Assume that the Phillips curve for a given economy is given by: n=nt-1-0.5 (ut -0.06) a. Explain the concept of the natural level of unemployment using the above Phillips curve b. draw the short-run and the long-run Phillips curve c. Suppose that the Central Bank wants to reduce the mflation rate in period t by 5% According to the Phillips curve defined above explain the effects of this policy in the short-run. By considering the Olun's law, what is the change in GDP that will be associated with the change in unemployment rate​

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?