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Many people (economists included) blamed Alan Greenspan for the financial crisis and the Great Recession that followed. Describe two mistakes that many people believe Greenspan made. Does Professor Kelton think that a smarter central banker could have prevented the housing bubble and the subsequent crash in the U.S. economy? Who did she argue was to "blame" for the financial crisis and the recession of 2007-2009?
a.) Complex systems such as the climate are characterized by thresholds and feedback loops. Describe 2 positive feedback loops for global climate change. Describe 2 negative feedback loops for global climate change.
If citizens in the European Union (EU) favor investing in US financial assets (such as corporate and government bonds) over financial assets in the EU, will this make it a good or bad time to take a European vacation?
If a tax of $2 per kg is imposed on the producers state the new demand curve equation and the new equilibrium
Define what is the amount that consumers plan to buy during a particular time or period, at a particular price?
a) What is firm A Marginal cost curve? b) Firm A charges same as firm B = $30,000. What is the Marginal Revenue function of firm A. c) Given b, what is output produced and total profit from firm A (assume they are maximizing profit)
Propose several current and future economic issues confronting and changing the healthcare system. Analyze the significant implications of the issues in question for market efficiency of the healthcare system. Provide a rationale for your resp..
Determine the impact of at least 5 potential logical threats that require attention? Detail the security controls ( ie, administrative, preventative, detective and corrective) that the pharmacy could implemented to protect from the 5 selected logi..
Working with dates in any database can cause some frustration. How do the Format:format(Hire_Date,"dddd dd mmmm yyyy") (Oracle TO_CHAR)and to_date('#DateFormat(timestamp1, "DD-mmm-YYYY")# (Oracle TO_DATE) functions help in working with date log..
Give an example of how the Principle of Opportunity Cost applies to your life. Think of a recent decision you made. It could be a decision as simple as whether to eat out or cook your own dinner, or it could be a decision to quit your job and go back..
In economics, we usually assume that the manager's goal is to: Answer Maximize the firm's sales. Minimize the firm's costs. Maximize the firm's profit. Maximize the firm's stock price.
What are the pros and cons of each from a government perspective? Why would cash transfers typically be preferred by recipients over in-kind transfers?
Why is advertising prevalent in many oligopolies, especially when industry demand is inelastic. Illustrate your answer by assuming that with advertising, a firm's demand curve has price elasticity of -1.5 and without advertising, it is -2.
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