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Is there a trade-off between the unemployment rate and inflation in the long run? How is the long run aggregate supply curve related to the long run Phillips curve?
You are an Economist advising the Federal Government about the Australian Labour Market and issues relating to unemployment. The issues that you have been asked to report are: if the labour market is working properly why does Australia experience si..
The budget deficit projections in this chapter include net interest on the debt, which depends on interest rates. Use the loanable funds model to explain what is likely to happen to interest rates and interest payments if the size of the deficit cont..
Consider two countries that are currently pegged to the euro: Lithuania and Comoros. Lithuania is a member of the European Union, allowing it to trade freely.
Describe both the advocates' position and the critics' position. Determine which position you support and defend your position.
You produce a product that will earn $100,000 if there is a recession and $100,000 if there is no recession (i.e. the same regardless). The probability of a recession is 50%. What is the variance?
Compare and contrast a wealth tax and an income tax. Evaluate how the differences between these two taxes might impact individual behavior.
What are some specific examples of tariff or non-tariff trade barriers? Examine the impacts of tariff or non-trade barriers on the global trading system. Identify a country that is currently impacted by these barriers. How is it impacted by tho..
Suppose the CFO of a German corporation with surplus cash flow has 1 million Euros to invest. Suppose that interest rates on 1-year CD deposits in U.S. banks
In 2000, the United Kingdom economy was at full employment. Nominal GDP was pound £825 billion, the nominal interest rate was 88 percent a year, the price level was 110,and the velocity of circulation was constant at 6.
Two firms dominate the market for surgical sutures and compete aggressively with respect to research and development. The following payoff table depicts the profit implications of their different R&D Strategies.
Elucidate the organization/industry reduce production or shutdown their operations? Explain your reasoning.
How long is the payback period for an investment projects $25,000 to start, and generates $7,000 a year after-taxes for six years?
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