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1. Draw a graph to illustrate the following: a. A Phillips Curve based on the assumption of a vertical longrun aggregate supply curve b. The effect of a change in inflationary expectations on a recently stable Phillips Curve c. Unemployment caused by a recently enacted minimum wage law
2. Obtain data on "average hourly earnings of production workers" and the unemployment rate for your state or area over a recent 2-year period. Has unemployment increased or decreased? What has happened to wages? Does the pattern of unemployment help explain the movement of wages? Provide an explanation.
In May 2012, the yields to maturity in the table below were recorded on Treasury discount bonds. If the expectations theory of the term structure holds, what do bond traders expect the interest rate on five-year discount bonds to be in May 2017, M..
Calculate the net private benefits of the project to the foreign-owned company, as a net present value and calculate the net social benefits of the project from the viewpoint of the Australian economy, with the same criterion.
What are the causes of extreme poverty, and what policies have been most effective for improving the lives of the poorest of the poor?
Estimate the self heating of the Xducer assuming that the Xducer has the same dimensions as one of the picture-frame resistors (8 × 25 microns) and has a doping on the order of 1017 Ohm-cm. How does this error compare with the published offset dri..
Evelyn has been shopping for a home entertainment system. Being a graduate of Dr. Corman's Personal Finance class, she has determined that she can afford $200 in monthly payments over 2 years. If she can get an 8% annual rate of interest.
Suppose that the domestic country wants a money supply level that equalizes the fundamental value of the exchange rate and the fixed rate of 50 crowns per franc. What level of the domestic money supply achieves this goal?
1. Set up the system of equations in matrix form. 2. Solve the system of equations to obtain the equilibrium vales of Y, C and G 3. Obtain the equilibrium budget balance
John is considering bidding against Dave for an endorsement contract. He estimates it will cost $ 1 million to prepare the demo that must accompany the bid. The profitability of the contract depends on the bid price John submits. He could choose t..
Place a capacitor between nodes X and Y so as to obtain a phase margin of 60°. What is the unity-gain bandwidth under this condition?
If planned investment = 100 Government purchases and taxes are both 50 Then calculate the equilibrium level of income.Where r is the interest rate in percentage, money supply (M)is 1000 and the price level (P) is 2. What is the equilibrium interestr..
Could conflict minerals be excluded from the global supply chain without hurting the noncombatant citizens of the DRC?
a) Find the Marginal Product and use this information to determine where diminishing returns sets in. b) If labor costs $684 per unit, find the Marginal cost at Q = 30, Q= 50 and Q = 69. Round any decimal answers to 1 place. Explain how these answ..
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