Suppose the economy starts off in long-run equilibrium. If the pandemic ends up immobilizing 10% of the labor force in the U. S. permanently how would this affect output and price in the short run and in the long run? Assume that people do not adjust their price expectations in the short run. Illustrate this scenario using the AD-AS model just like you did in Question 1 above, and state clearly what happens to P and Y in the short-run equilibrium, and then in the long-run equilibrium.

Suppose you invest $2250 in a cd that earns 3% apr and is compound quarterly. the cd matures in 2 years. how much will this cd be worth at maturity

The following data is provided for garcon company and pepper company. garcon company pepper company beginning finished goods inventory $12,600 $16,900 beginning work in process inventory 17,600 21,600 beginning raw materials inventory 7,700 10,650 rental cost on factory equipment 28,500 23,050 direct labor 23,000 39,800 ending finished goods inventory 18,500 14,100 ending work in process inventory 26,500 19,800 ending raw materials inventory 6,800 7,600 factory utilities 12,300 17,750 factory supplies used 13,000 4,400 general and administrative expenses 31,000 59,500 indirect labor 2,450 9,580 repairs—factory equipment 6,860 3,700 raw materials purchases 37,000 66,000 selling expenses 51,200 48,700 sales 238,530 337,510 cash 29,000 17,200 factory equipment, net 217,500 118,825 accounts receivable, net 16,800 24,200 compute the total prime costs for both garcon company and pepper company.

What outputs a and b (in millions of dollars per year) should the two industries generate to satisfy the demand? you may be tempted to say 1,000 and 780, respectively, but things are not quite as simple as that. we have to take into account the interindustry demand as well. let us say that industry a produces electricity. of course, producing almost any product will require electric power. suppose that industry b needs 1o¢ worth of electricity for each $1 of output b produces and that industry a needs 20¢ worth of b's products for each $1 of output a produces?