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1) Discuss and analyse the effectiveness of the fiscal and monetary policies employed in 2009, illustrating with aggregate demand-aggregate supply models. In your discussion, critically evaluate the above arguments put forward by Thornton (2009) and Stutchbury (2009). Discussion and analysis must be supported and referenced using peer-reviewed journal articles. (75%)
The year is 2035. In many occupations, robots are replacing humans. As it turns out, robots make very good house cleaners, but very poor ski instructors. Assuming the other determinants of demand for the two services are roughly similar, you would ex..
q1. manipulate demand of price elasticity. suppose that 50 units of a good demanded at a cost of 1 unit. a reduction
Explain the difference between real exchange rate and nominal exchange rate. What determines the real exchange rate and the nominal exchange rate in an economy?
If the actual budget deficit is $200 billion, the economy is operating $450 billion above its potential, and the marginal tax rate is 14 percent, what are the structural deficit or surplus and the cyclical deficit or surplus?
A 'structural' budget deficit is one that:
Which of following is true of monopoly and not of perfect competition?
Domino Sugar Company is considering buying Fisher Honey Company for $100 million. Based on information obtained from 500 supermarkets around the country, when the price of 1 lb. of Domino Sugar went on sale from $2.00 to $1.50, the average number of ..
Suppose the equilibrium price in this market is P^E= 9. Consumer surplus in this equilibrium is $?
Which would be considered an investment in the context of national income accounting according to economists. The best measure of the income households actually have available to spend is. Household production and the underground economy
Whenever there is an outflow of funds from any of the balance of payments accounts, it is recorded as a __________ , and called _______ .
There are 20,000 hours of labor for country A. 5 hours of labor are required to produce 1 unit of S, while 4 hours are required to produce 1 unit of T. If a world relative price is given as 2, and A's imports = 2,000, what are A's exports?
Suppose a firm uses both labor L and capital K as inputs to production. Its production function is of the Cobb-Douglas form, i.e. F(K, L) = K^(1/3) L^(2/3) The firm charges a price P for every good it sells, pays a nominal rental rate R to every unit..
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