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What is the relationship between inflation and unemployment? What would happen to inflation if the unemployment rate would decrease? Make sure to explain your analysis.
Suppose you are asked to evaluate a policy that addresses urban smog problem in the Chicagoland area. This policy is one of the several ozone-reducing policy options evaluated using cost-benefit analysis.
Assume that the federal government increases spending on public works programs, such as highway construction, by $40 billion. How does this change in spending affect the aggregate demand curve? Explain why the shift may be higher or lower than the or..
Suppose that government spending is raised at the same time that the money supply is lowered. What will happen to the position of the aggregate demand curve?
Illustrate what would happen if CPI decided to raise prices unilaterally in this toothpaste market.
The mine operates on a three shift depends per day , 6 days a week. Allows for availability the mining system operates 5,000 hours per year.
Joe Donaldson deposited $80,000 in his new business. Prepare all entries related to above transactions.
What can you say about the relationship between marginal revenue and marginal cost for output rates below the profit-maximizing (or loss-minimizing) rate? For output rates above the profit- maximizing (or loss-minimizing) rate?
Comparing the different models of pure (perfect) competition and oligopoly, what will be the effects or difference between the two in relation to efficiency of scarce resources
Reflecting back on what you learned about sustainable management practices throughout this quarter; determine 5 activities that illustrate sustainable management of resources that you pursue in your everyday life.
Using the dynamic augmented Phillip's Curve model (Y/PC/MR), demonstrate the effects of the Following changes. Show both the short-run and long-run effects.
Calculate the arc price elasticity of demand over this price and consumption quantity range.
A software maker has fixed costs of $18,000 a month and her Total Variable Costs as a function of output Q are listed below;
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