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1. What evidence would you need to establish whether or not money supply changes have been the main cause of changes in nominal income? What procedure can you use to determine the direction of causality between the changes in money and in income?
2. Specify the hypotheses on the natural rate of unemployment and the rational expectations. Discuss the logical and historical relationship between them.Discuss, for each concept, whether disequilibrium in the economy is consistent with it or not. If it is, discuss the role and usefulness of monetary policy in this state.
3. Discuss the evolution of the 1970s Monetarists' claim that "only monetary policy is effective" to the doctrines of the modern classical school that "no foreseen monetary policy is effective" and "no systematic monetary policy is effective." Would Friedman have subscribed to any of these propositions?
What type of educational background do ceos have? in one survey, 344 ceos of medium and large companies were asked whether they had an mba degree. there were 97 mbas.
describe the business environment in the city or town that you live in. you should explain what the current economic
Real GDP equals 5000, nominal GDP equals 10,000 and the price level equals 2, then what is velocity if the money stock equals 2000?
Briefly explain how this will affect money supply over time and how, even without any intervention on the part of the government or the central bank, the economy would self adjust over the following few years.
Suppose that interest parity does not hold exactly, but that the true relationship is R = R* + (Ee - E)/E + r. Evaluate the policy's output effects in this situation.
A policy that results in a Pareto superior outcome will always satisfy the Kaldor-Hicks Criterion; however, it may not increase social welfare.
although new york state is second only to washington state in production of apples its production has been declining
Describe the cutthroat competitors reasons for not increasing or decreasing his price, thereby accounting for the kink in his demand curve.
Economists argue at what point of the Business Cycle our country is now situated. Utilizing the concepts of leading, coincident and lagging indicators and Unemployment rate the price of gold and oil is rapidly raising and gasoline is often over $4.00..
Analyze and comment on economic analyses of health administrative innovations that are germane to the provision of health services. How have these innovations become more significant in health care delivery within the context of the Affordable Care A..
Fixed cost of production are $6 and the variable cost per unit of labor is $10. The marginal product of the seventh unit of labor is 4. Given this information. what is the total cost of production when the firm hires 7 workers.
use an aggregate demand ad and aggregate supply as model short run model to analyze this problem. do not use a
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