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Keynes (1936) argued that, from a policy perspective, everything that can be achieved by a nominal wage cut can be more effectively achieved through an appropriate monetary policy.
(a) Does this statement hold in the de?cient-demand Keynesian model for a negative shock to (i) aggregate demand and (ii) aggregate labor productivity?
(b) Does this statement hold in the new Keynesian model for a negative shock to
(i) aggregate demand and
(ii) aggregate labor productivity?
discuss the risk importer exporter lms and how to overcome it in each of the following economic conditions fluctuations
Show that if oil is produced from two reservoirs, one with high marginal cost and one with low marginal cost, it is not possible for the Hotelling rule to be satisfied for each reservoir simultaneously. Give two reasons that oil might be produced ..
create a 2 page analysis by answering the questions below. be sure to cite your references using apa format. assume
Many suppliers experience economies of scale as output expands, which implies that long-run average costs are falling. At very high levels of production, however, many firms are likely to experience diseconomies of scale.
Find the quantity, price and profits in equilibrium. Calculate the consumer surplus. Are consumers better off or worse off in this situation than in (a)?
"Some economists worry that the aging populations of industrial countries are going to start running down their savings just when the investment appetite of emerging economies is growing" (The Economist, May 6, 1995)
it is often claimed that hospitals compete for physicians rather than patients. assuming this is true how does it occur
Consider the higher education industry (traditional on-campus) in terms of Porter’s Five Forces model. Where do you see threats of new entrants? What are potential substitutes for this industry?
w suppose that the interest rate falls to 50%, and the household decides not to borrow or lend at alll. Is the household better off or worse off with the higher interest rate?
suppose that an oligopolistic is charging 21 per unit of output and selling 31 units each day. what is its daily total
If you chose a public organization such as a military unit, keep in mind that competition between military units for funding can be a very real aspect of strategic planning.
Explain how they relate to current microeconomic theories and The paper must include a graph used as an explanatory tool of the economic principle presented.
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