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1. (Figure: Actual and Natural Rates of Unemployment) Look at the figure Actual and Natural Rates of Unemployment. In 2014 the output gap was:
• positive• negative• zero• impossible to determine without more information
2. If potential output is higher than actual output, then the unemployment rate is:• zero.• above the natural rate.• equal to the natural rate.• below the natural rate.
3. (Figure: Expected Inflation and the Short-Run Phillips Curve) Look at the figure Expected Inflation and the Short-Run Phillips Curve. Suppose that this economy has an unemployment rate of 6%, inflation of 2%, and an expectation of 2% future inflation. If the central bank decreases the money supply such that aggregate demand shifts to the left and unemployment rises to 8%, then inflation will:
• rise to 4%.• not change.• rise to 2%.• fall to zero.
four mutually exclusive projects are being considered for a new two-mile jogging track. the life of the track is
Illustrate what yield curve shape is depicted if intermediate term tresury securities yield
Make sure you give complete definitions andexplanations for this set of questions. When dealing with thedecrease in income, you will want to talk about the effects on thebudget constraint and the consumption bundle of the consumer. Remember, there ar..
Price benefit analysis of an irrigation project describes the ratio of the discounted current value of benefits to costs is less than one.
As an industry moves from being a monopoly to a monopolistically competitive one (due to the entry of new competitors as the monopoly's patents expire, for example), what happens to the elasticity of the demand curve facing the firm
The problem belongs to Economics and the problem is about a report on the 2008 National Trade Estimate Report on Foreign Trade Barriers on specific country.
tlc lawn care inc. provides fertilizer and weed control services to residential customers. its seasonal services
Jason enjoys DVDs and spy novels and spends $60 a month on them. The price of a DVD is $20 and the price of a spy novel is $10. a. What is Jason's real income in terms of spy novel?
Next assume that the price of a substitute resource increases, other things constant. What happens to demand for labor What are the new equilibrium wage rate and employment level What happens to economic rent
Illustrate what is the amount of the producer surplus for Juan Carlos combined.
this problem examines the effect of consumption taxes on labor supply. consider a consumer with utility functionuc l c
he country's policymakers decide to use Keynesian demand management policy to try to get to full employment. How much should government spending change?
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