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Describe what would happen to both the long and short-run Phillips Curve if the President of the Fed has decided to lower the interest rate. What is one of the challenges that an economy is facing when trying to deal with the short-run Phillips Curve?
Using diagrams and explanations, show the short-run and long-run effects on the foreign exchange value of the country's currency, the country's interest rate
Woodland Instruments, Inc. operates in the highly competitive electronics industry. Prices for its RD – D2 control switches are stable at $100 each. Engineering estimates that total costs for each RD – D2 control switch are: TC = $500,000 + $25Q + $0..
What are the controversies associated with white collar exemption changes to FLSA? What is the unions objections. Which is better the current FLSA law or the change?
Explain why do cattle ranchers slaughtering a large number of newborn calves and burying them in mass graves rather than transporting them to markets.
Explain the liquidity effect and the feedback effects (income effect, price-level effect, and inflation effect) from an expansionary monetary policy.
Suppose you work as research economist at the EPA. There are two firms that operate in a perfectly competitive marker. This implies that each has the same marginal benefit curve, which in this case is horizontal at MB= $100. Each of the firms, howeve..
Suppose David spends his income (I) on two goods, x and y, whose market prices are px and py, respectively. His preferences are represented by the utility function u(x, y) = lnx + 2lny (MUx = 1/x, MUy = 2/y). Derive his demand functions for x and y...
Consider a simplified version of the data described above. Shelly decided study economics and now is about to choose the school. She has narrowed her options to two alternatives. She can either go to Purdue or the University of Chicago. Shelly lives ..
The project is estimated to generate $2203000 in annual sales, with costs of $1704000. If the tax rate is 0.20 , what is the OCF for this project?
The demand curve for product X is given by QDx = 220 ? PX + 3PY + 0.001I where PY is the price of a related good Y, and I is income. The supply curve for good X is given by QSX =10+3PX. What is the marginal effect of an increase in PY on the equilib..
Suppose the marginal propensity to consume (MPC) for a nation is 0.7. What is the tax multiplier for this nation? What is the tax multiplier for this nation if a $150 increase in taxes reduces real GDP by $450?
On September 18, 2003, hurricane Isabel struck the North Carolina Coast, causing extensive damage. For several days prior to reaching land the National Hurricane Center had been predicting the hurricane would come on shore between Cape Fear, North Ca..
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