Consider the following Keynesian (short-run) model along with the Classical (long-run) model of the economy. Labor Supply: , Capital Supply: , Production Function: , Depreciation Rate: , Consumption Function: Investment Function: Government Spending: Tax Collections: Money Demand Function: , Money Supply: , Price Level: a. Find an expression for the IS curve and plot it. b. Find an expression for the LM curve and plot it. c. Find the short run equilibrium level of output and real interest rates. d. Find an expression for the AD curve. (Hint: The aggregate demand function is found by setting the IS curve equal to the LM curve to eliminate r while leaving the price level P unconstrained. So start by LM curve with an unconstrained P, then replace r with the IS expression you got in part a.) e. Find an expression for LRAS curve. f. What are the long run equilibrium values of output, prices, and interest rate

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.

What are two benefits of consumer programs