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1."During a boom, when inflation is perceived to be greater problem than unemployment, the government can run a budget surplus, helping to slow down the economy," Do you agree or disagree with the statement? Explain.
2. Explain and illustrate using the graph of the labour market and the production function the effect of decrease in labour productivity on potential GDP, the quantity of labour, and the real wage rate.
3. Consider an economy that is operating at full employment. Explain and illustrate using AD/AS model the effect of a decrease in government spending on real income and the price level in the short run and in the long run. (note: clearly explain the process of adjustment from short run to long run)
Suppose the commodity market and the money market for an economy are described throughfollowing IS and LM curve.
Could you conclude this data shows the proportion of politically motivated expatriates has increased Use the 0.05 significance level.
Talk to a current economic situation happening within the foreign country referencing your Economist Article. What is the foreign exchange rate in comparison to the U.S.? What trade agreements, if any, is this a country a party of
An internal study at Mimeo, revealed that much of its workers assembles 3 copiers per hour and is paid $3 for every assembled.
To repay a $1000 loan, a man paid $90 at the end of each month for fifteen months. What was the (annual) nominal interest rate? Assume monthly compounding.
If someone has given you $10,000 for one year as a lump sum, or $1,000 over ten intervals, or $100 over 100 intervals (always over one year) assuming a 5% APR can income be gained "continuously"?
Illustratr what is there is an increase in the supply of money.
Some people have suggested that forced population control is an efficient means of reducing the Tragedy of the Commons associated with our clean air and water resources. Provide an argument that would support this theory, and also an argument that..
Explain how much should Jet Blue charge for a Business Class ticket.
Under the maturity extension program, the Federal Reserve sold or redeemed a total of $667 billion of shorter-term Treasury securities and used the proceeds to buy longer-term Treasury securities, thereby extending the average maturity of the secu..
Illustrate what are the limits to long-term economic growth in the US.
Consider the economies of Hermes and Gribinez,both of which produced gaggles of gop using only tools and workers.Suppose that,over the course of 50 years,the level of physical capital per worker rises by one tool per worker in each economy,but the si..
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