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Suppose that at time t-1 inflation is zero and there were no shocks in the economy. At time t there is a positive supply shock that lasts for only two periods. Using a graph to illustrate your answer, explain the effect of such a shock on the equilibrium of the DAD-DAS model.
Have you been personally involved in the making of a decision for a business concerning what, how, or for whom? If yes, Elucidate your rationale for making such decisions.
Joining marketsplace or developing countries across the world has presented attractive opportunities to global companies and thus, boosted FDI.
Assume that the government increases purchases of goods and services through $20 billion. Using your graph obtained in, draw the new AE line and determine the new equilibrium GDP.
As with this data how could you make the cost benefit test to tell if at a given percentage level abatement is effiecient.
Elucidate how the money multiplier facilitates the creation of money by the banking system and cite resources.
Suppose if there were no tax profits and behavior is governed through rational self interest, would people give to charitable institutions? use economic principles to describe.
Assume a country has a population of 61 million, of which 37 million are in the working age population. Of those, eleven million are not in the labor force and 23 million are employed. Determine the labor force participation rate.
Elucidate as accurately as you can how each of the following individuals which would be affected by unanticipated inflation of 10 percent per year.
In a few weeks Professor Smith will be taking his daughter Attilla to the State Fair. Calculate the Marginal Rate of Substitution (MRS).
Suppose if the government increases taxes, which of the following is LEAST likely to occur.
Illustrtae what is the value of x which will make the manager indifferent among shirking and working hard.
The average weekly earnings of bus drivers in a city are $950 with a standard deviation of $45. Assume that we select a random sample of 81 bus drivers.
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