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Consider an economy in long-run equilibrium with an inflation rate π of 12% (=0.12) per year and a natural unemployment rate, un of 4% (=0.04). The Phillips curve is π = πe - 2(u - un). Assume that Okun's law holds so that a 1% increase in the unemployment rate maintained for one year reduces GDP by 3% of full-employment output.
What are the main types of system calls? Describe their purpose.
Discuss the changing economic variables in China that influenced McDonald's expansion strategies.
The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours Per week (Q T ) supplied to the market.
Using the economic concepts that explain differences in wages, discuss any three of the following points. Post your response to each of the three points separately. Why does a chief executive earn more than a rocket scientist working for NASA
Which country is likely to receive the most benefit from this increase in investment. Explain your answer.
Explain the fallacy of the president trump's proposed protectionist policies in terms of comparative advantage and absolute advantage
An employee receives a letter of reprimand that goes in his personnel file but is not demoted and not suffer any other action. Does the letter constitute an adverse employment action? Why or Why not?
Show how this tax affects the market for Roquefort cheese in the United States,shifting the appropriate curve and indicating a new equilibrium quantity and market price.
Let us suppose the demand at a firm is 200 units per month. The firm orders 80 units each time. What is the average inventory level at this firm
1. What are the conditions that are required to establish password protection and what are some reasons why passwords might not be the best approach to security?
the classical economists held that the rate of interest would equate planned investment and planned saving so that all
Why might the existing firms in a cartelized industry prefer to be regulated by the government? What is the problem with common property resources?
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