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Please explain in three well-structured paragraphs the basic principles of the New Keynesian Economics and how it addresses perceived limitations to classic Keynesian theory.
A country with a civilian population of 100,000 (all over age 16) has 80,000 employed and 10,000 unemployed persons. Of the unemployed, 2,000 are frictionally unemployed and another 4,000 are structurally unemployed. What is the size of the labor for..
Consumers only consume Diet Coke and Potato Chips. Using indifference curves and budget constraints, graphically and intuitively explain what will happen to consumer’s optimal consumption bundle if there has been an increase in the price of Potato Ch..
Consider a Cournot duopoly model with inverse market demand function p = 60 - q1 - q2. Firm i's cost function is (qi)^2+10qi for i = 1 and 2. Find the Nash equilibrium outcome ( firms' outputs). Find the collusive outcome ( firms' outputs), and show ..
Analyse the causes and consequences of near zero interest rates in the USA since 2008. In theory, what impact should this policy have had on the value of the US dollar? Explain why this hasn't necessarily been the case over the last seven years.
Entrepreneurship is
During the recession of 2008-2009, and even after the recession ended, we saw the use of many monetary policy tools to stimulate the economy. Please find one article from an established source (newspapers, respected magazines, and so on), documenting..
Health issues associated with different age groups in a community are actually quite different. Primary causes of morbidity and mortality, for example, vary significantly with the patient’s age. Select one of the age groups(adolescents, young adults,..
Evaluate the economic growth and development economists. Determine which economist you feel made the most significant contribution to economic theory.
A monopolist faces a market A demand curve given by: QA = 70 – P and market B demand curve given by: QB = 50 – 0.5P. This monopolist pursues a separate monopoly pricing policy in each market. Assume arbitrage between the two markets can be prevented.
Illustrate how increase in human capital affects production function. Blue line (circle symbols) in graph below shows production function.
Valerie is training for a triathlon, a timed race that combines swimming, biking, and running. While Valerie usually practices swimming for two hours per day, she decides to continue for an additional hour because the pool is less crowded than usual ..
Several years ago, Castles in the Sand, Inc., issued bonds at face value at a yield to maturity of 5.4%. Now, with 5 years left until the maturity of the bonds, the company has run into hard times and the yield to maturity on the bonds has increased ..
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