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1. Using appropriate AD-AS diagrams explain how
(a) a deflationary gap
(b) an inflation-ary gap may occur.
2. How might governments attempt to influence long-run aggregate supply and there-fore potential GDP?
explain the fall in price and increase in quantity.
Graphically show and explain how building more freeways may eliminate the shortage.
Describe how you would validate that your design is a good representation of the data model on which it is based.
the manchester athletes club mac is a private not-for-profit athletic club located in st. petersburg florida. mac
Suppose you are a manager of a firm that produces products X, Y and Z. You know that there are two different types of consumers, type 1 and type 2, who value your products differently. You also know that there 10,000 type1 consumers and 50,000 typ..
What interest rate would be needed on pound securities, such as government bonds, for you to be willing to buy those securities with your dollars today and then sell them in a year in exchange for dollars?
Thinking globally. Compare the composition of spending in the US federal budget to the federal budget in Canada, which is similar to the United States in income level and federal structure. How does the spending mix differ? What factors might acco..
Enter the value of McFadden's pseudo-R2 in the box and do you think that your model has explanatory power
In words, express what the beta coefficient for "school" means using the "rough estimate of 0.25" approach using the values estimated by STATA
Consider the Harrod-Domar model. Suppose that initially, an African country's capital-output ratio (k) is 5, and the savings rate (s) is 12%. a). What will be the initial GDP growth rate b). Suppose that technological advances cause the capital-out..
Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one large firm Tile King. Ajax produces a multi-headed tunnel wall scrubber that is similar to a model produced by Tile King. Ajax decides to charge the same price..
The Downtown Parking Authority of Tampa, Florida, reported the following information for a sample of 250 customers on the number of hours cars are parked and the amount they are charged. Number of Hours Frequency Amount Charged 1 20 $ 3.00 2 38 6...
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