At a time when demand for ready-to-eat cereal was stagnant, a spokesperson for the cereal maker Kellogg’s was quoted as saying, “ . . . for the past several years, our individual company growth has come out of the other fellow’s hide.” Kellogg’s has been producing cereal since 1906 and continues to implement strategies that make it a leader in the cereal industry. Suppose that when Kellogg’s and its largest rival advertise, each company earns $0 billion in profits. When neither company advertises, each company earns profits of $8 billion. If one company advertises and the other does not, the company that advertises earns $48 billion and the company that does not advertise loses $1 billion. For what range of interest rates could these firms use trigger strategies to support the collusive level of advertising?

Using game theory, explain how actions by firms in their own self-interest can lead oligopolist firms to suboptimal (from the firms point of view) results.

Why oil prices dropped below zero, in the U.S.A future market contracts.

The Trump administration Tax Cut and Job Act lowered corporate tax from

35% to 21%. The Act also lowered individuals and households tax rate. Using the

long-run model of the economy developed in Chapter 3, State in words what happens

to: i. the real interest rate; ii. national saving; iii. investment; iv. consumption; and

v. output. (15 pts)

1. On Friday March 10th 2017, around 11pm your instructor Mr. Tamba Yaradouno was at O'Hare International Airport in Chicago picking up a relative. At the passengers arrival what they call "Vestibule" or numbered gates, he could not park and waited for long. The area was packed, airport security cars flashing lights everywhere not allowing anyone to park but just enough time to pick up people.

On Friday October 12th 2018 at about same time your instructor was at the same spot of that airport to surprisingly notice that the area was completely empty and sat there for almost two hours.

Explain in your words in two pages including graphs (hand written or typed, Microsoft office word, times new roman, 12 fonds, double spaced):

a. What has happened to the demand curve of tourists visiting Chicago and the USA in general.

b. What could happened to both demand and supply curves of airport jobs, to the international flights into the USA if this trend of tourists decline continue.

Note: Do not include COVID- 19 here, this is the change of the world view of the USA from the Obama administration compared to President Trump and thus the changes of the number of tourists visiting USA

Why did Putin change the electoral system relating to presidential elections in Russia?

legal system in Uzbekistan,related to economy

A graphing calculator is recommended.

Solve the following exercise on a graphing calculator by graphing an appropriate exponential function (using x for ease of entry) together with a constant function and using INTERSECT to find where they meet. You will have to choose an appropriate window. (Round your answers to one decimal place.)

At 3% inflation, prices increase by 3% compounded annually.

(a) How soon will prices double?
  yr

(b) How soon will prices triple?
  yr

So, I am trying to do a research about Economic and Social Cost of the Opioid Crisis in the US , So I need to write

• background on this issue( typed please)

• policy question and maybe a couple of paragraphs on that background and policy question and then the research question.

Please help and type it, Thanks

Solved parts a-e, need the rest.

1. Suppose the economy can be defined as the following:

Consumption Function: 3000+0.6*(Y-T)

Investment Function: 600-50r

Government Expenditure = 500; Tax = 500

Net Export = 300–30r

M = 10000

Money Demand Function: L(Y,r) =5Y–2500r

a) Derive the IS curve.

IS: r = 51.25 - .005Y

b) Derive the LM curve

LM: r = .002Y-4*(1/P)

c) Suppose P = 10, compute the equilibrium interest rate and output.

(e.g. If you compute r = 2.46, treat this as 2.46%)

r^∗=14.357, Y^∗=7378.571

d)Graphically illustrate the solution for part d, you should have four graphs: graph with the AD curve, the IS-

LM diagram, the Keynesian Cross (market of goods and services) and the theory of Liquidity Preference (market of real money balance).

Impact of Fiscal Policy

e)Suppose government spending increases to 700. Redo (a-d).

IS: r =53.75-.005Y, r^∗=15.071, Y^∗=7735.714

f)Compute the size of crowding out effect.

Crowding out size = _____________

g)Show how this increase of government expenditure affecting the graphs you draw on part (e)

(Don't need this one)

Special case

i)Suppose everything is the same, except now the LM curve is independent to interest rate, more specifically, LM : Y = 8000. Compute the equilibrium interest rates and outputs before and after the increase in government spending.

Before: r^* = ____, Y^* = _____

After:r^* = ____, Y* = _____

j) What is the size of the crowding out effect?

Crowding out size = _______

Neo-Classical Economics assumes the perfectly competitive labor market; therefore, Neo-Classical Economics argues wage flexibility clear the labor market. In the labor market, equilibrium wage rate is determined by the demand for labor and the supply of labor, and at the equilibrium everyone who wants to work at the equilibrium wage rate finds a job.

a) Graph equilibrium in the labor market

. b) What is the unemployment rate if the labor market is at equilibrium?

c) How does the labor market adjust to new equilibrium if the demand for labor decreases sharply? Graph your answer.

d) Should government regulate the labor market, according to Neo-Classical Economics? Why or Why not? Explain your answer. e) Recently 6.6 million Americans have filed for unemployment benefit. How would a neo-classical economist approaches to this news? (8 points)

1. Discuss the general purposes of taxes? Give examples.

2. How politically popular is it for government to reduce spending and/or to raise taxes? Explain.

What do you think will be the impact of innovation, production and new technology on an equal economic society?

a.

a. What does a contractionary monetary policy​ involves?

b. Who is responsible to implement monetary policies in the​ US?

c. When would the central bank of a country implement this type of​ policy? Explain.

d. Using a graph explain the impact of this contractionary policy on the economy specifically​ - real​ GDP, unemployment and rate of inflation.

You can draw the graph on a​ paper, label it as MONETARYPOLICY