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Short-run and long-run with Philip Curve
Provide a theoretical and graphical explanation of the Philip Curve. Distinguish between short-run and long-run and consider the role of expectations and credibility and the natural rate of unemployment.
Which of the following goods or services would be most likely to be subject to (1) external economies of scale and (2) dynamic increasing returns? Describe your answers.
Explain why does the magnitude of price elasticity differ in a and b above, although the same set of price-quantity combinations are used to compute the price elasticity of demand
It all begins two years ago when the officials in Plentiful decided to raise the tipping fees at their Raw End
Is the company charging the optimal price for the product. Demonstrate how you know.
Ms. Fogg is planning a trip where she plans to spend $10,000-What is the maximum amount that Ms. Fogg is willing to pay to insure the $1,000?
What is the total amount of US government debt as of the time you look it up?
Assume as a professional economist debate about the wisdom of pursuing discretionary fiscal policy.
What is the share of Household A's income spent on education? Does this household consume more or less education if EF = 20 is provided by the government? What is the share of Household B's income spent on education?
To maximize total income should the price be increased or decreased
What is Nash Equilibrium output for his supposing that the two firms choose their production quantities simultaneously?
Aztec depends heavily on advertising to sell its products. Management at Aztec is allowed to spend $2 million monthly on advertising-What is Aztec's elasticity of demand for advertising?
What were some of causes of stagflation of 1973 and 1979? In what ways were these episodes of stagflation different from great depression of the 1930s?
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