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Research unemployment and inflation.
Use your course materials and the Internet for your research. Use the following to guide your research:
Examine articles discussing unemployment and inflation rates within the last 12 months.
Step 2 Answer the questions below.
What are the trends in the unemployment and inflation rates from the last 12 months?
What government policies have been announced in response to recent changes in unemployment and inflation?
How do long-term and short-term Phillips curves compare for the unemployment and inflation rates within the last 12 months?
Is there evidence of a Phillips curve trade-off between these two variables? Why or why not?
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Grapg a series of isoquants for the production function q=10, 15,20. Plot at least 5 points for each isoquant by assuring value for q and then a value for L and solving for the remaining value of K to get the needed level of q.
Explain how might Peterson draw on the insights of new growth theory to draft a position statement ruling out unhindered immigration but proposing greater openness to "targeted immigrants".
Is the country's foreign exchange overvalued or undervalued? Has the central bank intervened in the foreign exchange market on behalf of the country's currency valuation?
If price falls from $200 to $150, what is the elasticity of demand over this range?
Consider a firm with the following Cobb-Douglas production technology: f(k; l) = [k^(3/4)l^(1/4)] Suppose the firm faces competitive factor markets and wants to minimize the production cost of producing y units of output. a) Write down the firm's cos..
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At $300, a total of 10,000 ounces of output is profitable. Similarly, total production increases by 5000 ounces for each sucessive $100 increase in the price of gold. Describe the relevant relationship between the price of gold and the production ..
The exhibit shows how supply and demand might shift in response to specific events. Suppose a spring frost destroys one-third of the nation's artichoke crop. Which panel best describes how this will affect the market for mayonnaise, which is a com..
Many would consider the US Postal Service a publically good. Is this assumption valid.
carl has a utility function over two goods apples a and bananas b given by . where min is the minimum function i.e.
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