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In 2001 the government of Anchovy collected receipts of $100 billion and had expenditures of $125 billion. Its GDP was $400 billion. The government's deficit was what percent of GDP in 2001?
A) 6.25%
B) 12.50%
C) 25.00%
D) 100.00%
Discuss ways the Fed's objective function can be used with an economic model to evaluate alternative monetary policies. Discuss ways that economists could use the Phillip's curve to create better economic policy than we currently have.
Discuss adjustment process using AD AS analysis that will ensure that the economy will return to full employment.
Illustrate and fully explain using an example of relevant cost (a cost whose value does affect the optimal decision) and an example of irrelevant cost (a cost whose value does not affect the optimal decision) to the business regarding this decisio..
What is the likely impact of this policy on Asian foreign exchange reserves? On Asian inflation? On Asian export competitiveness? On Asian living standards?
How will the unemployment rate change as a result? How will the growth in GDP change as a result?
The Keynesian approach to macroeconomics assumes that A) wages, but not prices, adjust quickly to balance quantities supplied and demanded in markets.
Assume you are the manager of a California winery. How would you expect the following events to affect the demand or quantity demanded for your product?
Suppose a single parent can work up to 16 hours per day at a wage rate of $10.00 per hour. Various income maintenance programs have been developed to assure a minimum level of income for low-income families, such as Aid to Families with Dependent ..
Culture defines the way of life of a particular people. Researchers state that culture does not exist where there is no comparison. The culture of any country is hence identified by comparing two or more cultures.
Manchester Foundry produced 45,000 tons of steel in March at a expenses of $1,150,000. In April, foundry produced 35,000 tons at a cost of $950,000.
a security paying $ 80 0ne year from now and $ 1080 two years from now, for which you pay $1,050 today ?a security paying $ 50 every six months for the next five years (beginning six months from now), plus the return of the face value of $1,000 at ..
Illustrate what is the purpose of the foreign exchange markets
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