Describe why the inflation rates are likely to rise
Describe why the inflation rates are likely to rise when an economy expands beyond full employment capacity output. Illustrate an aggregate supply-aggregate demand diagram to illustrate your answer.
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Let z be the set of integers. If a,b in Z, define a~b if and only if a+b is a multiple of 3, or a+b=3k, for some integer k. So the question: is ~ an equivalence relation? If it is, list the equivalence classes.
Determine the Fourier coefficient of the piecewise continuous function:
Assume there're 10 dimes, 15 nickels and 8 quarters in the bag and one coin is drawn from the bag. Determine the expected value of the draw in dollars?
Assume the worker productivity increased at the rate of 1.9% per year. If the labor force grew by 1.5% per year, discuss what rate of increase in the RGDP would be sustainable without increasing the inflation pressures?
How many non-negative integer solutions are there to the equation x1+x2+x3+x4+x5=13
Describe why might the rate at which the Aggregate Supply curve shifts vertically upward increase when an economy produces beyond full employment.
Describe why the Aggregate Supply curve becomes increasingly steeply sloped at the levels of RGDP near "full employment" and becomes especially steeply sloped beyond the "full employment" RGDP.
If we are trying to maximize economic efficiency, which one of the following statements is true? Imply the extraction of all of a resource now as long as interest rates are positive
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