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Explain and discuss the difference between the original Phillips curve and the expectations- augmented Philips curve. Why did the original Phillips curve relation break down in the early 1970s? What are the policy implications of the non-accelerating inflation rate of unemployment (NAIRU)
Does it seem logical that the amount of labor supplied (hours worked) will decrease if the wage rate gets high enough? Why or why not? Will this phenomenon differ as related to a summer job or permanent employment?
Based on the current health care crisis in this country, and lack of availability of affordable prescriptions drugs to all, it is ethical that people are getting their prescriptions filled with Canadian companies? Please list the url's to the sources..
Write a minimum of a five-page essay, using proper APA format, on the topic of unemployment in the U.S. Use a minimum of three scholarly sources. You have the freedom to take any aspect of unemployment that you desire to research.
999, after nearly 20 years of rent control in Berkeley (CA), the removal of the law led to a rise in rents of nearly 40%. Describe how rent control affected the S&D graph for the rental-housing market: did this cause a shift in D or S or was it a cha..
In the run up to the 2008 US presidential election, both major contenders, John McCain and Barack Obama, promised that if they were elected they would push for significant new discretionary fiscal policy in 2009. In your initial discussion post, do y..
Illustrate why are companies using more technology input while reducing labor input. Why are the Average Cost Curves U-shaped.
Suppose that initially the money supply is 2 trillion the price level equals 2 the real gdp is 4 trillion in base year dollars and income velocity of money is 4 . Then suppose that the quantity of money in circulation remain fixed but the income velo..
In the country of Drazah Larom (moral hazard spelled backward), health insurance is nonexistent and all medical markets are perfectly competitive. Use supply and demand analysis to explain the impact of the following changes on the price and output o..
Donna buys goods X and Y. She can just afford the bundle X = 6 and Y = 11. She can also afford X = 12 and Y= 8. Each of these bundles exhausts her income. Draw Donna’s budget line. What is the ratio of the price of x to the price of y?
Find the value of X such that the loan is fully repaid with the last payment. b) What is the dollar amount of each of the five payments ? c) Find the value of all the intrest paid to ken ?
In the 1980s, Progressive was a small auto insurance company that sold most of its policies to people who had poor driving records and could not qualify for the standard rate policies sold by other insurers. Progressive charged higher premiums for th..
Why is the Marginal Rate of Substitution(MRS) equal to the Marginal Rate of Transformation(MRT) at the optimal consumption bundle?
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