Draw the Phillips curve. Use the model of aggregate demand and aggregate supply to show how policy can move the economy from a point on this curve with high inflation to a point with low inflation.

Q: The prices and quantities of web cameras (webcams) of three models to be sold in Kyrgyzstan by a U.S...

A: Particulars Model 1 Model 2 Model 3   P0= (KGS )                  48,000                    6,400 ...

Q: Hector and Albert are bakers who can make either cakes or pies. Below is a graph showing their produ...

A: Comparative advantage is characterized as an economy's ability to generate goods and services at a l...

Q: Michael must pay $700 for a statistical package, plus $140 for each additional analysis add-on. Find...

A: The cost for a statistical package is fixed is fixed because it must pay.  The cost of analysis is v...

Q: During this pandemic-recession, it is likely that many people (particularly females with children) w...

A: During recession of pandemic many people lost jobs and some of the people are not officially counted...

Q: The demand and supply equations for a product are: Q= 300 — 6P and Q.= -40 + 6P. Determine the mark...

A:

Q: 14) If the expenditures of Salih are equal to his income, it means that he is consuming at a point a...

A: A budget line shows the combination of two goods that a consumer can purchase with the given level o...

Q: 03. If the economy is at point D,     a) more can be produced of both X and Y, without an incr...

A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods ...

Q: Please help with the calculation on how to calculate the LAS

A: The gap between actual rate of unemployment and natural rate of unemployment is (8% - 5%) = 3%. We k...

Q: What can you say about all three of these Production Possibilities Frontiers?     a) All exhib...

A: Production possibility frontiers explain the trade off between two goods or services.

Q: a) Assume traditional cameras are inferior goods. Everything else held constant, what will happen to...

A: Inferior commodities are those whose demand falls as the income of the people rises.

Q: Q=48+0.1p p=Price TC=820+10Q2 Q=Number of units Find the revenue maximizing price and output.

A: Given, Q=48+0.1p TC=820+10Q2

Q: This multiple choice question from MACROECONOMICS course. just write for me the final answer.

A: Marginal Propensity to Consume ( MPC) refers to the increment in one's consumption expenditure when ...

Q: Explain how we create the Macro "quanitity" measurement.

A: Explain how we create the Macro "quantity" measurement. Answer: Macro quantity measurements are the ...

Q: 26) The short run supply curve of a firm is a) marginal cost curve b) average total cost curve c) av...

A: A concept that describes the total quantity available to consumers of a specific service or goods is...

Q: 23) Refer to Figure 8.4. Micro Oven's average fixed costs of producing two units of output areA) $15...

A: Formula for average fixed cost=total fixed cost/output=300/2=150

Q: The Framing Gallery frames posters and has total fixed costs of $1,000. The Framing Gallery is curre...

A: Answer: Any production activity composed of fixed costs and variable cost, fixed cost remains fixed ...

Q: Differentiate between the production approach and income approach to the measurement of national inc...

A: Production Method: It refers to the addition of value to the raw material by a firm, by virtue of it...

Q: This multiple choice question from MACROECONOMICS course. just write for me the final answer.

A: MPC = coefficient of Y = 0.6 Multiplier = 1 / (1 - MPC) = 1 / (1 - 0.6) = 1/0.4 = 2.5

Q: The price elasticity of demand for computers is -0.75 .The price elasticity of supply for computers ...

A: The equilibrium price happened in the market where total demand of the market is equals to total sup...

Q: Explain the underlying economic basis for international exchange of goods and services for the overa...

A: International exchange of goods or international trade is referred to the exchange of goods and serv...

Q: 20) Economic profits a) are equal to total revenue minus fixed costs b) are equal to the direct cost...

A: Economic profits refer to the amount a firm receives after the deduction of explicit and implicit co...

Q: Suppose a farmer is currently producing 50 bushels of corn and 10 bushels of peanuts. According to t...

A: Opportunity cost refers to the best given up values among the alternate in the process of gaining so...

Q: Explain why have no competitors caught up with Apple? Do you think Apple can sustain its success wit...

A: 1)Apple was started by Steve jobs.Products of Apple are unique in design and also in technology.Most...

Q: How the valuation of stocks may be affected by: Economic Growth, Expected Inflation or Exchange Rate...

A: When inflation is high,companies get more profits and therefore stock value increases.Around this ti...

Q: Which of the following will cause a movement when looking at an individual’s demand curve?      ...

A: While a change in price causes a movement along the existing demand curve, a change in non-price det...

Q: How does a tax on labor income influence the equilibrium quantity of employment? and How does the ta...

A: Tax refers to the compulsory payment that imposed by the government on consumer, individual people w...

Q: A point lying inside (under) a production possibilities frontier indicates that _________.A. the eco...

A: A production possibility frontier shows the combinations of goods which could be produced with the c...

Q: 37) In a perfectly competitive industry, the market price of the product is $15. Firm A is currently...

A: In a perfectly competitive industry the profit is calculated as: Profit =Total Revenue - Total Cost ...

Q: When the MPC increases: a. the government spending multiplier stays the same b. the government s...

A: The marginal propensity to consume refers to that portion of the increased income that was spent by ...

Q: What's a developing nation and why there are so many in the world.

A: The economy is the concept that is concerned with the production and consumption of the commodities ...

Q: The table below lists hypothetical CPI and wage values for the United States from different decades....

A: Consumer price index (CPI) is the measurement change in average price of the consumer basket of good...

Q: Suppose the demand and supply curves for a product is given by ? = 500 − 2? ? = −100 + 3? a) Which i...

A: (a)Two equations are Q= 500-2P-------------(1)Q=-100+3P------------(2) As mentioned and asked in the...

Q: This multiple choice question from MACROECONOMICS course. just write for me the final answer.

A: 41) Inflation rate is given as  Inflation= [(CPI2005-CPI2004)/CPI2004]*100  

Q: 05. What is the per-unit opportunity cost of product Y as production moves from point D to point B? ...

A: Opportunity cost=sacrifice/gain From point D to point B Per unit opportunity cost of producct Y =22-...

Q: Find the following, assuming that government investment is zero: (a.) Consumption (b.) Net exports (...

A: GDP: It means the total market value of all final goods and services manufactured during a particula...

Q: Identify whether the following items are officially included in 2019 GDP or Not. Give specific reaso...

A: Answer GDP is the value of overall goods and services produced in an economy during a financial year...

Q: A company produce one type of a prefred car gearbox , In a point of production like 1000 gearbox, th...

A: Break even point ( units)  = fixed cost/ selling price- variable cost.   

Q: The opportunity cost to you of an action is A. how much you must pay for the opportunity to take the...

A: The opportunity cost can be defined as the cost of one option when another option is choosen. 

Q: 09. If Portugal has a total of 90 man-hours of resources available for production, while England has...

A: England has 30 man-hours and Portugal has 90 man-hours. 

Q: This multiple choice question from MACROECONOMICS course. just write for me the final answer.

A: Equilibrium price level is $200.

Q: If the consumption function in the economy is given as C = 200 + 0.3(Yd) what will be the saving whe...

A: Disposable income is the income left after paying taxes. This is the income which is either spent on...

Q: Why does a balanced budget increase in spending and taxes increase aggregate demand?

A: balanced budget increase in spending and taxes mean that, both government spending (G) and taxes (T)...

Q: 4). What example of effective or ineffective price discrimination do you see online or in your commu...

A: In online,there is generally high price discrimination which is effective,because there are vast ran...

Q: 34) If there are profits made by individual firms in an industry, then a) firms will have an incenti...

A: Profits are the measurement which determine whether a business continues to stay in operating or not...

Q: In France, one hour of a worker’s labor can produce either 5 cloths or 10 wines. In the US, one hour...

A: Opportunity cost measures the input need to be given up in order to obtain other input. 

Q: Hi, I have many clients and one server.. I am using first price sealed bid auction to select clients...

A:

Q: 31. Assuming robots represents capital goods and beer consumer goods, and the growth path of country...

A: Capital good raises the productive capacity over the long run but in short run consumption level dec...

Q: 15. Assuming Portugal has 180 man-hours (mhrs) of labor resource available for production, and labor...

A: Production possibility frontier is the indication of the various production possibilities of the tow...

Q: &: No. 1-(@) Whet type of diagram is suitable to present following information about s'tudercts pass...

A: "Since you have posted multiple questions, I can only answer the first question, rest you need to po...

Q: The second-order condition for a monopoly maximizing its profit is:

A: The profit maximizing condition in a monopoly is