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1. Describe the Fed's objective function and how it can be used with an economic model to evaluate alternative monetary policies.
2. Why didn't policy based on the Phillips curve work to help the Fed reduced the unemployment rate to a lower level than before? What happened in the 1970s as the Fed tried to take advantage of the tradeoff between inflation and unemployment?
"Monetary Policy" Please respond to the following:
• Discuss whether or not the Fed should use its policy tools to smooth out the business cycle (reducing output during economic expansion and increasing output during recessions). Explain your rationale.
"Policy Improvements" Please respond to the following:
• Discuss ways the Fed's objective function can be used with an economic model to evaluate alternative monetary policies. Provide specific examples to support your response.
Suppose we have an economy in which G = 100, t = 0.26, Y = 3800, and YN = 4000. Then t rises to 0.28 as the same time as G rises to 1150. The overall impact of this resettling of the fiscal variables is ________ because ________.
A development of value and distribution theories. Detailed analysis of the reactions of consuming and producing units
Consider a competitive industry with a large number of firms, all of which have identical cost functions c(y)=y2+1 for y>0 and c(0)=0. Suppose that initially the demand curve for this industry is by D(p)=52-p. (The output of a firm does not have to b..
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Craft Unions Both industrial and craft unions attempt to raise their members' wages, but each goes about it differently. Explain the difference in approaches and describe the impact these differences have on excess quantity of labor supplied.
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produce a report based on a scenario covering a range of learning outcomes. demonstrate course concepts and ideas
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How many times would this fully insured person visit the physician?
Consulting your text and any other source you would care to cite, and prepare your answer using the word processor of your choice. [200 words is a general guideline, not a rigid limit.]
at a large institution of higher learning the demand for football tickets at each game is 100000 -6000p. if the
A(n) ____ may offer products that are either differentiated or nondifferentiated. What is the difference in profit maximization between the perfect competitor and all other types of firms?
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