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Discuss the laissez-faire and Keynesian schools of macroeconomic management, respectively. How do those approaches apply to the international economic systems of the pre-Bretton Woods and Bretton Woods systems? Use the systemic and subsystemic levels-of-analysis to account for the transition from the laissez-faire to Keynesian approach, post-war. Was that transition warranted, in your opinion, from the standpoint of IPE? Explain.
Define and explain the money multiplier. Identify the change to the money supply in the following situation: The required reserve ratio is 12.5 percent and the Fed increases the monetary base by $100.
Grapple Market Share Corporation would like to know what information federal agencies have about Grapple’s operations, so that the firm will know what its competitors may be able to learn about it. Can Grapple require the agencies to disclose whateve..
As the United States becomes wealthier, and as medical care interventions become more effective in improving health, spending more on our national wealth on medical care is good, not bad.'
In September 2012, the New York City Board of Health approved Mayor Michael Bloomberg's proposal to ban the sale of large sugary drinks in restaurants and other venues in an attempt to reduce obesity and promote more healthful living. How do you thin..
Write at least one primary and one alternative recommendation from the selected strategies in response to each identified planning need. More than one recommendation may be needed to address all of the planning needs. It is suggested that each recomm..
The simple interest formula is I = Prt (Interest = Principal * rate * time). This is one way that interest is calculated on a loan or investment. Create a loan scenario: Tell a story about the purpose of the loan, who was involved, and explain the te..
During the most recent recession General Motors and Chrysler lost huge sums of money in their operation (not counting government bailout money they could not assume they would get). How could they continue to operate at a loss?
Proponents of zero inflation argue that even mild inflation (1 to 3 percent) reduces the economy's real output. Do you agree or disagree with this assessment? Why?
If LRAS = $500 billion, RGDP = $700 billion, and MPC = .8, then what should the Fed do? Be Specific. Also draw and label both the current situation and what would occur as the government impacted the economy through their actions.
In the Solow growth model, human capital will increase if (choose the best answer):
Suppose the mayor is suggesting an increase in gas taxes that would affect the commute costs and thus bid rent curves for residents Pr=5.5-0.75x. Calculate the new size of the city.
Why a change in the way government might makes transfers to the poor change the poverty rate even if there is no change in the amount of money transferred?
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