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In 2008, the Federal Reserve faced a decrease in aggregate demand caused by the housing and financial crisis and a decrease in short-run aggregate supply caused by rising commodity prices, particularly an increase in oil prices.
a. Suppose the Fed responds quickly to these shocks and adjusts monetary policy to keep unemployment and output at their natural rates. What action would it take?
b. Given the situation posed with the rising oil prices, why might the Fed choose not to pursue the course of action described in part (a)?
Assume that Nancy Pelosi declares that clay fire pits are causing global warming, and demand for fire pits shrinks substantially in the U.S.
Suppose the government decides to increase income tax by 10 percent in the economy which will affect the working class. explain the trade off which will take place between equity and efficiency due to this decision by the government
Write the Structural VHDL code of the BCD to 7-segment decoder based on the circuit diagram attached. The code should begin with declaring and defining all of the components required in the circuit.
Question 1: Provide a fully articulated Lorenz Curve Model showing each of these two nations (both on the same model). Question 2: What is the Gini Coefficient for Mira? (Remember to convert all percentage to decimal equivalents and to carry to th..
1. Who was the first administrator-statesman to attempt planning as a means for economic development?
Discuss how these variables can affect the demand for your product or industry and what methods could be used to estimate the effect of these variables.
Financial intermediaries are pretty crucial in the market for loanable funds. What are some examples of financial intermediaries in the market for loanable funds?
i) Explain how this arrangement help to deal with the problem of moral hazard? ii) Explain how this arrangement help to deal with the problem of adverse selection?
an individual has to choose between investment a and investment b. the individual estimates that income and probability
Write down an equations for total revenue and marginal revenue.
Which type of firm faces the most elastic demand curve? In which of market structures are firms able to earn both accounting and economic profits in the long run?
A suggested approach is to begin with a workstation running a web browser and trace a connection to a public web server (i.e. facebook; eBay; etc).
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