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On a piece of graph paper draw a set of axes, such as those in the figure above, but do not draw the supply curves shown there. Instead, draw a long-run aggregate supply curve based on the assumption that the natural level of real output is $3,000 billion. What is the slope of the curve? At what point does it intersect the horizontal axis? Next draw a short-run aggregate supply curve based on the assumption that the expected level of inpout prices is 1.5. Where does this short-run aggregate supply curve intersect the long-run aggregate supply curve that you drew?
Just need an explanation of what it woudl look like?
With fewer also fewer barriers to trade, countries are able to focus on producing those goods also services which they are best.
You are to consider pricing separately, pure bundling, and mixed bundling. Without computations, which pricing policy from above would you recommend. Please explain why.
The manager of a corporate division faces the posibility of an audit every year. She prefers to spend time preparing if she will be audited; otherwise, she would prefer to invest her time elsewhere.
Students are required to write an essay on a significant, recent economic event or activity and discuss an economic activity or event of interest and apply it to theoretical models and economic laws introduced during your study of topics.
Suppose that GDP is currently $25,000 and marginal propensity to consume is .50. If autonomous investment increases by $5,000, what will GDP be in new equilibrium.
Illustrate what kind of gap-inflationary or recessionary-will the economy face after the shock.
One could argue that a long commute to work is an undesirable characteristic of any job. If most people live in the suburbs.
It was reported that the price of kerosene heaters skyrocketed and the number purchased increased during this time.
Illustrate what way are entrepreneurs also businesses at the helm of the economy but commanded by consumers.
Utilize this concept to construct an example in which a risk-averse individual prefers a gamble to a certain amount of money.
The nominal interest rate is 12% compounded semi-annually. What single amount on July 1, 2015 is equivalent to this cash flow system?
Utilize economic theory to analyze the likely labor-marketplace effects of the growth in these awards, assuming that the wages in these jobs stay constant.
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