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Draw a correctly labeled graph illustrating a long-run aggregate supply curve
a.Illustrate an increase in long-run aggregate supply
b.What could have caused the change you illustrated in part A?
What will happen to real GDP and to the amount of labor employed, aggregate consumption, and aggregate savings? Compare these results to those predicted by the equilibrium business cycle model developed by Barro throughout the text.
787b stimulus bill approvedwashington-less than one month after president obama took office congress last night passed
For the past few years, Cuban baseball players have been leaving their country illegally to play professional baseball in the United States. (Ex. Yasiel Puig, Rusney Castillo, Jose Abreu). What laws in Cuba are restricting them from leaving legally? ..
Illustrate what is the elasticity of demand if you raise the price of your airline's tickets by 6% also the number of tickets sold decreases.
Ben Bernanke, the ex-chairman of the Fed, dubbed the few years preceding the financial crisis of 2007-08 a period of:
Suppose there are two types of customers for a cell phone service: undergraduates (U) and grad Students (G). The aggregate (inverse) demand curve for undergraduates is PU = 100 − 0.25QU and the aggregate (inverse) demand curve for the graduate studen..
Most people spend some of the time in the majority and some of the time in the minority, but overall they consider themselves to be one or the other. Determine whether or not you are going to consider yourself a minority or majority for this question..
Classify each of the following scenarios as an example of adverse selection or moral hazard. Be sure to support your answer! Nordstrom†TM s cannot predict who is going to be a good shoe salesperson.
q.pretend you were hired to lead the presidents council of economic advisers in 2009. using the macroeconomic
Suppose the demand for seats at the NFL combine is given by Q=4000-10P. The marginal cost of an additional fan attending the combine is zero. Calculate the optimal number of tickets the NFL should sell to the event. Then indicate whether the NFL coul..
Assume that labor demand for low-skilled workers in the United States is: w = 24 – 0.1E where E is the number of workers (in millions) and w is the hourly wage. Assume there are currently 120 million domestic U.S. low-skilled workers who supply labor..
Four-Square Construction Company enters into a contract with Ben to remodel Carol's Home Store, using products from Delta Building Supplies. Eatery Café is next to Carol's Home Store. The remodeling is a gift from Ben to Carol. Delta will realize a p..
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