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1. "In response to demand shocks, short-term quantity adjustments occur earlier than price adjustment at the level of both the ?rm and the economy." Discuss the relevant theory behind this statement. Also, discuss its empirical validity at the macroeconomic level.
2. Discuss in the context of the effective demand and Phillips curve Keynesian models: excluding dynamic effects, an increase in the stock of money and a fall in nominal wages have essentially the same effects at a time of involuntary unemployment.
3. Discuss in the context of the neo- and new Keynesian models: excluding dynamic effects, an increase in the stock of money and a fall in nominal wages have essentially the same effects at a time of involuntary unemployment.
Sergei is a computer programmer with a utility function equal to U=Y+120L-L . He contracts with Uber that allows him to set his own work hours; they pay him $50/hour. He has allocated himself a work-hour time budget of a maximum of 250 hours per mont..
Evaluate the following statement: Even if the prices of a large number of goods and services in the economy increase dramatically, the real GDP for the economy can still fall.
Why would someone want to buy Treasury Bills as opposed to investing in mortgage backed securities? Explain in terms of risk factors
1.Which of the following is the path through which contractionary monetary policy works? Money down implies interest rate down implies investment up implies income down. Money down implies interest rate up implies investment up implies inco..
Evaluate price elasticity of demand
for this project you are required to read and analyze 5 recent articles from the wall street journal each covering a
These multiple choice problems related to Economics and the first problem is about monopoly with marginal revenue and cost given for a level of output. The second problem is about Herbert Simon's views.
a software producer has fixed costs of 20000 per month and her total variable costs tvc as a function of output q are
Citrus Speculation and Forecasting, Corporation, has been employed by a private consortium of orange growers to forecast what will happen to the price and output of oranges under the situations listed below.
write a 2 page essay exploring the intellectual gifts of islam. in the end what was islams attitude towards the
Current performance of the U.S. Banking Industry a. Comparison between U.S. Banking Industry vs. other large economies. i. European Union ii. ii. United Kingdom b. Problems they are facing right now. c. Evaluate the current situation.
Critique or defend two (2) of Jevons' views on public policy. Substantiate your position with evidence of the success or failure of current public policies favored by William Stanley Jevons.
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