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Recently, in an effort to boost the economy, the government of South Korea declared Friday, May 16th as a temporary public holiday to link the annual Children's Day with the subsequent weekend, creating a 4-day period of public holidays.
Draw an aggregate-demand / aggregate-supply diagram to show the short-run effect of this decision on the economy. Label the new levels of prices and real output. Explain in words why the aggregate quantity of output supplied changes.
Now use the diagram from part (a) to show the new long-run equilibrium of the economy. (For now, assume there is no change in the long run aggregate supply curve.) Explain in words why the aggregate quantity of output demanded changes between the short run and the long run.
How might the investment boom affect the long run aggregate-supply curve? Explain using the same graph above. You must compare the new results with your answer in part b.
Calculate an 89% confidence interval for the true mean number of sheep counted by insomniacs.
rate related problems.the distance s in feet covered by a car t seconds after starting from rest is given by st
Suppose you buy 1 ticket for $1 out of a lottery of 1,000 tickets whre the prize for one winning ticket is to be $500. What is your expected value
Each occupied unit requires an average of $65 per month for service and repairs. What rent should be charged to obtain a maximum profit?
A ball is thrown vertically upward with an initial velocity of 48 feet per second. If the ball started its flight at a height of 8 feet, then its height s at time t can be determined by: s(t)=-16t squared +48t+8.
Resource-transfer effects, employment effects, balance-of-payment effects, and effects on competition and economic growth are the major benefits a country receives from inward FDI.
Probability - birthday, What is the probability that at least 2 of the 435 members of the House of Representatives have the same birthday
Prove that the regression line passes through the centroid
A dealer offers a computer software program whose list price is $500 at a 19% discount. She will give an extra 3% discount if paid in cash. What is the selling price if payment is made in cash?
Prove that if f is a differentiable function with f´(x) > 1 for all x, then there is at most one c such that f(c) = c. [Use the Mean Value Theorem]
The rabbit population in a forest arear grows at the rate of 7% monthly. if there are 190 rabbits in July, find how many rabbits shouls be expected by the next July. Use y=190(2.7)^0.07t.
A bowl is shaped like a hemisphere with diameter 30 cm. A heavy ball with diameter 10 cm is placed in the bowl and water is poured into the bowl to a depth of h centimeters. Find the volume of water in the bowl.
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