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Questions:
1) (a) Analyse both the conventional and unconventional tools used by central banks.
(b) In a 2012 study the International Monetary Fund (IMF) reported that the fiscal multiplier for the periphery of the Eurozone was roughly equal to 0.5. One year later, IMF recognised its mistake reporting that the fiscal multiplier was approximately equal to 1.7.
Discuss the above statement explaining what the fiscal multiplier is.
2) (a) Discuss the different types of unemployment.
(b) According to The Office for National Statistics UK, unemployment is reduced with optimistic prospects for 2014.
Which type of unemployment is responsible for this reduction in the unemployment rate? Explain your answer.
(c) Imagine yourself as Chief Economists of World Bank at their London headquarters. One morning you are informed that the OPEC countries made and agreement according to which they are going to reduce the produced quantity and to increase the price.
What impact such agreement would you expect to have on the UK economy? In your analysis use a diagram.
In the months of preceding the expiration date, bargaining teams for the UAW and General Dynamics met to negotiate a new contract.
Illustrate what is the
Compute the change in total income which is P times Q moving
Some possible platforms on which to write are comparative advantage, gains from trade, World Trade Organization and trade restrictions.
Describe what your chosen state can do to increase the supply of nurses. Include at least one appropriately cited and documented quotation to support a point.
Illustrate what effect does the current supply and current demand have on this product. Describe how each of the 4 factors contributed to the elasticity of the good.
Explain why do some economists argue that reduction in the rate of taxation and capital gains can actually increase tax revenue collected from such gains.
Elucidate the fiscal policy also which factors limit its effect.
Illustrate what is the biggest economic concern for Argentina, like unemployment or population.
Illustrate what are the pros and cons of a company that competes in a global environment. How do you think this has affected the U. S. economy and the global economy.
Elucidate the difference between economic profits and accounting profits. Using the concepts of relative elasticity and relative inelasticity, explain price elasticity of demand.
Elucidate that the indirect utility fuction of quasi convex function of prices and income
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