You are studying abroad in australia for a semester. unemployment has been creeping up and currently stands at 6%. this rate is getting a little too high for comfort, so the central bank of australia decides to do something about it. when you arrived in the country, inflation was hovering around 3% and had been at that level for a few years. the central bank’s action leads inflation to increase to 5%. a. what happens to unemployment in the short run if inflation is expected to be 0%? b. what happens to unemployment in the short run if citizens of australia have adaptive expectations? c. what happens to unemployment in the short run if citizens of australia have rational expectations?

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation

What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories