Start with a short-run Phillips curve (PC) showing 8% unemployment and 3% inflation. Now show with a diagram and describe what policy you would use to reduce unemployment to 5%. What is the outcome? Show the likely final result with another PC diagram. (4)

1. Team A and Team B are competing in the following game: There are 25 flags planted on the beach. On its turn a team may take 1, 2, 3, or 4 flags. The team that takes the last flag wins. Team A chooses first. You are the captain of Team B. Using backward induction, devise and explain a strategy that guarantees your team will win.

What is the role of metrics in social media marketing programs? How do the metrics used in decision-making vary at different levels of the organization?

1. Macaroni Unlimited, Ltd. (MUL), is trying to decide whether or not to enter the spaghetti sauce market. It knows that its actions will be closely monitored by the local spaghetti sauce monopoly, Sicilian Scintillations (SS), which can then choose whether or not to set a high price for sauce or a low price. If Macaroni Unlimited does not enter, it earns profits of zero. If it does, then its profits depend on SS's price. If the price is low, Macaroni Unlimited loses $100. If the price is high, it makes $50. SS's profits with a low price are $10 if MU does not enter and $70 if MU does enter. SS's profits with a high price are $200 if MU does not enter and $50 if MU does enter.

a) Draw this game in the Normal Form (the boxed table like in this Module, payoff matrix).

b) Does either firm have a Dominant Strategy? If so, which?

c) Find all of the Nash Equilibria (in pure strategies).

How has the study of trade patterns evolved over time, and in the light of empirical testing of trade models

1. (3 pts.) Of the following alternatives, which is the best measure of the economic satisfaction of the

members of a society:

A. Nominal GDP

B. The rate of in

C. The value of corporate prots

D. Real GDP

Suppose the world price of banana is P* and Ecuador decides to offer its banana exporters an export subsidy $s/unit. Use a graph of domestic demand- and supply-curves and:

(a) show the effect of the export subsidy on Ecuador's banana price, domestic supply, domestic demand, export quantity, consumer surplus, producer surplus, and government expenditure assuming Ecuador is a small country;
(b) identify Ecuador's net welfare change as a result of the export subsidy assuming Ecuador is a small country;

(c) Assuming a production subsidy is used instead, show the effect of the production subsidy on Ecuador’s banana price, domestic supply, domestic demand, export quantity, consumer surplus, producer surplus, government expenditure and total welfare assuming Ecuador is a small country.

(d) Between export subsidy and production subsidy, which would be preferred by the consumers?

(e) Between export subsidy and production subsidy, which would be preferred by the domestic producers?

(f) Between export subsidy and production subsidy, which would be more desirable to the country?

how the company uses social network to improve its online auction

How did macroeconomic policies contribute to the Golden Age (and describe the main characteristics of the Golden Age)?

What are the strengths and weakness of federalist 51?

What was the purpose of federalist 51 (summary and analysis)

10. Historically, Fannie Mae and Freddie Mac went to banks and other mortgage originators, firms that loaned money to homebuyers, and buy their mortgages. This allowed the banks and other originators to make still more mortgage loans. Fannie and Freddie and investment banks would combine mortgages and sell them to individuals and businesses in the form of mortgage-backed securities (MBS).

In financial investing, there is generally a tradeoff between risk and reward. Greater returns usually come with greater risks. Financial investors interested in investing in the U.S. housing market while prices were still rising, sometimes at double-digit annual rates (“Flip This House”), became interested in U.S. mortgage-backed securities issued by Fannie and Freddie and major investment banks

a. How did private markets evaluate the default risk of MBS and why were risks so underpriced prior to the 2007-09 recession?

b. Conservative investors in MBS could buy a form of “insurance,” from other firms including traditional insurance companies (AIG) called credit default swaps, against potential mortgage defaults. When MBS became toxic assets, what happened in the market for these insurance-like contracts?

After you graduate from university, you find a job in a company that produces good X. You are working in a competitive market. Your boss asks you to compute the price elasticity of demand, income elasticity of demand, cross-price elasticity of demand, and the price elasticity of supply. The question is: how your boss will benefit from computing each of these elasticities. Explain in detail with an example for each case.

I need the answer minimum 500 words.