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Draw the short run Phillips curve and relate it to our economy today. Make sure to label both axis and include a dot on the curve that represents our state of economy. Explain your graph.
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Currently the U.S. national debt is over $17 Trillion. Many people feel the high level of the national debt is a very bad thing and it should be paid off. a. List and explain 3 advantages and 3 disadvantages of eliminating the national debt?
Explain the dual objectives of the Federal Reserve when dictating that nation’s money supply. Given these, explain whether the Federal Reserve has been successful in achieving the objectives over the last 15 years.
Provide a graphical example of what could potentially happen to the number of people employed in an economy if the government were to decide to raise the minimum wage; in addition, provide an explanation of what occurs when the minimum wage is increa..
a) A consumer has a utility function, donuts (A) and peaches (B) given by u(A,B) = square root AB. What is the maximum amount peaches she would be willing to give up for one additional unit of donuts, estimate the marginal rate of substitution of pea..
In terms of data types and their uses, which one of the following is NOT correct? The TEXT data type can be used for Last Name. The Date/Time data type can be used for 10/31/2012. The Currency data type can be used for Account balance. The AutoNumber..
You will receive $20 every other year beginning 2 years from now. This will continue forever. If interest is 10% per year compounded yearly, what is the present equivalent of this cash flow series
What sort of relationship would you expect to see between the price of bonds and the interest rate?
Prove utilizing a graph, that a diagonal line through the original would intersect each indifference curve once.
The company you work for recently has committed itself to implementing a program of social responsibility. After the company has gotten the commitment of top executives, planned the program, and appointed a program director, you suggest that a (n) __..
How many years would it take for an investment in year 1 with increases of 10%/yr to have a present worth f $1 million at an interest rate of 7%/yr?
Illustrate what salary would be required for the soldiers to be as well off as with the allowance.
Which of the following is an example of a market failure?
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