draw two Phillips curves that describe the four situations listed here.

A. Suppose a drought destroys farm crops and drives up the price of food. What is the effect on the short-run trade-off between inflation and unemployment?

 

B. The Fed decides to reduce inflation. Use the Phillips curve to show the short-run and long-run effects of this policy. How might the short-run costs bereduced?

C. Suppose the natural rate of unemployment is 6 percent. On one graph, draw two Phillips curves that describe the four situations listed here. Label the point that shows the position of the economy in each case.

a. Actual inflation is 5 percent, and expected inflation is 3 percent.

b. Actual inflation is 3 percent, and expected inflation is 5 percent.

c. Actual inflation is 5 percent, and expected inflation is 5 percent.

d. Actual inflation is 3 percent, and expected inflation is 3 percent.

Calculate p(0) such that p(y) is normalised.

A PCM transmitter sends out a 12-bit serial digital signal with 5 V corresponding to a 1 and 0 V corresponding to a 0. The signal passes over a transmission….

estimate the probable number of errors if 1600 bits of information are transmitted.

Ten measurement signals are input to a multiplexer so that each one is sampled twice per second. The multiplexed signal is input to a serial digital transmitter incorporating a 10-bit….

Calculate the cost per equivalent unit of material and conversion cost for January

Calculate the cost per equivalent unit of material and conversion cost for January – using the Weighted Average Approach Units Materials Conversion Work in process January 1 2,500 50% 35%….