The medium-run equilibrium is characterized by four conditions: output is equal to potential output y = yn. the unemployment rate is equal to the natural rate u = un. the real policy interest rate is equal to the natural rate of interest rn where aggregate demand equals yn. the expected rate of inflation pe is equal to the actual rate of inflation p. a. if the level of expected inflation is formed so pe equals p1-12, characterize the behavior of inflation in a mediumrun equilibrium. b. if the level of expected inflation is pq , what is the level of actual inflation in the medium-run equilibrium? c. write the is relation as y = c1y - t2 + i1y, r + x2 + g. suppose rn is 2%. if x increases from 3 to 5%, how must the

in terms of experimental research, mcdonald’s charging different prices in the two cities relates to

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3