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1. If you are the chief economist of a country experiencing high unemployment and flat GDP, what macroeconomic policies might you enact in response to these economic conditions? How would you suppose that these strategy changes to impact the economy?
2. An economy achieves macroeconomic equilibrium, explain how? How high level inflation have a macroeconomic equilibrium?
3. Joe manufacturer construct a product that sells for $1,000. In the production process, he pays $750 for wages, $125 for materials, and $ 75 for rent. Three-fourths of Joe's o/p is utilized and the rest is invested.
Clarify about both the flow of product approach and wages approach which can be used to compute GDP also the role profit plays in these calculations. Compute GDP for Joe using both the product and income approaches and show how they must agree.
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
Listing different orderings and coalitions is not going to work for this problem because there are too many possibilities, excluding you can use different tools which we have discussed in class.
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
The Marginal Product of Labor and the Marginal Product of Capital are given.
What s the general pattern of the US income distribution over the last century. Explain about the timing of the changes.
Old Economy Traders opened an account to short sell 1,300 shares of Internet Dreams at $46 per share
Assume that you own a 10-acre plot of land that you would like to rent out to wheat farmers.
Find Equilibrium GDP (Y). If potential GDP is 1950, is the economy in a recessionary or inflationary gap. Suppose that the MPC, falls to 0.75, so C = 0.85DI. Find Equilibrium GDP.
the demand for electricity and the concept that nuclear is cleaner than coal and who the special interest groups are that's involved
Discuss the importance of a well-developed compensation plan in attracting as well as retaining good employees as well as how to keep those plans from "working too well."
If the marginal cost of planting and harvesting an acre is $7000 per acre for each of the five acres, how many acres should the farmer plant and harvest.
Illustrate on your graph and in words all important points and areas on the business cycle.
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