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1. How did the Phillips curve get its name?
2. The Phillips curve relationship examined in this chapter is a positive relationship between what two variables?
3. How has the Phillips curve shifted over the period 1947-2012?
Identify an example of a statistical research finding in a mainstream media outlet (newspaper, magazine, broadcast television, etc.) and then locate the actual study or peer-reviewed journal article that served as the basis of that media report.
Interpret the estimated coefficients. Does the sign of each make sense? Compare your model in part (c) and part (h), which model performs better? What measures do you use to assess your model
What would change if the structure were monopolistic competition?
If the company, operating blindly with no degree requirements, were to pay an average wage of $45,000, what would most of its applicants look like?
Suppose that the Fed's inflation target is 2%, potential output growth is 3.5%, and velocity is a function of how much the interest rate differs from 5%: %^V= 0.5 X (i-5). Suppose that a model of the economy suggests that the real interest rate
Suppose a new law is put into effect requiring oil tankers to use certain types of navigation rules in coastal waters of the United States. Suppose that the very next year there is a large tanker accident and oil spill in these waters. Does this m..
A firm produces two different goods, with demand given by the following Pa=100-2Qa-Qb and Pd=90-2Qb where Pa=price of good A Pb=price of good B, Qa=quantity of good A and Qb= quantity of good B there are 30 units of each in storage
Review The Shell Report and summarize potential stakeholders that could be interested in this report. For each potential stakeholder formulate a financial or non-financial performance indicator.
For each 25% increase in the unit price, 200 more calculators are supplied. When the price per calculator is P400, 500 more calculators are supplied.
Many countries experiencing high and rising inflation, or even hyperinflation, will adopt a fixed exchange rate regime. Discuss the potential costs and benefits of a fixed exchange rate regime in this case. Comment on fiscal discipline, seigniorag..
What is liquidity? Rank the following assets in order of their liquidity: $10 bill, personal check for $20, savings account with $400 in it, stereo, car, house, travelers' check.
Provide sufficient conditions on u1(.) and u2(.) such that (1) aggregate dynamics are globally stable, and (2) all individuals asymptotically tend to the same wealth level.
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