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Given your model of aggregate demand with three ?nancial assets (money, bonds and credit) and the indirect production function with working capital and the new Keynesian Phillips curve, what are the effects of a contractionary monetary policy on output and employment in the short-run? What are its effects in the long run? Discuss.
If the equation for a country's Phillips curve is p = 0.02 – 0.7(u – 0.055), where p is the rate of inflation and u is the unemployment rate, what is the short-run inflation rate when unemployment is 5.8 percent (0.058)? Discretionary Policy: (True o..
the demand curve for product x is given by qxd460-4pxa.find the inverse demand curve.b.how much consumer surplus do
chens car is worth 5000. but she is sometimes careless and leaves the door open and the keys in the ignition.
What is the impact on steady state consumption of a small increase in the steady state capital stock? What level of investment maximizes the steady state rate of consumption?
How much excess reserves does the bank hold and how much more can this bank lend - What is the required reserve ratio?
a generous university benefactor has agreed to donate a large amount of money for student scholarships. the money can
Describe why the results of computing cross-price elasticity can be useful in determining product relationships. In your explanation, contrast the different numerical values of cross-price elasticity and what each value indicates.
Identify an example in which a firm you are familiar with made a strategic decision that was focused on improving the organization's profitability. How did the market structure in which the firm competes affect the firm's decision-making?
Write down the Lagrangean function associated with this problem and derive the first-order conditions for this problem.
What is the Construction of ELCB (Earth Leakage Circuit Breaker) and how it works ? and what are the Advantages and Disadvantages of ELCB ?
Write a 150 word paragraph for each item below: - Current state of consumer income - Current state of interest rates
1.Under what circumstances might a tax reduction be associated with a long-run increases in real national income and a long-run reduction in the price level.
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