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1. In?ation and unemployment are two crucial economic items of interest to the public. Is it possible to explain one without the other? Present at least one theory that explains each independently of the other and one theory that establishes their interdependence. Is there a genuine difference between these theories or do they merely represent a distinction between the impact and long-term effects of an exogenous change to their determinants?
2. Present a model with rational expectations and the Friedman-Lucas supply function. If policy makers and the public have the same information, can stabilization policies in a stochastic context change aggregate demand and output (i) in the short run, (ii) in the long run?
For every subscription purchased, the magazine gets $20 in advertising revenue. Taking into account the revenue from advertising, should the publisher lower or raise its annual subscription price p? What should the new profit maximizing level of p..
over the past 12 months the four winds novelty company firm has recorded its internet sales equals monthly output
Company M and N compete for market and decide independently how much to advertise. Every one can expend either $10 million or $20 million on advertising.
Choose a market for a good in your area that seems to be a perfectly competitive market. Write four or five substantive paragraphs that describes the market and answers the following questions: Identify the buyers and sellers as well as the goods o..
suppose we are given the constant returns-to-scale ces production function q k l1 where k represents capital and l
Which of the following is a condition required for the practice of price discrimination?
Indifference theory can explain all rational choices and behavior and try the theoryout on this situation. Suppose the only consideration for couples to have a bby or not was money. If a baby costs $8,000 a year.
Economists argue that appropriate corrective taxes or tradable pollution rights will result in efficient pollution reduction. how do these approaches target the firms that should undertake bigger reductions
store-front web sites make money like many traditional business by selling products or services for a pre determined
Implement an aggregate production plan, are there any additional changes that could be made to reduce inventory and improve inventory control at Wilkins?
to determine the appropriate landing speed of an airplane the formula d.1x2-3x22 is used where x is the initial landing
consider that following short-run production function where l variable input q outputq 10l - 0.5 l2suppose that
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