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Explain the 3 neoclassical macroeconomic goals. How do we know if we are meeting each of these goals? Additionally, provide a criticism of ONE of these goals.
The following relationships describe the economy of a random, fictitous country: Sketch the IS curve and LM curve for 1998 on a diagram and show the point where the interest rate and output are determined. Show what happens in the diagram if the mone..
Consider now an economy where you need to search for a job. Let b be the fraction of people that do not have a job and are searching for one. Here active population and working age population do not coincide. Let s be the job separation. Write the eq..
If you expect the annual inflation rate to be 12 percent next year and a one-year bond has an expected annual yield of 7 percent, then the real annual interest rate on this contract is ______.
Graph the budget constraints facing each of the three families and discuss a possible indifference curve which could correspond to the choice each family makes.
Illustrate what is the average time in the system. Illustrate what is the probability there are more than three cars in the system.
Suppose Mary has an income of $80 to buy bags and belts. The price of a belt (good 1) is $10 and the price of a bag (good 2) is $20. Martha, Mary’s sister, also buys belts and bags. Her consumption behavior is such that she can buy two belts (good 1)..
q.if the spot rate for japanese yen is 80 yean equals 1 us and the annual interest rate on fixed rate one-year
leave the equilibrium quantity of labor input and real GDP unchanged. lower the equilibrium quantity of labor input and real GDP.
Scott Jensen owned two hundred acres of farmland in California. A creek flowed through the land, and Jensen used water from the creek to irrigate his crops. The water was adequate for his needs. apply stare decisis and divide the water rights because..
q.assume you are a typical consumer and expect to work for 40 years from this point onward and to live for 10 years
Suppose that Taher's pizza business operates under competitive conditions and that his short-run production function is q=20^E. How much labor does he employ if the price of each pizza is p = $12 and the hourly wage is w0 = $6? [Hint: In this case, i..
Suppose that firms in the chemical industry are allowed, free of charge, to dump harmful products into rivers. If this is the case in a competitive market, how will the price and output of the chemical products compare with their values.
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