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Explain the difference between a short run Phillips curve and a long run Phillips curve with an example
According to the neoclassical modelof economic growth with a Cobb-Douglas production function, the growth rate ofcapital per effective unit of labor is given byDk/k =ska -1- (d + n +g). For the US economy, s = 0.2, k/y = 2.5, δ= 0.04, α = 0.3,..
If the Fed orders a contractionary monetary policy, describe what will happen to the following.
A collateral bond with a face value of $5,000 was purchased by an investor for $4,100. The bond was due in 11 years, and it had a bond interest rate of 4% per year, payable semi-annually. If the investor kept the bond to maturity, what rate of ret..
Explain how many tonnes of wheat and how many tonnes of copper ingots will be produced if each country specializes.
The value of a home depends in part on how attractive other homes and yards in the neighborhood are. How do local zoning ordinances try to promote land uses that generate external benefits for neighbors?
Your bank account pays 7% interest per year. You loan a friend $100 for one year at zero interest. Assuming the loan is paid on time the opportunity cost of the loan is....
1) Discuss the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan. 2) Discuss how government policies can influence economic growth.
Suppose real GDP is currently $12.5 trillion and potential real GDP is $13 trillion. If the president and Congress increased government purchases by $150 billion, what would be the result on the economy if the MPC is .80?
What is the major problem in achieving an efficient use of the world’s water? If there were a global market in water, like there is in oil, how do you think the market would work?
fiscal policy is a very precise tool for controlling aggregate demand. if the government wants to increase aggregate
Provide a brief background of the situation you are going to look at. Specifically, why did you choose the dependent variable you chose? Indicate the general model that you are going to estimate.
the average tax charge is $95. Assuming a normal distribution as a standard deviation of $10, use the approximate areas beneath the normal curve.
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