Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: A productivity boom: Suppose the economy exhibits a large, unexpected increase in productivity growth that lasts for a decade. Policymakers are (quite reasonably) slow to learn what has happened to potential output and incorrectly interpret the increase in output as a boom that leads actual output to exceed potential. Suppose they adjust macroeconomic policy so that the mismeasured level of short-run output is zero.
(a) What happens to the true amount of short-run output Y ?
(b) What happens to inflation over time?
(c) This problem outlines a concern economists have had in recent years after the large increase in productivity growth that started around 1995. Now consider the opposite problem: suppose productivity growth declines for a decade. What would be predicted to happen? Has this ever happened to the U.S. economy?
What is the consumption function and how is it related to the Marginal Propensity to Consume? 2. What is the multiplier? 3. What determines the position of the Long Run Aggregate Supply curve? 4. What is a supply shock? Give several examples.
The following figures are based on budget estimates of Government of India for the year 2001 – 2002
Calculate the equation for Sara's budget line (with bags of popcorn on the left side). Draw a graph of Sara's budget line with the quantity of smoothies.
Assume initially that the demand and supply for premium coffees (one-pound bags) are in equilibrium. Now assume Starbucks introduces the world to premium.
When war broke out in the Middle East, many markets were affected. Most of the worls's oil production takes place in this region and what happens in the market for oil; and (ii) what happens in the market for sports utility vehicles as a result of ..
Prepare a summary that includes the negative effects on the natural world, how technology was used, and the benefit to the corporation.
Consider a region with 2 export products (saxophones and soccer balls) and 2 local goods (haircuts and music concerts). The production of each export good is subject to localization economies, so each city specializes in one export good.
The coefficient of income in a regression of the quantity demanded of a commodity on price, income, and other variable is 10. Compute the income elasticity of demand for this commodity at income $10,000 and sales 80,000 units
Using the efficiency criterion, carefully analyze the problem faced by the EPA in identifying haz- ardous air pollutants prior to the 1990 Amendments.
The New York Times cost $0.15 in 1970 and $2.00 in 2011. The average wage in manufacturing was $3.36 per hour in 1970 and $23.09 in 2011. by what percentage did the price of the newspaper rise? by what percentage did the wage rise?
What are examples of firms in an oligopolistic market that abuse their power? Explain how they abuse their power and describe the impact on consumers.
In your own words, how would you summarize opportunity cost? How does the concept of opportunity cost apply to this decision? Explain in a brief paragraph.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd