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The President of Bartavia is being advised on economic policy by you, his economic advisor. Assume that Bartavia is very close to the full employment level (resources are almost all fully employed in the economy) but the President of Bartavia is still worried about unemployment.
Therefore he wants to enact some expansionary fiscal policy.
How would you explain the logic of a potential short run trade-off between unemployment and inflation to the President?
In other words, why might there be an inverse relationship between unemployment and inflation over the short run when the economy is very close to full employment and no technological advances are occurring simultaneously?
If the economy characterized by the production possibilities table were producing 3 automobiles and 20 forklifts, what could you conclude about its use of available resources ?
An rise in a firms expected growth rate would normally cause the firms required rate of return. which of the following statements is most correct.
Your new car loan is $40,000 and your payments per month are $650 for 5 years. What are the annual nominal interest rate and the effective interest rate on this loan?
explain why would elasticity of demand be important to you in determining the products
A medium sized bakery has just opened in Slovakia. A loaf of bread is currently selling for fourteen koruna over and above the cost of intermediate goods
these answers have to be a short paperthey must include references if used in the paper to prevent plagiarism.the book
each answer needs to be a paragraph.1 how does an expansionary monetary policy work? describe the steps through which
The Shift of American Health Insurance Policies - How the Changes Affect Our Economy, What health program is better financially and morally?
The questions posed are broad and open ended so be careful to allow yourself enough research and planning time.
The bonds have the characteristics - What is the value of the bonds?
If the government imposes a quantity tax on the consumption of a good, it means that the consumer has to pay for each unit of the good its price plus the tax.
List five prices and the quantity you would demand of the item at each price. Be sure to provide a description of the item as well as an explanation of why you would demand the respective number of items at each price.
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