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Suppose the Fed's Beige Book reported that "in South Florida, bookings for the summer tourist season were off to a slower start than last year" and that "tourist counts and revenues were down in Hawaii and Las Vegas and at destinations such as golf schools and luxury resorts in the inter-mountain states and along the West Coast."
If this information reflects nationwide consumer choices regarding discretionary income, what would you predict about the future course of Fed policy regarding interest rates?
Would your prediction change if you believed that slower travel activity was the result of higher gasoline or other transportation costs?
Her salary rate is $8 every hour and she has 15 hours per day to allocate between labor and leisure.
Explain the impacts of an expansionary fiscal policy such as a tax cut on the levels GDP, Consumption, Investment, interest rate and unemployment and price.
Calculate the effect of the following events on the monetary base:
What is its sustainable growth rate. Illustrate what must its profit margin be in order to achieve its sustainable growth rate.
Diffentiate among short-run and long-run and consider the role of expectations.
Explain how would the subsiquent changes in price affect total revenue. What are the major determinants of price elasticity of demand.
Discuss the feasibility of lower middle or low income countries resorting to fiscal stimulus to stave off recessions in their own economies. You can use one or more countries as examples.
Explain how might these regulations be thought of as being a negative technological change.
Most Republicans need to reduce federal spending. Democrats do not want to reduce federal spending by as much as Republicans do.
You have been hired to work with a resort owner in Northern Minnesota. This resort owner runs a very small operation catering to mostly people who like to fish.
Elucidate how your policy would help increase aggregate demand.
Fewer potatoes are demanded when the price of rice has fallen from $ 0.25 to $0.10 cents per pound-The Molly Jock wants to buy a high definition television to watch the Olympic Greco roman wrestling competition in Beijing.
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