Reference no: EM131164570
1. Monetarism’s view of fiscal policy is:
the best way to “pump up” the economy.
the responsibility of the executive branch instead of the legislative branch.
not really practical during economic recessions.
that is its use should only be when monetary policy has failed.
a random disturbance and only makes things worse.
2. Monetarism’s view of income distribution and governmental inefficiency would lead the reader to conclude that:
a Monetarist would be in favor of eliminating the inheritance tax.
Socialism is more efficient than Capitalism in distributing income equally.
a Monetarist would be in favor of price controls on similar bundles of goods.
inequality resulting from differences in personal capacities was unfair.
all of the above are true.
3. Monetarism’s view of monopoly leads the reader to conclude that he believes:
that businesses should make stockholders a top priority instead of the public.
that businesses should be giving more back to the communities where they are located.
that businesses do not pay a high enough corporate tax rate.
that the government rather than the consumer should hold businesses accountable
that inefficient businesses like monopolies would not exist in a competitive market.
4. Friedman’s view of social welfare measures is that:
they have been beneficial and should be expanded.
they have led to more equality in income distribution.
the measures have been largely ineffective and have led to increased government control.
they are costly in the short run but benefits accrue in the long run.
they should be abolished completely.
Strong link between changes in money supply and inflation
: The Taylor rule links the Federal Reserve's target for the. Expansionary monetary policy refers to the ________ to increase real GDP. Which of the following best describes how banks create money? There is a strong link between changes in the money su..
|
Practical use of optimization models and linear programming
: In a couple of paragraphs describe the practical use of optimization models and linear programming. Where do you think it is best applied? What industries would be beneficial to use optimization models?
|
What is the expected value of the project
: Ms. Lee Ding is considering whether the following capitol project should be undertaken. Its life is 6 years; it has a 6% salvage value; and her firm uses a 12% MARR. What is the probability of it costing $300,000? What is the probability of the net r..
|
Possibility frontier exhibiting increasing opportunity cost
: Cattletown steakhouse is a restaurant known for its steak meal and hamburger basket. Draw a graph showing a production possibility frontier exhibiting increasing opportunity costs.
|
Monetarism’s view of fiscal policy
: Monetarism’s view of fiscal policy is: Monetarism’s view of income distribution and governmental inefficiency would lead the reader to conclude that: Monetarism’s view of monopoly leads the reader to conclude that he believes: Friedman’s view of soc..
|
Firm that is operating at loss has two options
: In the short run, a firm that is operating at a loss has two options.
|
Derive equation for slope of utilities possibilities curve
: Norton and Ralph have a utility possibility frontier that is given by the following equation, UR + (UN)^2 = 100. Plot the utilities possibilities frontier on a graph with UR on the vertical axis and UN on the horizontal axis. Derive an equation for t..
|
Town council issues permits for trapping lobsters
: Horsehead, Massachusetts lies on a bay inhabited by lobsters. The town council issues permits for trapping lobsters and is trying to determine how many permits to issue. Graph the marginal revenue and marginal cost curves for operating a boat. Suppos..
|
Calculate number landings that maximizes airport profits
: An airport is located on a tract of land owned by a housing developer. The developer would like to build houses but noise from the airport reduces the value of the land. The airport’s total profits are ΠA(x) = 48x − x^2 where x is the number of airpo..
|