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Imagine that we know that Okun's Law applies to a particular economy, let's call it "Messi-land". Suppose we are told that over a certain period employment in Messi-land grew by 2% while over the same period the labour force in Messi-land grew by 3%. Assume that the natural rate of unemployment in Messi-land has not changed over the period. What can we say must have happened to the output gap in Messi-land over the period? Has it risen? Fallen? Remained the same? Can't say? Explain your answer fully.
q1. the happy crystal bank of kowloon lends money to risky businesses. the risk premium it charges on its loans is
What would happen to GDP if the government hired unemployed workers, who had been amount $TR ain unemployment benefits, as government employees and now paid them $TR to do nothing? Explain.
The purchase of Treasury bills by the Federal Reserve is an aspect of (conventional or uncoventional) monetary policy, the expansionary version of which the Fed can use when the federal funds rate is (well above/near) zero. The government securities ..
Do a Library search for an articles about Robert Merton's Structural Strain Theory. This theory talks about the kinds of responses that one might expect when the "normal" legitimate means to acquiring the "good" stuff in life is blocked. The block ca..
A monopolist estimated that the own-price elasticity of demand for its product is -4.5 and its advertising elasticity of demand is 1.5. Assuming these elasticities are constant, what fraction of the firm's revenues should the firm "reinvest" in adver..
each job this auto body repair shop handles is a special order job. What type of costing method would this auto body repair shop most likely use.
Suppose a monopolist faces the following demand curve: What is the monopolist’s profit-maximizing level of output? What price will the profit-maximizing monopolist charge? How much profit will the monopolist make if she maximizes her profit?
If a deposit outflow of $50 million occurs, which balance sheet would a bank rather have primarily or the following balance sheet.
q. the article states growth in the export sector has been one factor contributing to overall growth. how would we
Which of the following is not a characteristic of a monopolistically competitive market structure? There are low barriers to entry of new firms. All sellers sell products that are differentiated. There is a large number of independently acting small ..
Suppose a monopolist faces the following market demand: What is the firms marginal revenue and the desired amount of units of production to maximize profit?
Firms can have: Accounting profits and economic losses, Accounting profits and economic profits, Accounting losses and economic losses, Accounting losses and economic profits.
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