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Macropoland, a country that is a natural gas and oil importer, has a natural rate of unemployment (at the full employment level of GDP) that is about 4.5%, and the long run average rate of inflation over time has been about 2%. However, during the period 1973-1974, the country experienced an inflation rate of about 15% while simultaneously experiencing unemployment of nearly 13%. At the present time, Macropoland is experiencing very sluggish consumption and investment (a result of a fall in the housing market), and unemployment has again edged up to around 9%. Inflation is very low at 0.4%. Macropoland has just hired you as their economic advisor. You have a big job ahead of you. Using your knowledge of aggregate demand and aggregate supply, can you explain what happened in these two time periods?
"Real wages for Mexican industrial workers declined 13.5% since 1994." "Over 500,000 U.S. employees have lost their jobs after their companies moved to Mexico." "Mexico has lost over 1 million farming jobs."
The Microsoft trial has been one of biggest investigations of antitrust behavior since turn of the century. Supporting the governments side research and present a cohesive argument to the other side.
Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed? What are the different price points? Using this information, draw a fully labeled graph of the market for movies in ..
a) Briefly explain why each of the following would cause the Aggregate Demand curve to shift to the right(an increase), or to the left(a decrease):1) an increase in housing prices 2) a decrease in interest rates 3) expectations that the economy wil..
Submit a paper critiquing three evidence-based healthcare articles (200-250 words per article). These should be current issues in health care, meaning they should not be more than five years old.
Describe why the United States would subsidize short run cost of production for tobacco farmers in foreign nations. Do these practices guarantee the tobacco farmers a profit in short run?
Assume that the Bank of Canada decides to expand money supply. Explain why would it be counter productive for the Bank of Canada to fix the value of the exchange rate?
As with many companies, it has attempted to expand internationally. Click to view all the countries where Kellogg can be found. Take a look a few of the websites for Kellogg Company in other countries.
Since Fall of 2012, the price of oil has shown a steady decline as continued increase of global oil production that has far exceeded the rising demand for oil. Accordingly, many analysts in the energy field have had predicted the likelihood of fur..
The federal reserve arranges to make lonas to a banks automatically whenever an economic down-turn beginsB.) As the economy heats up, the resulting increase in equilibrium income immediately results
At the moment, the market is completely ignoring things like record U.S. trade deficits and the widening current account deficit. It is also largely ignoring the possibilty of Fedral reserve rate cuts.Traders and investors are insted focusing only..
Assume that nominal interest rate on 3-month Treasury bills is 8 percent in the United States and 6 percent in the U.K., and the rate of inflation is 10% in the United States and 4% in the U.K.
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