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Question 1.
What do you understand by the terms 'inflation' and 'unemployment? Identify their main elements and causes. What is the relationship between inflation and unemployment? Use diagrams to answer the question.
Question 2.
Collect and graph for Australia and two other countries values of inflation rate and unemployment rate over the last five years period.
Question 3.
What do these statistics that you have reported in question 2 above, suggest about Australia's and other two countries performance in controlling inflation and unemployment. Why have these countries had this inflation and unemployment experience?
Utilize a various example from homes and cars. Be creative. We make these kinds of choices everyday.
Find out two articles that discuss the local, state, or federal taxation of a good. Describe the effects of taxation and price controls on the economy.
Campbell's sells used trailers, U, and new trailers, N. Its profits are given through Õ = 100N + 68U - 5N2 - 5U2 - 2NU. Determine Campbell's maximum profit is
What are major reasons for government involvement in a market economy such as the software industry (e.g. externalities, increasing returns to scale (failure of perfect competition), absence of futures and insurance markets, failure to attain full..
Steve plans to take the contract that provides him with the highest net present value. At what discount rate would he be indifferent between the two contracts.
Using the concept of opportunity cost, explain why in developed countries with higher average incomes there is more support for costly environmental controls.
Describe the maximum and minimum amounts that can be produced
Suppose further that people want to hold 8 percent of their deposits in the form of cash. Then, if the Fed wants the money supply to be $6,228 billion, what is the necessary level of high-powered money?
which are the endogenous variables (y & x3) and the exogenous (Z, X2). also which equation is identified or not identified or overidentified, an explination as to why this is would be great.suppose you have the following simultaneous equations mode..
suppose Arnor and Gondor are two very similar countries that started out with identical population, technologies, etc. except that Gondor has a much higher mortality rate due to a more hazardous geographical location.
Jessica has $10,000 invested in corporate bonds with a stated interest rate of 8 percent and $10,000 in tax-exempt municipal bonds issued for governmental activities with a stated interest rate of 6 percent.
Explain the aims of counter cycliceal policy. Show how governments might achieve these aims by using the instruments available to them
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