Is there a genuine difference between these theories

Reference no: EM13897709

1. In?ation and unemployment are two crucial economic items of interest to the public. Is it possible to explain one without the other? Present at least one theory that explains each independently of the other and one theory that establishes their interdependence. Is there a genuine difference between these theories or do they merely represent a distinction between the impact and long-term effects of an exogenous change to their determinants?

2. Present a model with rational expectations and the Friedman-Lucas supply function. If policy makers and the public have the same information, can stabilization policies in a stochastic context change aggregate demand and output (i) in the short run, (ii) in the long run?

Reference no: EM13897709

Questions Cloud

A common theme emerging from the group postings? : Is there a common theme emerging from the group postings?

What are some of the reasons given for this persistence : Present a model with rational expectations and the new Keynesian supply function. If policy makers and the public have the same information, can stabilization policies in a stochastic context affect aggregate demand and output (i) in the short r..

What is jini technology? : What is JINI technology?

What is civil governments role in protecting the environment : Environmental Protection - How does man's stewardship responsibility to God apply to environmental protection? How should that stewardship be carried out? What is civil government's role in protecting the environment?

Is there a genuine difference between these theories : Present a model with rational expectations and the Friedman-Lucas supply function. If policy makers and the public have the same information, can stabilization policies in a stochastic context change aggregate demand and output (i) in the short r..

What are the advantages do adrs that offer you : Suppose you are a U.S.-based investor, and you would like to diversify your stock portfolio internationally. What advantages do ADRs offer you? Would it be wise to restrict your international portfolio only to ADRs?

Describe the major life events of the theorist : Describe the major life events of the theorist that you feel influenced his or her personality development. Describe the cultural influences that had an influence on the chosen theorist's personality development

Circuit diagram for a 4-bit logical shift right : Draw the circuit diagram for a 4-bit Logical Shift Right using 4:1 Multiplexers and draw a picture of the Memory array, label the Address and Data lines.

Specify the hypotheses on the natural rate of unemployment : What evidence would you need to establish whether or not money supply changes have been the main cause of changes in nominal income? What procedure can you use to determine the direction of causality between the changes in money and in income?

User Account

All Pages