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1. Olivier Blanchard has referred to a "natural rate of unemployment," a "structural rate of unemployment," a "natural level of output," and a "level of potential output." Perhaps the most precise usage of a term like this is found in what he calls "the non-accelerating inflation rate of unemployment." How does he calculate a formula for this "NAIRU"? In Blanchard's IS-LM-PC model, if the actual rate of unemployment differs from the NAIRU, there is no "natural" tendency for the economy to return to a level of output consistent with the NAIRU. Explain why. In this model, however, monetary policy can return us to the NAIRU and to any unchanging level of inflation we want. How?
2. In the Phillips Curve (equation [2]) in Laurence Meyer's "Monetarism Without Money" model, the actual rate of inflation is governed by the output gap, past inflation, and expected future inflation. How does the inclusion of past inflation capture the role of sticky wages and prices in the short run? Here he must really be talking about sticky rates of growth of wages and prices. Still, we ought to be able to apply the New Keynesian explanations of sticky wages and prices to this. What are the New Keynesian explanations of sticky wages and prices? Why did John Maynard Keynes say that sticky wages and prices are not necessary to have involuntary unemployment?
Illustrate what would you consider when trying to decide what criteria (e.g., percentage of time spent) to use for gathering indications about task importance?
Explain at least one potential consequence of not utilizing crisis and risk communications in your public health campaign.
With all the forecasting we get on a daily basis from the weatherman etc., and with all the technology we have at our disposal, why cant we get the perfect forecast?
Illustrate what reports should the system produce? Illustrate what application controls would ensure the completeness, accuracy also validity of the information in the reports?
What communication styles do you use to influence others? In what ways can the lessons learned in this course apply to your professional life?
The price demand equation for an order of fries at a fast-food restaurant is x+1,000p=2,500.- If the price is decreased by 10%, will revenue increase or decrease?
Analyze the competitive advantage of each company. Evaluate the strategies each company uses to create value and gain competitive advantage. Examine the measurement guidelines each company uses to verify its strategic effectiveness.
Suppose that President Trump institutes an aggressively expansionary fiscal policy, cutting taxes and raising government expenditures.
In the following project, you will perform sales analysis, calculate summary data using database functions, and complete an amortization table.
If we observe a risk-free nominal interest rate of 5% per year and a risk-free real rate of 1.5% on inflation-indexed bonds, can we infer that the market's expected rate of inflation is 3.5% per year?
1. Define the term activity-based costing. How can activity-based costing help to identify and manage the costs of quality we are learning about, especially prevention costs?
For Assessment 1, write 5-6 pages linking leadership development needs to global trends. Address the following five points. If possible, integrate the impact of global trends on the industry of which you are a part. Clearly link leadership develop..
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