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What phase of business cycle is the US currently in? Explain in detail. Determine the latest GDP [both real and nominal] of the United State? How has the GDP changed since the 2007? What are economists predicting for the current year? What are some events that have occurred, or will soon be resolved that likely will affect the economy in 2011?
I have started on the paper, but am kind of stuck and could really use some guidance. If anyone can offer their assistance, I'd really appreciate it. I need detailed responses, please.
Assume you receive a 4% increase in your nominal wage. Over the year, inflation runs about 7 percent. Which of the following statements is TRUE?
Prove that a diminishing marginal rate of substitution either implies nor is implied by diminishing marginal utility.
Consider the problem of the book assuming that the utility is Cobb-Douglas (U (C, l) = C α l β )
Assume that the Fed Reserve adopts an inflation targe of 3% for its monetary policy.
Illustrate what did the USA do like other countries as well after the first oil price shock.
Aero Company currently has net income of $3 million and 1. million common shares outstanding which sell for $20 per share. Aero has decided to issue new stock to raise $4,000,000 to expand its operations.
The government levies an excise tax of 5 cents per unit sold on the sellers in a competitive industry. Both supply and demand curves comprise some elasticity with respect to price.
What divergences arise in equilibrium output and efficient output when spillover benefits and costs are present? Provide some 'real-life' occurrences.
Assume that you are the chief economic advisor to the president of the U.S..
To best serve customers interested in buying cars over Internet, Smart Motors, hire Nora Jones to respond to customer inquiries.
Save their domestic industries from facing any competition. It is an unrealistic approach as all the countries endeavor to achieve the same objective.
Elucidate the importance of competition among firms. Explain whether the competitive environment in this industry benefits society or not.
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