The New-Keynesians came up with their own story as to why we observe the positive money - output correlation. Begin with discussing why the New Keynesians believe that prices are sticky in as much detail as possible. Then use the efficiency wage theory/model to buttress (support) your argument (i.e., why does the efficiency wage theory play a critical role in explaining why firms are willing to produce more output at the same price?). Draw two graphs, one showing the effort curve and the efficiency wage (be sure to explain how firms pick the efficiency wage) and the other being a labor supply labor demand diagram with the assumption that the efficiency wage (w*) is above the market clearing (classical) wage (wclass). Why is this model so attractive in dealing with the empirical reality in labor markets that the classical school has such a hard time with? Now draw another diagram depicting what is happening in the product markets (assume monopolistic competition) and why firms are willing to change output at the given price level (short run) given the change in the money stock. Be clear (in words referring to your diagram) as to why exactly firms are willing to act like a 'vending machine' in the short run (increase output at the same price). Is this firm behavior, being willing to increase output at the same price, consistent with the firm's profit maximizing objective? Why or why not? Explain.
Which of the following governmental powers belongs to the states? A-Representing the United States to foreign countries B-Administering the District of Columbia CEnforcing laws passed by Congress D-Providing a good public education to its residents
Read this excerpt from the Declaration of Independence. Which portion of the text reflects the Founding Fathers’ ideas about the natural rights all people are entitled to? When, in the Course of human Events, it becomes necessary for one People to dissolve the Political Bands which have connected them with another, and to assume, among the Powers of the Earth, the separate and equal Station to which the Laws of Nature and of Nature's GOD entitle them, a decent Respect to the Opinions of Mankind requires that they should declare the Causes which impel them to the Separation. We hold these Truths to be self-evident, that all Men are created equal, that they are endowed, by their CREATOR, with certain unalienable Rights, that among these are Life, Liberty, and the Pursuit of Happiness.—That to secure these Rights, Governments are instituted among Men, deriving their just Powers from the Consent of the Governed, that whenever any Form of Government becomes destructive of these Ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its Foundation on such Principles, and organizing its Powers in such Form, as to them shall seem most likely to effect their Safety and Happiness.
During a bike challenge, riders have to collect various colored ribbons. each 1/2 mile they collect a red ribbon, each 1/8 mile they collect a green ribbon, and each 1/4 mile they collect a blue ribbon. which colors of ribbons will be collected at the 3/4 mile marker?
Evaluate FIVE (5) major sustainability issues which are wide spread in business environment. Discussion Points: 1. State action 2. Cities 3. Just transitions 4. Purpose 5. Weaponizing lawsuits 6. Worker voice 7. Gender identity 8. Fake news 9. Surveillance
Leslie has 25 cents in her pocket but does not have a quarter. If you can tell her all possible combinations of coins she could have that add up to 25 cents, she will give you the 25 cents.
In which situation could a case go to a federal court? •Mr. Jones gets pulled over for a speeding ticket. •Mr. Clark gets arrested for vandalizing a school playground. •Mr. Fields has to go to court over child custody. •Mrs. Blanchard is arrested for hijacking an airplane
SHOW ALL WORK PLEASE Percent Calculations (A) Calculate the percent or value requested. 1. What percent of 200 is 28? 2. What percent of 950 is 931? 3. What percent of 700 is 364? 4. What percent of 100 is 13? 5. What percent of 700 is 273? 6. What percent of 575 is 161? 7. What percent of 1,000 is 200? 8. What percent of 300 is 111? 9. What percent of 400 is 68? 10. What percent of 500 is 95?
A store is having a sale on trail mix and jelly beans. For 5 pounds of trail mix and 6 pounds of jelly beans, the total cost is $35. For 3 pounds of trail mix and 2 pounds of jelly beans, the total cost is $15 . Find the cost for each pound of trail mix and each pound of jelly beans.
