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1) Sketch the aggregate demand and aggregate supply functions for both the Keynesian and Classical Schools. Explain the assumptions inherent in each of the depictions, (i.e. the slope of the aggregate function is sloping in the school because).
2) Depict an equilibrium for AD and AS for the Keynesian School. What are the relevant assumptions concerning prices and the slope of the AD function.
3) Depict the equilibrium of AD and AS for the Classical School. What are the relevant assumptions concerning prices and output.
Design an iterative and a recursive function called replicate_iter and replicate_recur respectively which will receive two arguments: times which is the number of times to repeat and data which is the number or string to be repeated.
The data given below shows the situation in 2010 and 2011 if Fed does not use the monetary policy,
If your nominal income rose by 5.3 percent and the price level rose by 3.8 percent in some year, by what percentage would your real income (approximately) increase If your nominal income rose by 2.8 percent and your real income rose by 1.1 percent..
Twenty years later, 2002, this account had increased to $265. However, the CPI increased to 186. What would be the value (purchasing power) of $265 in 2002?
Assume the price of baseballs is $5 and baseball gloves is $20. Assume you have $100 total to spend on these items. Construct a table . What is the point, based on the Equimarginal Rule, which has equal marginal benefit (or the closest) for the tw..
suppose that in 1984 the total output in a single-good economy was 10000 buckets of chicken and the price of each
Find a maximum matching for the graph in the attachment and use Hall's theorem to prove its optimality. Then, describe the equivalent maximum-flow problem and the corresponding minimum cut.
suppose you are a painter and the price of a gallon of paint increases from 3.00 a gallon to 3.50 a gallon. your usage
You have been hired by a local used car dealer to help in their pricing of used cars. then what the estimated coefficients mean for each of these regressions.
Suppose that the money multiplier is 2. If the Fed buys $2 million in securities, the quantity of money will be?
Analyze why the prices of gasoline rose so high over the summer. Was it because OPEC cut back production and the number of people driving was more. Illustrate this using a graph showing a decrease in supply
Does Consumer Bank face interest rate risk? That is, if market interest rates increase or decrease 1 percent, what happens to the value of the equity? How can a decrease in interest rates create interest rate risk?
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