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Rational Expectations
Using an AD-AS diagram, illustrate the short-run effects on prices, output, and unemployment of an increase in the money supply that is correctly anticipated by the public. Assume that the economy is initially at potential output
How many "spells" of unemployment occur each year in this economy? What percentage of the "spells" are only one month long?
A company produces two main products: electronic control device3s and specialty microchips. The average total cost of producing a microchip is $300; the firm sells the chips to other high-tech manufacturers for $550. Should the company produce con..
Use a production possibility frontier to illustrate the probable results of your fiscal policy. By how much did consumption change? By how much did savings change?
Using indifference curve analysis, explain and show graphically the effects of higher gasoline prices on:
Do you think that the World Bank is orientating its action in a right way or not and if not, any ideas of how to redefine its action.
Make a table and graph of Crusoe's production function. Find out the Marginal product of labor for Crusoe at different quantities of labor.
Provide reasons to explain what the government would have to do to keep the unemployment rate
Describe current economic crisis growing unemployment which have impact on price elasticity of health care demand.
Illustrate what is the labor variance for the month. Illustrate what is the labor efficiency rate for the month.
Show such data graphically. Upon what specific assumptions is this production possibilities curve based? If the economy is at point C, what is the cost of one more automobile? Of one more forklift? Describe how the production possibi..
Suppose the emarginal cost of producing the good in before question is aconstant $ 10 per unit of output . What quantity of output will the firm produce.
Assume that Japanese and U.S automakers produce on identical isoquats. Wages are higher in Japan than in the United States.
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