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Ron Paul (and his son, for that matter) has advocated for congressional control of the Fed and monetary policy for years. One of the pillars of his argument holds that elected officials should be in charge of monetary policy, not appointed individuals (as is currently done). Compare two scenarios: one where the Fed is operated by appointed officials (as it is now and always has been) and one where the officials are elected by the public every four years. Discuss the short-term and long-term ramifications of each scenario. Keep your answer under one and a half pages.
Consider a new per-worker employment tax on workers (where previously there was no tax). outline the consequences of this tax on the local labor market. use appropriate, clear and well labeled diagrams.
Consider the following supply and demand schedule for steel: Pollution from steel production is estimated to create an external cost of sixty dollars per ton. From an economic point of view, what is the best solution to this environmental conflict of..
Budweiser, Miller and Coors, who together produce 80% of all beer consumed in the US, each spend well over $500 million a year on television advertising campaigns, promoting their beer brands. Do you think these firms would welcome congressional legi..
Assume that the typical household behaves according to Irving Fisher's two period model, that consumption in both periods is a normal and that households are initially savers.With the aid of a diagram, analyse how a tax cut in period two affects cons..
Per the text, both the government and industry have specific and valid interests in data, yet the government’s needs may well exceed those of private commercial contractors. From a contractor’s perspective, analyze the government’s data rights with r..
Consider a simultaneous move game between a union and a company. If both the parties bargain hard, each would gain nothing. If only one party bargains hard the accommodating party gets a profit of $1 million while the bargaining party gets a $5 milli..
Why a change in the way government might makes transfers to the poor change the poverty rate even if there is no change in the amount of money transferred?
Suppose the MPC is an economy is 0.9. The APC is initially 0.95 and disposable income is $4 billion.
Suppose that First National Bank, Second National Bank, and Third National Bank have zero excess reserves. The required reserve ratio is 20%. The Federal Reserve buys a government bond worth $1.5 million from John, a client of First National Bank. Fi..
Ratios are generally derived via division
Why does the government intervene in the economy? Should they and what would the impact be if they did not?
The filling variance for boxes of cereal is designed to be .02 or less. A sample of 41 boxes of cereal shows a sample standard deviation of .16 ounces. Use ? = .05 to determine whether the variance in the cereal box fillings is exceeding the design s..
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