6. The short-run inflation-unemployment trade-off The following graph shows the combinations of unemployment and inflation that existed in the United States from 1961 through 1969. INFLATION RATE (Percent) 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0 3.0 3.5 69 68 67 +66 + 4.0 65 64 62 63 4.5 5.0 5.5 6.0 UNEMPLOYMENT RATE (Percent) + 6.5 61 7.0 ?

What’s Wrong with Economics: A Discussion Between Paul Krugman and Jeff Madrick. (2015). Challenge (05775132), 58(2), 112–134. · Cochrane, J. H. (2011). How Did Paul Krugman Get It so Wrong? Economic Affairs, 31(2), 36–40. You are expected to critically evaluate the three articles provided, identify themes and gaps, then synthesize what you have learned, keeping in mind Krugman’s economic impact. The paper should be a minimum of 1500 words in APA format.

The price of a daffodil is $0.97. When average income is $52,000 demand for daffodils is given by P = 5.2 - 0.0025Q, and when average income is $58,000 demand for daffodils is given by P = 5.5 - 0.0025Q. Calculate the income elasticity of demand. Remember to leave at least two numbers after the decimal. If the answer is negative you must enter the - sign.

What are the general philosophies of any two of the following famous economists? Is it possible to get help understanding why they are so significant? John Maynard Keynes, Milton Friedman, Adam Smith, Karl Marx, John Stuart Mills, Friedrich Hayek.

Write down the merits of deductive method of economics? 300 words

Explain the difference(s) between an economic and an econometric model . Write down examples for each model by using the variables that is decided for your project .

Which among the following is not true? Select one: a) None of the answers are correct b) Time is a valuable economic commodity c) Economic value of time varies from person to person d) Economic value of time is same for each person e) All the answers are correct

The illusion of pattern shapes our everyday lives. How does this illusion emerge (refer to law of small numbers & impossibility of causal explanations) and how does it affect decision-making?

Hello can any one help with this Economics question: A restaurant serves two special dishes, A and B to its customers consisting of 60% men and 40% women. 80% of men order dish A and the rest B. 70% of women order B and the rest A. In what ratio of A to B should the restaurant prepare the two dishes ?

According to David Harvey, subject is social sciences need: a) multidimensional analysis b) idealist analysis c) positivist analysis d) monodimensional analysis