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Draw diagrams to explain how shifts in aggregate supply and demand are likely to lead to changes in output and inflation when:
a) the government cuts income tax rates
b) the Fed sells government securities
c) the Fed lowers banks’ required reserve ratios
d) OPEC triples oil prices
e) the government institutes an effective job training program for high school dropouts
f) floods in the Midwest causes farm output to fall
q. 1. last year president obama proposed a job creation program that included a payroll tax cut? using economic theory
Draw the profit-possibility frontier in the duopoly case when the firms have constant and equal marginal costs, decreasing marginal costs, and constant but unequal marginal costs.
If skilled machinists with advanced computer training and computer operated lathes are complements in production in high tech manufacturing but computer operated lathes are substitutes in production for machinists without computer training (unskilled..
Hot or Cold: Is Communicating Anger or Threats More Effective in Negotiation. Are threats or anger more effective in negotiation? Please discuss the authors’ findings on the issue, and provide your own input based on the experience.
Consider a small open economy that maintains a fixed exchange rate. Explain what effects a reduction in the interest rate that prevails in world financial markets would have on each of the following domestic variables after the economy has adjusted t..
Assume Okun's law holds also a one percent (%)age point rise in the unemployment rate reduces real output by 2% of full-employment output. The expectations-augmented Phillips curve.
Nonmarket work includes time spent
The unemployment rate is an example of a Federal Reserve
Two friends Diane also Sam own also run a bar. Diane tends bar on Monday Wednesday also Friday also receives wage in addition to tips.
Think about a product that you have purchased recently (e.g. soda, diapers, takeout meals, milk, shoes, manicure/pedicure, video game, etc.)
Your demand for minutes of calling is given by the equation: Q_d = 150-50*P, where P is the price of a minute. illustrate what is the cost of an extra minute on the phone.
Explain how do these two relate to each other in the Circular Flow Economy and to the Government and Foreign Sector components.
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