Consider the economy of freeland, whose overall actual price index and actual output are p and y respectively, and the natural rate of output is ˉ y . there are two types of firms in freeland: firms with flexible prices, which set prices according to p = p + 0.5(y − ˉ y ); and firms with sticky prices, which set prices base on p = pe (the expected overall price index). also the fraction of firms with sticky prices is s = 0.75.

Determining effects of stock splits oracle corp has had the following stock splits since its inception. effective date split amount october 12, 2000 2 for 1 january 18, 2000 2 for 1 february 26, 1999 3 for 2 august 15, 1997 3 for 2 april 16, 1996 3 for 2 february 22, 1995 3 for 2 november 8, 1993 2 for 1 june 16,1989 2 for 1 december 21, 1987 2 for 1 march 9, 1987 2 for 1 a. if the par value of oracle shares was originally $2, what would oracle corp. report as par value per share on its 2015 balance sheet? compute the revised par value after each stock split. round answers to three decimal places.