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Draw a graph with a steep Phillips curve and a graph with a gently sloped Phillips curve.
A) Explain how the two economies respond differently to a boom and to a slump.
B) What are some factors that might influence the slope of the Phillips curve?
C) Do you think the slope of the Phillips curve has changed over time in the U.S. economy? Consider the United States in the 1970s versus today.
Over the past fifteen years the Heritage Foundation and Wall Street Journal have joined forces to make an annual Index of Economic Freedom.
Illustrtae what is the difference among cost-push and demand-pull inflation.
A profit-maximizing company operating in a perfectly competitive market can sell products for $100 a unit. The company has a cost function represented by:
Your analyst tells you that he has estimated the following linear regression model of your company's long run technology:
Find two articles about a macroeconomic problem currently in the news from either a newspaper or news magazine.
Use both an individual's indifference curve and budget line, and the aggregate labor supply curve to explain and illustrate your answer.
Cheaper used textbooks raises the marginal cost (MC) of attending CSULB. c. Cheaper used textbooks lowers the marginal benefit (MB) of attending CSULB. d. Cheaper used textbooks raises the marginal benefit (MB) of attending CSULB.
Assume that price level is fixed in the short run so that the economy does not reach general equilibrium immediately after a change in thee economy.
Explain why government regulation is needed, citing the major reasons for government Involvement in a market economy and justify the rationale for the intervention of government in the market process in the U.S.
Prove that a risk-averse von Neumann-Morgenstern perticular will over-insure, fully-insure, or under-insure according as the insurance is available
Consider a world of two countries; Highland (H) and Lowland (L). Each country has an average output of 9 and desires to smooth consumption. All income takes the form of capital income and is fully consumed each period. There are two states of the ..
Illustrate can be said concerning eCommerce (such as Amazon and other online stores) and individual behavior vs traditional storefront retail and individual behavior.
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