Suppose your economy's Phillips Curve can be described by the expression π t
=π t
e
−ε(u−u ∗
). (You will be better off using a spreadsheet for this problem) a) If the inflation rate has been stable at 5% for several time periods in the past, calculate the inflation rate for period t assuming that π t
e
=π t−1
,ε=0.50,u=5%,u ∗
=5%. b) Suppose that the labor market undergoes a structural change in period t+1 such that the natural rate of unemployment rises to 8% and remains there forever. If the observed rate of unemployment remains 5%, calculate the inflation rate for this economy in periods t+1,t+2 and t+3. Briefly explain your answer.
Answers
In this problem, we are given the Phillips Curve equation πt = πte − ε(u − u∗). We need to calculate the inflation rate for period t under certain conditions. First, assuming a stable inflation rate of 5%.
In the past, we calculate the inflation rate for period t when πte = πt−1, ε = 0.50, u = 5%, and u∗ = 5%. Then, we consider a structural change in the labor market in period t+1, where the natural rate of unemployment increases to 8% while the observed rate of unemployment remains at 5%. We calculate the inflation rate for periods t+1, t+2, and t+3.
Explanation:
a) Given the equation πt = πte − ε(u − u∗), if πte = πt−1 and other values are provided, we can substitute the given values into the equation to find the inflation rate for period t. In this case, with πte = πt−1 = 5%, ε = 0.50, u = 5%, and u∗ = 5%, we can plug these values into the equation and solve for πt.
b) In the second part, we consider a structural change in the labor market where the natural rate of unemployment increases to 8% while the observed rate of unemployment remains at 5%. We can use the Phillips Curve equation with the new values of ε = 0.50, u = 5%, and u∗ = 8% to calculate the inflation rate for periods t+1, t+2, and t+3. By plugging these values into the equation, we can determine the corresponding inflation rates.
The exact calculations will depend on the specific values and the spreadsheet or calculator used. It's important to note that the Phillips Curve is a simplified economic model, and real-world conditions may vary.
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Related Questions
Recommend a motivational approach that would best suit
Galwal’s objectives and explain why your recommendation would be an
effective approach. (250 words)
Answers
The goal-setting approach is effective for Galwal's objectives as it provides clarity, promotes accountability, encourages self-reflection, and facilitates a supportive environment, ultimately driving motivation and increasing the likelihood of success.
Based on Galwal's objectives, a motivational approach that would be effective is the goal-setting approach. This approach involves setting clear and specific goals that align with Galwal's objectives, and then providing the necessary support and feedback to facilitate progress towards those goals.
By setting goals, Galwal can have a clear direction and purpose, which enhances motivation and focus. These goals should be challenging yet achievable, as they provide a sense of accomplishment when achieved.
The goal-setting approach also encourages accountability and self-reflection. Galwal can regularly assess their progress, identify areas of improvement, and make necessary adjustments to their approach. This self-monitoring promotes a sense of ownership and control over their actions and outcomes.
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what does high unemployment indicates and cause for a nation ?
Explain
Answers
High unemployment indicates an unhealthy economy and is a cause of economic and social problems for a nation.
High unemployment indicates a sluggish economy and a lack of job opportunities. Unemployment can also lead to a decrease in consumer spending, which can lead to a decrease in economic activity and a rise in poverty. Long-term unemployment can also lead to the de-skilling of workers, which can have a long-term impact on a nation's economy.The cost of unemployment is felt not only by the individual and their family but also by society as a whole. High unemployment results in a reduction in government revenue through lower taxes, increased welfare spending, and reduced economic activity. Unemployment can also have social consequences, such as crime and drug abuse, and can lead to a rise in mental health issues such as depression and anxiety.
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What is the role of Murdocks 'satisfaction of members economic needs'?
Answers
The role of Murdocks 'satisfaction of members economic needs' is "the importance of economic activities in meeting the basic needs of a society's members".
The economic needs are generally have those individual who are BPL or below the poverty line. Those individual who can not afford filter water, safe food and place to live or shelter.
Most of the time the economic needs are four types like scarcity, costs and benefits, supply, demand, and incentives. So, that individual or group below poverty line can fulfil their basic needs.
Therefore, the role of economic needs refers to refers to the importance of economic activities in meeting the basic needs of a society's members.
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You should induce vomiting in a child you suspect has been poisoned ONLY when
you have been instructed to do so by the poison center expert.
True
O False
Answers
Answer:
The correct answer is the option: False.
Explanation:
To begin with, when it comes to terms of helping someone and moreover saving someone's live it is absolutely necessary to always act in order to make sure that everything that was possible to do was done, so therefore that it is understandable that in a case where a child has been poisoned with something then the person closer must know that he could induce vomiting by putting the finger into the throat, gently, so that the body will automatically try to throw up. Otherwise if the person might have not been instructed by the poison center expert and the kid is posible to pass out then the situation can get worse if the person does not do something.
Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answers
Answer:
Buying an expensive piece of machinery
Explanation:
Select the incorrect statement regarding postaudits of capital investment decisions.
The goal of a postaudit is to provide feedback that can be used to improve the accuracy of future capital investment decisions.
A postaudit should be conducted at the end of the project.
The postaudit helps management determine whether a project that had been accepted should have been rejected.
A postaudit is only necessary for a capital investment selected using a technique that does not consider the time value of money.
Answers
The incorrect statement regarding postaudits of capital investment decisions is that "a postaudit is only necessary for a capital investment selected using a technique that does not consider the time value of money.
A postaudit is the study of the results of a capital project following its completion to assess whether the project achieved its anticipated cash flow and return on investment targets. It assesses the outcome of capital budgeting decisions made earlier in the process.Investment postaudits help managers evaluate the effectiveness of their capital budgeting process by providing information on whether their investment decisions have been successful or not.
Identifying reasons for any discrepancies, and guiding adjustments to the capital budgeting process that may be required. However, choice (d) is incorrect because post-audits are required for all capital investments, regardless of whether they were chosen utilizing a time-value-of-money technique or not.
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Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:______________
A. the same kinds of creative management talent and innovative thinking capabilities as crafting strategy.
B. a financially driven process aimed at squeezing the most profit out of conducting daily operations.
C. the efforts of a company's whole management team, not just a few senior managers
D. a high caliber CEO that possesses the business vision, industry and competitive analysis skills, and entrepreneurial creativity needed to navigate the competitive landscape.
E. less managerial expertise and effort to perform well, at least in comparison with crafting a winning strategy.
Answers
Answer: C. . the efforts of a company's whole management team, not just a few senior managers
Explanation:
Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.
How do you write an effective policy memo?
Answers
To write an effective policy memo, Identifying the purpose and audience, Providing a clear and concise summary, Providing background information, Presenting your recommendations and Providing a conclusion is very important.
Identify the purpose and audience: Before you begin writing, you need to identify the purpose of the memo and the audience you are writing for. This will help you tailor your message appropriately and ensure that you are addressing the right peopleProvide a clear and concise summary: Start with a clear and concise summary that outlines the main points of the memo. This should be no more than a few sentences and should provide the reader with a quick overview of what they can expect to read in the memo.Provide background information: In order to provide context and help the reader understand the issue at hand, you should provide some background information on the topic. This can include relevant statistics, historical information, and other relevant data that will help the reader understand the issue.Present your recommendations: After providing background information, you should present your recommendations. These should be clear and specific and should be based on your analysis of the issue at hand.Provide supporting evidence: In order to convince the reader that your recommendations are sound, you should provide supporting evidence. This can include data, case studies, and other relevant information that supports your argument.Address potential objections: Anticipate potential objections to your recommendations and address them in the memo. This will help you build credibility and demonstrate that you have considered all angles of the issue.Provide a conclusion: End the memo with a clear and concise conclusion that summarizes your main points and reiterates your recommendations.Use clear and concise language: Finally, it is important to use clear and concise language throughout the memo. This will make it easier for the reader to understand your message and will help you convey your ideas more effectively.For more such questions on memo
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Ased interest rates will shift the aggregate demand curve to the _____ and _____ output demanded.
Answers
As interest rates will shift the aggregate demand curve to the left and decrease output demanded.
The interest rate is the amount that the lender charges the borrower and is the principal - a percentage of the loan amount. Loan interest rates are usually quoted on an annual basis known as the annual rate (APR).
Interest rate shows the exact amount of interest a person earns or pays on a loan. For example, a $100 loan with a nominal interest rate of 6% accrues interest of $6 ($100 X 0.06). The interest rate stays the same no matter how much you borrow. Even if the loan increases to $1,000, the borrower still pays 6%.
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What effects did zaha have on guggenheim new york?
Answers
The effects that Zaha had on Guggenheim New York is that her current retrospective at the Solomon R. Guggenheim Museum in New York gives ample evidence of her genius. She has been busy and produced a staggeringly impressive body of work that is without equal for its inventiveness. This saved urban space and merges the elements of its surroundings. It also projects a brand new artificial landscape outweighted by funnel-shaped cones. The Solomon R. Guggenheim Museum, often referred to as The Guggenheim, is an art museum at 1071 Fifth Avenue on the corner of East 89th Street on the Upper East Side of Manhattan in New York City.
Who is Zaha Hadid?Dame Zaha Mohammad Hadid DBE RA was a British-Iraqi architect, artist and designer, recognised as a major figure in architecture of the late 20th and early 21st centuries.
Therefore, the correct answer is as given above
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Do BLACK LIVES MATTER??????!!!!!!!!!!
Answers
Answer:
OF COURSE THEY DO Y DONT PPL SAY ALL LIVES MATTER
Answer: YES .
Explanation:
You are a trainee sales manager with a retailing firm. Visit professional websites and discussion forums to find out how managers resolve problems related to transactions including cash, checks, debit cards, credit cards, discounts, layaway, Cash on Delivery, returns, gift certificates, and automatic fee withdrawals. You may also want to meet up with and talk to a store professional during their break times and seek input in person. Also, explain the technique to make change in counter transactions correctly.
Answers
Managers resolve transaction-related issues including cash, checks, debit cards, credit cards, discounts, deposits, cash on delivery, returns, gift cards and automatic fee withdrawals based on company policy.
Importance of company policy for decision makingThe organizational policy must be shared with all employees in a clear and objective way, in order to be a guide for behavior in the organization.
It will include the norms and rules to be followed in each organizational situation.
Considering Starbucks as the company of our research, through its website we can see that there is a guide with the terms and conditions for using the Starbucks card.
Therefore, each rule must be clearly exposed to stakeholders, and each issue related to financial transactions exposed in pre-established legal documents, in order to be a protection for the organization and for the clients.
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two farmers agree that pigs are worth $\$300$ and that goats are worth $\$210$. when one farmer owes the other money, he pays the debt in pigs or goats, with ``change'' received in the form of goats or pigs as necessary. (for example, a $\$390$ debt could be paid with two pigs, with one goat received in change.) what is the amount of the smallest positive debt that can be resolved in this way?
Answers
Pigs are valued at $300, and goats are valued at $210, according to two farmers. A farmer will trade pigs or goats for money owed to him by another farmer.
Do you trust farmers?
The cultivation of living things for food or raw resources is the work of an agriculturalist. Those that cultivate various field crops, orchards, vineyards, poultry, or other livestock are often referred to by this moniker. In addition to working as a labourer on property that is owned by others, a farmer may also be the land's owner. Despite differences in degrees and ranks, the level of faith in farmers can be shown in every survey. Another piece of proof for this was provided by a recent survey conducted by the American Farm Bureau, which showed that 88% of Americans have faith in farmers.
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Many politicians have degrees in business or law.
True
False
Answers
One of the purposes of studying economics is to understand the
Answers
Answer:
Individuals, businesses and governments are all faced with making choices in situations where resources are scarce. This is where a knowledge of Economics is vital. Economics applies to most aspects of everyday life. By studying Economics you will examine topics of obvious importance to human well-being.
Explanation:
Answer:
D: principles that influence the production of goods and services.
Explanation:
on edge! hope this helps!!~ (゜▽゜;)
Shuri is revamping her company to clarify the chains of command, the tasks assigned to each worker, the official policies and procedures, and her expectations for cooperation and teamwork. Shuri is:.
Answers
By reshaping her company to clarify the chains of command, the tasks assigned to each worker, the policies and procedures according to her expectations of cooperation, Shuri is increasing organizational synergy.
Importance of synergyIn an organization, synergy corresponds to simultaneous efforts, that is, cooperation that will lead to the integration of employees and organizational goals and objectives.
Therefore, by increasing synergy, Shuri aims to integrate organizational resources with the workforce, increasing cooperation, communication and organizational culture, focused on development and continuous improvement.
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Consider an economy characterised by the following functions:
= 100 + 0.8(−TT); TT = 10; = 200; = 100; = 50 −0.1
Where , , TT, , and represent consumption, income, taxes, investment, government
spending and net exports, respectively. If actual income in the economy is 2000, then in the
very short run (when prices and wages are fixed),
(a) there is excess supply in the economy.
(b) there is excess demand in the economy.
(c) there is unplanned inventory decumulation.
(d) the economy is in equilibrium.
Answers
If actual income in the economy is 2000, then in the very short run (when prices and wages are fixed), there is excess demand in the economy. Option B is correct.
Given functions are,
C = 100 + 0.8(Y-T)
T=10
I = 200
G = 100
NX = 50 -0.1Y
Actual income in the economy is 2000In the very short run (when prices and wages are fixed), we can calculate the consumption and planned savings in the economy.
The consumption is given as follows,
C = 100 + 0.8(Y-T)
C = 100 + 0.8(2000-10)
C = 100 + 1592
C = 1692
Planned Savings are given as S_p = Y - (C+I+G+NX)
S_p = 2000 - (1692 + 200 + 100 + (50-0.1(2000)
S_p = 2000 - (2042)
S_p = -42
Since S_p is negative, there is excess demand in the economy.
Therefore, the correct answer is (b) there is excess demand in the economy.
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fill in the blank.___ a technological innovation can make established products obsolete overnight.
Answers
As old markets become saturated and new ones must be sought, many businesses have lost faith in sales in the global market.
Thus, Many businesses feel that the effort simply isn't worth it, especially when they have sly global rivals on their tails.
In this persuasive article, the author makes the case that well-managed companies have moved away from emphasizing customisation and toward offering globally standardized products that are state-of-the-art, useful, durable, and reasonably priced.
Multinational firms that concentrated on odd consumer preferences have been confused and unable to see the forest for the trees as a result of the trees. Long-term success is only possible for global businesses that put the needs of all customers above their own.
Thus, As old markets become saturated and new ones must be sought, many businesses have lost faith in sales in the global market.
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A technological innovation can make established products obsolete overnight.
technological innovation has the potential to revolutionize industries and quickly render established products obsolete. When a new technology emerges that offers superior features, functionality, or efficiency, it can disrupt the market and make existing products irrelevant.
This phenomenon is often seen in the technology sector, where advancements in areas such as smartphones, computers, and software can quickly make older models outdated. For example, the introduction of touchscreen smartphones revolutionized the mobile phone industry, making traditional button-operated phones obsolete.
Similarly, the rise of streaming services like Netflix and Hulu has disrupted the traditional television and DVD rental market, rendering physical media and cable subscriptions less popular.
Companies that fail to embrace and adapt to these technological innovations risk losing their market share and relevance. It is crucial for businesses to stay updated with the latest technological advancements and continuously innovate to remain competitive in today's fast-paced world.
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If you were starting a new business describe at least three departments to the company that you would need right away why are these departments so important
Answers
Answer:
Explanation:
These departments are as follow:-
1) Admin
2) Administrative
3) HOD (Head Of Departments)
A detail action plan is very essential in commercial fruit farming. Why?
Answers
Answer:
below
Explanation:
It is important because if the fruits get spoiled by bugs no one will be able to buy them and profits will go down. bo
is a measure of the intensity of competitive behavior among companies in an industry
Answers
Main answer: Market concentration is a measure of the intensity of competitive behavior among companies in an industry.
Market concentration refers to the degree to which a few large firms dominate an industry or market. It is a measure of the competitive landscape within an industry and provides insights into the level of competition among companies operating in that industry.
A high level of market concentration indicates that a small number of companies hold a significant market share and have substantial control over pricing, product offerings, and other competitive factors. This can result in reduced competition and potentially lead to higher prices, limited choices for consumers, and barriers to entry for new firms.
On the other hand, low market concentration suggests a more competitive market environment with a larger number of firms competing for market share. This can lead to lower prices, increased innovation, and greater consumer choice.
Assessing market concentration is important for understanding the dynamics of an industry and evaluating the competitiveness within it. It helps policymakers, regulators, and businesses gauge the level of competition and its potential impact on market outcomes.
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which republicans voted for debt ceiling
Answers
Answer:
John Barrasso of Wyoming, Roy Blunt of Missouri, Susan Collins of Maine, John Cornyn of Texas, Mitch McConnell of Kentucky, Shelley Moore Capito of West Virginia, Lisa Murkowski of Alaska, Rob Portman of Ohio, Mike Rounds of South Dakota, Richard Shelby of Alabama, and John Thune of South Dakota.
This is for my class in finance
What is one way to minimize the impact of unplanned spending on a budget?
I will mark brainliest !!!
Answers
Answer:
1. Work with credit card companies. ...
2. Sell your stuff. ...
3. Earn extra income. ...
4. Take on a short-term money loan. ...
5. Re-budget to live below your means. ...
6. Ask for a paycheck advance. ...
7. Make sure you're prepared for next time.
Why is it important for a human resource manager to carefully maintain
employee records?
Answers
Answer:
Certain records require employee privacy to be protected. Not maintaining and following best practices for employee record keeping leaves you vulnerable to defending yourself against lawsuits, labor investigations or audits.
Explanation:
For your assignment, read Jeremy's email then write at least three complete sentences describing how Jeremy used the SPA method to advocate for himself.
Dear Mr. Kwali,
One week ago, you gave us the homework to read one chapter every night. You told us that we would have to write a chapter summary every morning when we got to class. I was excited to read this book, but also nervous because it is the longest book I've ever tried to read.
Mr. Kwali, I am having a hard time keeping up with my reading. When I sit down to read, sometimes the letters move around. I am trying to read a chapter every night, but it takes me over an hour to read and I also need to finish all my other homework.
I thought of a solution. Could I come to your classroom at lunch so I could read and maybe get some help from you? This way, I can spend some extra time reading and I won't fall behind.
I know that you don't always have students stay for lunch in your classroom, so thank you for your help. Maybe I can come just twice a week.
Thank you,
Jeremy
Answers
Jeremy presented himself using the SPA technique, outlining his issue, his suggested remedy, and his appreciation.
What is advocate?A person who has received training to promote and defend the rights of others is an advocate. They are frequently attorneys, but they can also be non-attorney professionals like social workers, psychologists, or doctors. A person who speaks up on another person's behalf to ensure that their needs, rights, and interests are taken into consideration is known as an advocate.
They are in charge of analysing the law, conducting pertinent research, and making sure that their client's interests are represented in court or during other legal proceedings. In order to provide the voice of the oppressed a chance to be heard, advocacy is a crucial component of the judicial system. For individuals who believe they have no voice, advocates are frequently viewed as a ray of hope.
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A binding price ceiling is designed to:Question 2 options:a) increase efficiency.b) prevent shortages.c) keep prices below the equilibrium level.d) increase the quality of the good.
Answers
A binding price ceiling is designed to c) keep prices below the equilibrium level.
What is a binding price?A binding price ceiling is a term used to refer to a case whereby government sets a required price on a good or goods.
This price is usually set at a price below equilibrium.
Producers are are usually at the beneficial sides as a result of the binding price floor incase the price is higher than equilibrium price.
while Consumers are always worse off since they must pay more for a lower quantity.
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In Virginia, government agencies that address market failures include the Attorney General,
the Department of Labor, and the Department of Environmental Quality. true or false ?
Answers
Answer:
The answer is False.
Explanation:
The office of the Attorney General in Virginia primarily responsible for attending to matters of the state such as:
Representing the governor and the state in legal matters; Consulting for members of the Virginia General Assembly (VGA) and local government officials Acting as the defense counsel in legal suits filed against the stateDefending the constitution of the stateThe department of Labour on the other hand is tasked with the following mission to position Virginia as a conducive place to live work or run a business. It tries to achieve this by adopting and promoting international best practices.
Department of Environment of course is focused on ensuring that companies and individuals uphold the law in relation to the environment.
Managing the stability of inflation, employment and interest rates by the use of monetary policies.
Cheers
Write a three- to five-sentence paragraph that defines economics. Based on your definition, explain why it is difficult to consider economics an exact science. You may want to consider how economists approach economics to help you explain your answer.
Answers
Answer: See explanation
Explanation:
Economics is referred to as a social science that is concerned with how goods are produced, how they're distributed and how they're consumed. Economics is the social science that studies why human beings behave the way that they do.
It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.
Oliver is a manager at a clothing store. He spends most of his time in the store with his employees, making sure they work their scheduled hours, watching them interact with customers, and ensuring all the daily tasks are completed sufficiently. Oliver is a
Answers
According to the context Oliver is a first line manager, where his function is more of control and supervision than direction.
What are first line managers?They are the ones whose function is to supervise the work of the lower levels and to communicate the inconveniences to the middle managers.
These types of managers are found after the operators or workers and lack the authority to make decisions that guide the business course.
Therefore, we can conclude that a first line manager is the one in charge of supervising the work of other people at a lower level, that is, they maintain and manage the work team.
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can someone please help me i will mark the first person that gives me the help i am looking for the brainlyest
Answers
Answer:
you should have made the screen shot small so that they cant see your name
Explanation:
also these are links so i dont know how to help with this
dude please charge ur phone