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Question: Write a short essay for the following:
If the Federal Reserve were to target the price level, so that Pt = P, how would money supply change if productivity (At) suddenly decreased temporarily? Reason though what happens to macroeconomic aggregates such as Yt , Lt , effective Kt (such as through changed capital utilization), and how they cause the central bank to change money supply Mt to keep Pt constant.
The physiocrats created the first "model" of economic life. Describe its structure and its dynamics (i.e., how does the model "work").
Discuss why would cash transfers typically be preferred by recipients over in-kind transfers? What are the pros and cons of each from a government perspective?
The demand and supply curves that we use can also be represented with equations. Suppose that the demand for low-skill labor.
a. Define the Bertrand model and its assumptions. Explain why the model predicts the perfectly competitive outcome despite the number of sellers. Discuss the limitations of the model.
Detail the compensable factors of a position you are familiar with and their impact on that position's salary, and you may want to reference the job analysis and job description process, which form the foundation of job evaluation.
Propose two (2) applications of the knowledge that you have learned in Economics 550 at Strayer University to your current or a future position.
Suppose you want to test the hypothesis that the true or population regression coefficient of the education variable is 1. How would you test this hypothesis?
Personal Budgeting Budgeting is useful to many different types of entities, including the individual. Consider an entity that you know well.
Assume that the information below shows the unemployment and inflation rate in Canada as a result of a shift in Aggregate Demand.
How does your country compare to the 3 base-line countries?
If the elasticity of demand coefficient for a good is 4(in absolute term), we know: a: that for every 1%increase in quantity, there will be a 4% increase in price b: that for every 1% increase in quantity, there will be a 4% decrease in price c: that..
Determine the firms marginal revenue function, its profit-maximizing quantity, its profit-maximizing price, and its profit.
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