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Gasoline is used by both consumers and firms. a. Is a temporary increase in gasoline price a demand shock or a supply shock? Explain your reasoning. b. Use the AD-AS model to discuss the effect of a temporary increase in gasoline prices on output and inflation, both in the short run and in the long run. c. Use the MP curve or the IS curve to discuss the effect of a temporary increase in gasoline prices on the real interest rate. d. Display the short-run and long-run Phillips curves that are consistent with your answer in Parts (a) and (b). Explain your reasoning.
Compensating differentials explain in part: how unions derive their bargaining power; why some people choose to aquire more human capital thatn others; how the income and substitution effects interact;
An alternative to rent-control laws that would not reduce the quantity of housing supplied is:
A detailed evaluation of the ethical considerations associated with the television technology in relation to its impact on humanity. Please include a reference.
Economics of Recycling- What steps can local businesses take to help improve the economic incentives for recycling? Is this occurring in your community?
A supply side economist would most likely support raising the corporate income tax. If the economy is falling below potential real GDP, which of the following would be an appropriate fiscal policy to bring the economy back to long-run aggregate suppl..
A company sold a $1,000,000 issue of bonds with a 15-year life, paying 4% interest per year. The bonds were sold at par value. If the company paid a selling fee of $50,000 and has an annual expense of $70,256 for mailing and record keeping, what is t..
The Supply curve
What interests or surprises you about the summary table? How does that rate compare with the rate in the previous month or quarter? Discuss the differences in unemployment rates by gender, age, education, etc.
An economics professor went out to dinner one night and observed one of her students drinking heavily. The next day was a final exam. When the professor's husband found out the student was in her class, he said the student's behavior was irrational. ..
Consider both sides of the argument and come to a decision of whether to close the plant or continue to operate it. How would you explain to either the president or the CEO that he or she is wrong?
From the perspective of an executive with the firm, prepare a strategic plan to grow the business over the next three years. Your strategic plan must be future-oriented and must: Describe Porsche’s history and its 4Ps (Product, Price, Place, and Prom..
What are the determinants of population growth? How does high population growth impact economic development and poverty? What is your prediction for global population and what policies do you recommend to stabilize population? What measurements would..
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