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Question: A permanent TFP shock: Now consider a TFP shock that is permanent. For example, suppose the discovery and application of a new technology makes firms more productive. Consider the labor market block of a standard DSGE model with no sticky prices or wages.
(a) What happens to the labor demand schedule?
(b) What happens to the labor supply schedule?
(c) Why is the net effect on employment ambiguous? What happens to the real wage?
ECO 550- Determine the firm's profit maximizing price and output level using the golden rule: MR = MC, and/or suggest an alternative pricing policy that will enable the firm to maximize profits. Provide the rationale for your suggestion.
w. edwards deming often referred to as the leading quality guru in the united states and psychologist alfie kohn
If the average shooter aims at someone, he will hit them half of the time. If the drunk aims at someone, then he will hit them only ten percent of the time. Once someone is hit, they are out of the game, with the winner being whoever is the last r..
answer the next questions parts a and b on the basis of the following cost data for a firm operating in pure
assume that the companys is considering a merger. the possible merger currently faces some threats and that the
Find the equation that shows the relationship between motor vehicles and parts expenditure (PCE) and DPI - What are the R squares for the equations? Which one is better
What is the Nash equilibrium in this game ? Is there a first- mover advantage or first-mover disadvantage in this game? Explain, why?
The time between arrivals in an airport is exponentially distributed with a mean of 25 minutes.
Always Round Tire has a production function of Q = 300 L.75 K.5. In the short run, if L = 250 and K = 25, what happens to the output of tires if L jumps to 300 and then 350. What law does this illustrate?
In developing nations, young women have lower enrollment rates in secondary school than do young men. Describe several ways in which greater educational opportunities for young women could lead to faster economic growth in these countries.
Completion of import documents needed for entry into the U.S. to include the tariff classification number and impacted duty rates or fees. Potential dumping issues (i.e. predatory pricing with knockoff products: when manufacturers export a product..
What does sampling distribution mean and how is a sampling distribution of the mean obtained?
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