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Modern classical macroeconomics argues that anticipated monetary policy does not have real effects. The new classical macroeconomics argues that anticipated ?scal policy also does not have real effects. Adapt the Lucas-Sargent-Wallace model to explicitly incorporate both of these propositions. From this model, what would you conclude for the effects of (i) an anticipated bond-?nanced de?cit, (ii) an anticipated money-?nanced de?cit? Specify your procedure and estimating equations for testing the validity of your conclusions.
Many factors determine the supply and demand for labor. Identify and explain two factors that would increase or decrease the demand for labor. Identify and explain two factors that would increase or decrease the supply of labor.
assume thata. the u.s. is relatively capital abundant.b. india is relatively abundant in skilled labor.c. tractors
select a product produced in the u.s. and a foreign country which you are familiar from the e-activity. determine if
Cher's marginal rate of substitution of necklaces (N) for earrings (E) is 5 (MRSEN = 5).
At present international management at PM corporation consists of one person. Determine what specific management principles and practices should PM firm start to put in place
Suppose the marginal utility of good a is 4 times that of good b but the price of good a is 2 times that of good b, is this point consumer equilibrium?.
All of the following are assumptions of the theory of comparative advantage, except
Determine the equilibrium level of output in the market and determine the equilibrium market price.
question 1lasting toys is experiencing quality problems on its assembly line. every defective toy that leaves the
A monopolistically competitive firm has a short run production function given by Q = 2L0.5 Assume the wage rate is $10, the firm's fixed cost is 500, and demand for the firm's output is P = 600 - 3Q Suppose the firm's goal is to maximize its sales ..
Discuss these two types of leadership and What are some of the differences - What are some examples of each?
Three fans are to be installed at a mine site; one immediately at a price of $260,000, one in five years at an estimated cost of $310,000 and the third in eight years at a cost of $480,000. Find out the total expenditure as a present value if the ..
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