Inflation for the past several years has been 3% and people believe it will continue to be 3% in the future. The economy starts out at full employment.

a. If a worker earned $20 an hour last year, how large is the raise you would expect the worker to receive in the next year’s contract? (Give a $ amount.)

b. If all workers experience the same percentage wage change, will the AS curve shift up or down? Briefly explain.

c. Will the Fed need to increase or decrease AD to keep the economy at full employment? Briefly explain.

The aggregate supply curve is

a. a schedule showing the relationship between the price level and the quantity of real GDP supplied.

b. usually negatively sloped.

c. unaffected by the prices of inputs such as real wage rates.

d. All of the above are correct.

In at least 4 paragraphs discuss the social and economic costs of heavy reliance on automobiles for transportation. Explain what alternative options policymakers can consider to reduce some of these costs.

1. In at least 4 paragraphs explain what Land Use regulation is and discuss how it can be used to promote segregation and affect the density of residential development.

Why did WWII best reflect the legacy of FDR's New Deal? -Can someone provide an answer with a few short examples?-

according to real bussiness cycle theory what is the source of business cycle?what is the role of fluctuations in the rate of technological change?how do real gdp and price level change if the forecast of inflation is incorrect

Health Econ Question: How do hospitals and physicians contribute to the rising costs of health care?

Why FOMC is important?

What does FOMC do?

Can the Fed control over the federal funds rate and over bank reserves simultaneously?

One of the Principles of economics “Trade Can Make Everyone Better Off.” Based on your understanding of this principle, first, explain the fundamental principles of the trade between the two countries. Today we can see that some countries started to impose some restrictions on the flow of goods and services, do you think these practices contradict the principle? Why?

I need the answer minimum of 500 words please.

What is important about the Fair Pricing price and when would it be used instead of the Social Optimal price?

Explain the reason for the following phenomenon: At parties in which several
conversations are simultaneously in progress, it is common for everybody to be shouting
to be heard over everybody else, whereas they would all be heard better (and save wear
and tear on their vocal chords) if they all spoke in normal tones of voice.