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What is the Phillips curve? Understand why positive unexpected inflation is associated with a negative output gap and vice-versa. Understand why combining the Phillips Curve with adaptive expectations of inflation means that Y above Y* will mean ever-increasing inflation and Y below Y* will mean ever-decreasing inflation.
Suppose the restaurant’s cost function for shrimp balls is C(Q) = 2500 + Q + Q2, and the marginal cost curve is therefore MC(Q) = 1 + 2Q. What is the variable cost function? What is the average variable cost function? What is the average cost functio..
Define actual and potential, expenditures, taxation, aggregation supply, aggregation demand, AS curve, AD curve. Equilibrium of AS and AD sources of long-run economic growth
What factors will contribute to the riskiness of these bonds.
the manufacturer of perfume enters into agreement with several distributor about the price at which the distributors can resell the perfume. The manufacturers who do not agree to the pricing suggestion are not able to sell the perfume.what is The..
There are two large drawers, filled with cluttter of miscellaneous objects. Player 1 hides a pearl in one of them. Player 2, a burglar then has one minute to open an drawer and look for the pearl. If he opens Drawer A and the pearl is there he finds ..
Explain how does the trade deficit affect U.S. economy. Explain how does it affect the firm or organization you work for.
What are the three actions that the federal government can take to fight recession using fiscal policy?
What are transnational corporations and how are they different from other business firms Why have the MNCs become more important in international political economy during the past three decades What kind of economic and political impacts do they have..
For retirement planning, you decided to deposit $1,000 per month and increase your deposit by $100 per month. How much will you have at the end of 10 years if the bank pays 3% annually, compounded monthly?
To prevent financial crisis, the central bank lowers the _______, which should _______. During the financial crisis, many borrowers defaulted on their loans and put many institutions at risk of failure. Policymakers could prevent failure by: To restr..
A producer of ballpoint pens has been purchasing ink from an ink supplier and is considering acquiring the ink supplier. Would the pen company be more or less likely to vertically integrate by buying the ink manufacturer if the government taxes ink? ..
How can good management practices be useful in a global economy? Why would an investor care if there is good management practices? Using US steel as an example how would good chinese management practice influence this US Company?
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