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Posted by on Tuesday, March 1, 2011 at 1:41pm.

Suppose the economy has been experiencing zero inflation and five percent unemployment for several years. The government decides to lower the unemployment percentage by generating some inflation. You need to do the following:

  • economics today - , Tuesday, March 1, 2011 at 1:50pm

    I personally would do nothing.

  • economics today - , Sunday, January 15, 2012 at 6:38pm

    Do total profits (A) decrease, (B) increase, or (C) stay the same when new technology reduces average
    total costs (shifts ATC downward in Figure 26.2 ) in
    (a) An unregulated natural monopoly?
    (b) A price-regulated natural monopoly?
    (c) A profit-regulated natural monopoly?

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