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Plot the difference between the unemployment rate and the natural rate of unemployment (short term), and the inflation rate. Do you observe a Phillips curve relation in the data? What if you confine attention to particular sub-periods? Discuss.
With the machine adequately maintained, its production rate will remain constant for the first 1,200 hours of operation and then decrease by 2 feet per hour for each additional 400hours thereafter. the expected average annual use is 400 hours
a) Under a strict divorce law that requires both the husband and wife to agree to the divorce in order for it to happen, will the couple stay married why b)If there is no divorce law and either the husband or wife can end the marriage
Given this, why might stock prices be a good predictor of recessions?
(Case Study: Active Versus Passive Presidential Candidates) What were the main differences between candidates Bush and Clinton in the 1992 presidential campaign? Illustrate their ideas using the aggregate supply and demand model.
Due to manufacturing error, a parasitic resistor Rp has appeared in the cascode stage of Fig. 11.90. Assuming λ = 0 and using Miller's theorem, determine the poles of the circuit.
Assume that the skill level of all consumers is strictly positive. What will be the observed distribution of income?
Assume that the John Smith, the manager of marketing division of Chevrolet at GM, estimated the given regression equation for Chevrolet automobiles:
Ferdinand Sludge has just written a disgusting new book, The Piggery. His publisher, Graw McSwill, estimates that the demand for this book in the United States is Q1 = 50,000 - 2,000P1, where P1 is the price in the U.S. measured in U.S. dollars.
Big Top is the only circus in the nation. Table 2 sets out the demand schedule for circus tickets and the cost schedule for producing the circus.
How would you feel about this offer if you were a shareholder? What are the implications for moral hazard, efficiency, and risk sharing? Can their decision be viewed as a form of signaling? If so, what are they signaling and to whom?
From the information in the table, calculate marginal and average products. Graph the three functions (put total product on one graph and marginal and average products on another). For what range of output does this function have diminishing marginal..
Then there exists a unique BGP allocation in which there is only labor-augmenting technological change, the interest rate is constant and consumption and output grow at constant rates.
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