The recent events in Syria, Iraq and the fear that the unrest will spread to other Middle Eastern… 1 answer below »

The recent events in Syria, Iraq and the fear that the unrest will spread to other Middle Eastern oil producing nations have world markets worried about the disruption to oil production. Using graphical demand and supply analysis, explain the impact on price and quantity in the market for petrol if oil production is disrupted.

 

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Some short questions1.1 The money market1. What is money neutrality?Grading: Key elements: one-time

Some short questions1.1 The money market1. What is money neutrality?Grading: Key elements: one-time change in the level, effect of prices, non-effect on other things. A short answer is sufficient.2. How do prices react in the long run to an increase in the money supply? Give an intuitive economic explanation.3. How do prices react in the long run to an increase in money demand? Give an intuitive economic explanation.4. Give two examples of recent changes related to payments technology, one implying higher and the other lower money demand.5. “Money is a dominated asset.†Derive and explain an expression in support of this statement.1.2 Growth1. Write down a plausible production function for new ideas. Explain each element.2. “One can hardly imagine, I think, how poor we would be today were it not for the rapid population growth of the past to which we owe the enormous number of technological advances enjoyed today. … Another instance of external economies is parallel. Our artistic heritage is much like our technology; it is a part of our ‘public capital.’ If I could re-do the history of the world, halving population size each year from the beginning of time on some random basis, I would not do it for fear of losing Mozart in the process.†(Phelps, 1968.) What does this have to do with our study of endogenous growth? Can you relate Phelps’s statement to your answer in 1.?

 

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1. how to find evidence of transitory effect of output on wages form a set of data on stata?2. how t

1. how to find evidence of transitory effect of output on wages form a set of data on stata?2. how to provide an estimate for the long run propensity (LRP) of output on wages

 

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Microeconomics

1. Which of the following is a long run adjustment? A. A farmer applies extra fertilizer on his corn crop. B. An American watch manufacturer leaves the watch industry. C. A supermarket hires four additional workers. D. A local bakery lets two of its current employees go. (i.e., reduces its workforce) 2. It is easiest for new firms to enter which of the following market structures? A. pure competition B. monopolistic competition C. oligopoly D. pure monopoly 3. In the short run a firm’s output A. cannot be increased or decreased. B.

 

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Global Economic Environment

2. Answer the following questions on the basis of the three sets of data for the country of North Vaudeville: a. Which set of data illustrates aggregate supply in the immediate short-run in North Vaudeville? The short run? The long run? b. Assuming no change in hours of work, if real output per hour of work increases by 10 percent, what will be the new levels of real GDP in the right column of A? Does the new data reflect an increase in aggregate supply or does it indicate a decrease in aggregate supply?

 

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Regression 2 answers below »

The following regression was estimated for 45 quarters to test the hypothesis that tire sales (T) depend on new-automobile sales (A) and total miles driven (M)
T = 0.45 + 1.41 (M) + 1.12 (A)
(0.32) (0.19) (0.41)
Where T is the % change in tire sales, M is the % change in miles driven, and A is the % ch…

 

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The N?Pls help for this programing problem in c++,better withsome comment about why coding that…

The N?Pls help for this programing problem in c++,better withsome comment about why coding that way,thanks

 

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Define economics and explain the kinds of questions that economists try to answer.

Define economics and explain the kinds of questions that economists try to answer.

 

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what is PPF 1 answer below »

PPF

 

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Show transcribed image text Figure: Cost Curves for Corn Producers 1. Look at the figure Cost Curves

Show transcribed image text Figure: Cost Curves for Corn Producers 1. Look at the figure Cost Curves for Corn Producers. The market for corn is perfectly competitive, and an individual corn farmer faces the cost curves shown in the figure. If the price of a bushel of corn in the market is $10, a. What is the profit maximizing level of output for the farmer? Explain. b. At this profit maximizing level of output, will the fanner earn a positive, negative, or zero economic profit? Explain. c. Should the farmer operate in the short run or should he shut down? Explain.

 

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