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Think the yearly budget deficit in the U.S. versus GDP: How does this compare to other industrial economies? What is your opinion on this relationship of the budget deficit to GDP?
Suppose last year's real GDP was $7,000 billion, this years nominal GDP is $8,820 billion, and GDP-deflator for this year is 120. Determine the growth rate of real GDP?
The Big Mac Price Index calculated through the Economist has consistently found the United State dollar to be undervalued against some other major currencies,
Suppose two open economies A and B. In this economy only one good is manufactured for time t = 0 and price P(0,A)=1 Dollar and P(0,B) = 1,5 Euro.
Provide arguments in favor of trade restrictions, and what are the counterarguments? According to most economists, do any of these arguments really justify trade restrictions?
The Biltmore Garage has lights in places that are difficult to reach. Management estimates that it expenses about $2 to change a bulb. Standard one hundred-watt bulbs with an expected life of 1000 hours.
What will be the effects of an increase in the money supply
In the IS-LM curve model, examine the effect of an autonomous rise in saving that is matched by a drop in consumption, describe which curve would shift?
Assume that the Bank of Canada decides to expand money supply. Explain why would it be counter productive for the Bank of Canada to fix the value of the exchange rate?
The US was founded on ideals of justice and equality. The Declaration of Independence proclaimed that all men are developed equal, yet individuals such as African Americans and women were not afforded this equality.
explain how Alternative Trade: Legacies for the Future supports or challenges your conceptualizations of trade and development. Are there themes that some of you agree upon? Do you disagree on others? Describe your conversation.
Explain How do economists distinguish between the absolute and relative sizes of the public debt? Why is the distinction important?
A FX dealer in London normally quotes spot, 1M, 3M and 6M forward. When you ask over the phone for current quotes for YEN or USD you hear "111.43 to 51, 52 to 48, 150 to 144, 337 to 205"
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