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Q. Consider the following extended classical economy (in which the misperceptions theory holds):AD Y = 300 + 10(M/P).SRAS Y = ?+ P - P^eOkun's law (Y - ?)/? = -2(u - u)Full-employment output ? = 500.Natural unemployment rate u = 0.06.
a) Assume which the money supply M = 1000 and which the expected cost level P^e = 50. Illustrate what are the short-run equilibrium values of output, Y, the cost level, P, and the unemployment rate, u? Illustrate what are the long-run equilibrium values of these three variables?
b) Now Assume which an unanticipated increase raises the nominal money supply to M = 1260. Illustrate what are the new short-run equilibrium values of output, Y, the cost level, P, and the unemployment rate, u? Illustrate what are the new long-run equilibrium values of these three variables? In general, are your results consistent with an expectations-augmented Phillips curve?
if korean exports to the united states decline by 15 billion by how much will cumulative korean spending drop if their
When a industry's marginal revenue product equals the income rate, marginal revenue also equals marginal cost.
Choose a company whose stock is publicly traded on a United State stock exchange. What strategic changes has this company made over the last 18 months to respond to changing macroeconomic conditions?
Select one topic from below. This will be the subject you will research you will need to comprise an outline, a rough draft also the final draft.
1. Discuss the mission, vision, values, and goals of Walmart. Relate and connect this to the case reading, chapter 1, frontline video and corporate website for Walmart. 2. Do you think vision, mission, goals, or even values take the lead role at W..
Find the value of X such that the loan is fully repaid with the last payment. b) What is the dollar amount of each of the five payments ? c) Find the value of all the intrest paid to ken ?
Illustrate what was the marginal cost of the 251st unit of output.
q.a purely spirited wheat farmer can sell any wheat he grows for 20 per bushel. his 5 acres of land show diminishing
q.this question uses the general monetary model where l is no longer assumed constant and money demand is inversely
the top ten percentile cutoff was 95 points. a. What is the standard deviation for the class? b. What percentile did you score in?
While virtually anyone with a degree in college chemistry could replicate the industry's formula, due to the relatively high cost, Semi-Salt has decided not to apply for a patent.
Suppose that a golf club is designing a two-part tariff pricing mechanism in order toincrease profits. Suppose there are two types of golfers, mad-golfers and normal-golfers
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