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(Changes in Aggregate Supply)What are supply shocks? Distinguish between beneficial and adverse supply shocks. Do such shocks affect the short-run aggregate supply curve, the long-run aggregate supply curve, or both? What is the resulting impact on potential GDP?
Sketch the indifference curves of the Bergson-Samuelson social welfare function W = U1 + U2. What do these indifference curves imply about the degree of concern for equity of the social planner? Repeat for the welfare function W = min {U1; U2}.
The flexibility of the supply curve of rented apartments before the law was passed is 0.15 Before the law was passed, there was a rise in the demand for rented apartments, and this rise in demand caused a 30 percent rise
When a pair of dice are tossed, the results may be any whole number from 2 through 12. In the game of craps one can win by tossing either a 7 or 11 on the first roll. What is the probability of doing this.
A geometrically increasing series of 20 end of year payments is deposited to fund an account. The first payment is $20,000, the geometric factor is 4%. The account is used for retirement purposes and will produce 30 consecutive annual payments of ..
You have the following end of year cash flows: Y0 = $400 Y1 = $300 Y2 = $200 Y3 = $100 Y4 = $0 Y5 = $0 Y6 = $0 Y7 = $500 Y8 = $500 Y9 = $500 Equate the following cash flows to equal cash flows in years 5,6,7,8 and 9. Let i = 8% per year.
part-1question 1nbsp following the general methodology used by econometricians as explained in the session for week 1
Suppose that Boeing is the Stackelberg leader and chooses its quantity first, then Airbus makes a move observing what Boeing has done. Solve the equilibrium in this sequential game. Be sure to characterize the quantity choices
Which goal was the most important at the time your article was written?
Illustrate this on an AD-AS diagram, assuming that the government changes its purchases by exactly the amount necessary to close the gap.
Suppose people had a choice among five uniform colors rather than being required to wear blue. Would you expect the benefits of requiring uniforms to decrease by a little or a lot?
Demand: Q=225-15*P Costs: 300 + 12Q + 0.5Q2(superscript) a. What is the marginal revenue function for this firm b. What is the marginal cost function for this firm c. What is the profit maximizing level of output
Each acre can support 10 banana trees. However the 3 acres differ in their ability to support mango trees. She can grow 30 mango trees on the best land, 20 mango trees on the good land, and 10 mango trees on the bad land.
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