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"If expectations adjust quickly to changes in economic circumstances, including changes in economic policy, then it is easy to start an inflationary episode. But under the same conditions, it is also easy to stop inflation." Discuss. If true, what implications might this finding have for economic policy?
Suppose that the eye doctor offers senior residents a discounted price for an eye exam. The demand function for senior residents is Qs = 50 - Ps, and the demand function for the general public is Qg = 60 - Pg. The marginal cost for an eye exam is ..
if an ammonia plant that produces 500,000 pounds per year cost $2,500,000 to construct eight years ago, what would a 1,500,000 pound per year plant cost now Suppose that the construction cost index has increased an average rate of 125
You want to estimate whether there is a relationship between gender and smoking at your university. In spite of these large differences, all three models yield similar estimates of the marginal effect of gender on the probability of smoking. How ca..
1. aggregate output is produced with population of workers grows according to capital stock evolves according to and
a. If the interest rate is 35%, what is the maximum you can spend in the current period b. Id the interest rater was lower, you probably would be able to spend more than that. What would be the max interest rate that would allow you to spend $225 ..
Create a tax plan for the future redemption of the client's stock owned in the construction company that will not be taxed according to Section 301 of the IRC
Suppose the dollar interest rate and the pound sterling interest rate are the same, 5 percent per year. What is the relation between the current equilibrium $/£ exchange rate and its expected future level? Suppose the expected future $/£ exchange ..
Hernandez Corp. uses two variable inputs, X and Y, to produce its final product, canoes. Its engineering department has estimated the marginal product functions for inputs X and Y as follows: MPx = Y/X MPy = 4 X/Y Where X and Y denote, respectivel..
From 1969 to late 1970, real GNP grew by more than $40 billion and employment ( the number of jobs) grew by 1.6 million, but the unemployment rate nearly doubled, from 3.4 percent to 5.9 percent. How can that be
What is the expected value and variance of R b. You are considering investing $150 in this asset. After 1 year, the value will be $150(1+R). What is the expected value and standard deviation of the value of your asset in 1 year
Consider the short-run situation of a market with three identical firms producing homogeneous outputs. Each firm's total cost function is C(q) = (1/2)q2, where q 0 is a possible output. Market demand is given by Q(p) = 2-2P a. Find the best respon..
a. a power level of 100 W is 6 db above what power level. b. determine the dBm level for an output power level. c. find the output voltage of an amplifier if the applied voltage is 20mV and a dBv gain of 22 dB is attained.
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