the medium of exchange and the store of value? What is the difference between commodity money and fiat money?
A tariff is simply a tax on imports. Use our model of the excise tax (with diagram) to describe why domestic firms request that tariffs be imposed.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd