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Question: Okun's law: Suppose the economy has a natural rate of unemployment of 6%.
(a) Suppose short-run output over the next 4 years is +1%, 0%, -1%, and -2%. According to Okun's law, what unemployment rates would we expect to see in this economy?
(b) Consider another economy in which the unemployment rate over the next 3 years is 6%, 7%, and then 4%. According to Okun's law, what are the levels of short-run output Y in this economy?
Complete the following. Include your references using APA formatting. Write the definition for each of the following: Law of Demand, Law of Supply and Price Elasticity of Demand
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Consider an infinitely repeated Cournot duopoly with discount factor 0, and inverse demand functions p(Q)=a-bQ, with a>c and b>0. Find the condition on the discount factor, for which the two firms could successfully collude over the monopoly output ..
Using the marginal approach to maximise profits, find the price that monopolist would charge to maximise its profit. What is the level of profit maximising output?
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A city government is considering increasing the capacity of the current waste-water treatment plant. the estimnated financial data for the project are as follows: Calculate the benefit-cost ratio for this capacity expansion project.
you are the manager for dunkin donuts and know the following
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A consumer’s utility function is U(x, y) = 2xy2 . The price of x is Px, theprice of y is Py, and the consumer’s income is I. (x and y do not have to be integers.)a) Derive the equation of the consumer’s demand curve for x.b) With y on the vertical ax..
Identify policies or regulations at the local, state, or national level that could potentially affect your business. What are the reasons for these policies or regulations
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