V. Consider an economy with output equal to the natural level of output. Now suppose there is an increase in unemployment benefits.
a. Show the effects of an increase in unemployment benefits on the position of the AD and AS curves in the short run and in the medium run.
b. How will the increase in unemployment benefits affect output and the price level in the short run and in the medium run?
Answers: 1
Business, 22.06.2019 03:00, itscheesycheedar
Compare the sources of consumer credit 1. consumers use a prearranged loan using special checks 2. consumers use cards with no interest and non -revolving balances 3. consumers pay off debt and credit is automatically renewed 4. consumers take out a loan with a repayment date and have a specific purpose a. travel and entertainment credit b. revolving check credit c. closed-end credit d. revolving credit
Answers: 1
Business, 22.06.2019 20:10, boofpack9775
As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits
Answers: 3
V. Consider an economy with output equal to the natural level of output. Now suppose there is an inc...
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