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What is the policy credibility and how is it relevant to the problem of reducing high inflation? How is credibility related to the time inconsistency problem?
What are the evidence of the Phillips curve. Do you think this model is still valid today or it needs to be modified?
Suppose that over a range of prices, the price elasticity of demand varies from 15.0 to 2.5. Over another range of prices, the price elasticity of demand varies from 1.5 to 0.75. What can you say about total revenue and the total revenue curve over t..
Explain what, in turn, will happen to income. A government official suggests increasing government purchases by $100. What is the main benefit of this proposal What is the main drawback of this proposal
Discuss briefly what you think the way in which the HDI is constructed. (Briefly means no more than five lines of text. Excesses are severely penalised.)
The government decided to tax a monopolist at a constant rate of $x per unit. Show the inpact upon output and price. Is the posttax equilibrium closer to or further from the ideal equilibrium of P= MC?
Melinda Gibbs would like for her descendants to be able draw $40,000 every year forever starting 30 years from now. She has found an investment that will provide her a guaranteed 10% return forever. To fund the withdrawals, she will make ten equa..
Why would a nation such as the United States, which can presumably produce everything it needs itself, choose to trade with other nations?
A farm operator has asked you to help him/her determine the quantity of water that should be applied to a crop under irrigation.
The Subway fare in your town has just been increased from a current level of .50 cents to a 1.00 per ride. As a result, the transit authority notes a decline in ridership of 30%. a. Compute the price elasticity of demand for subway rides.
Over the course of product life cycle, as the firm moves through the sequence of oligopoly, monopolistic competition, monopoly, and pure competition, the profit opportunities diminish.
Elucidate what you can do, if the best technology was used to produce the components of the system to achieve the .99 reliability.
Consider a 12-year, 12 percent annual coupon bond with a required return of 10 percent. The bond has a face value of $1,000.
Show the competitive position of 5 or more different firms within this industry
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