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There are several determinants of aggregate supply that can cause the aggregate supply curve to shift.
a. Describe those determinants and give an example of a change in each.
b. Draw and label an aggregate supply diagram that illustrates the effect of the change in each determinant
At the same time, between March 2001 and April 2003, employment declined almost continuously with a loss of over 2 million jobs. How is it possible that output rises while at the same time employment is falling?
Use the annual maximum wind speed data to construct a histogram. Is the histogram approximately symmetric, positively skewed, or negatively skewed? Would you describe the histogram as unimodal, bi- modal, or multimodal?
In this context, what is meant by the statement that x3, is endogenous
Find the new equilibrium interest rate (r). Graph the answers to b) and e) above and briefly explain the graph. Be sure to label the axes , curves, equilibrium interest rates, equilibrium levels of private investment, and national savings.
Compute the value of the deadweight loss associated with having an unregulated monopoly relative to having a regulated monopoly where a price is permitted that covers ATC.
Explain your answer, using hypothetical figures for the current and non-reserve financial accounts. Be sure to discuss the possible implications for official international reserve flows.
What is the consumption level of the consumer in such a case? Provide an interpretation of this possibility.
In the linear breakeven model, the relevant range of output is that range where the linearity assumptions of the model are assumed to hold.
If the Census Bureau starts with a measure of pre-tax money income and then adds the value of health insurance fringe benefits paid by businesses for their employees, as well as the value of net capital gains, how does the Gini ratio change?
Moorea spends all of her income on Mochi Frozen Yogurt which costs $1 per cup. She makes $400 per month but lives in a bad neighborhood and is robbed of half her money 20% of the time. Assume YN and YR represent her consumption of yogurt in cups..
If the firm only needs the machine for 5 years. Assuming a salvage value will be $8,000 for Machine A, $15,000 for Machine B at the end of 5th year, which alternative should be selected when using present equivalent cost comparison
How would you use data from foreign exchange market to decide between these two hypotheses?
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