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The answer to each question should be a short to long paragraph.
1) What are the advantages and disadvantages of using an expansionary monetary policy in a recession compared to using fiscal policy? (Please note: I am not asking you how monetary policy works. You have already answered it in part c above. The question is specifically about the advantages of monetary policy compared fiscal policy in a recession).
2) What are the advantages and disadvantages of using an expansionary fiscal policy in a recession (That is, compared to using monetary policy)? Image text transcribed for accessibility: The answer to each question should be a short to long paragraph. What are the advantages and disadvantages of using an expansionary monetary policy in a recession compared to using fiscal policy? (Please note: I am not asking you how monetary policy works. You have already answered it in part c above. The question is specifically about the advantages of monetary policy compared fiscal policy in a recession). What are the advantages and disadvantages of using an expansionary fiscal policy in a recession (That is, compared to using monetary policy)?
Difference among the resource market and the producer market in a circular flow model. In what way are businesses and households both sellers and buyers in this model.
Explain how can a domestic market be protected. If a country had protected domestic market, what would be the likely effect on its balance of trade.
how would outcomes be affected if people, on average, preferred to work for themselves rather than for someone else, i.e., if on average people preferred self-managed to alienated labor?
We now incur shocks as provided in red font. Solve for a new expression of the consumption function and aggregate expenditure curve, solve for the new equilibrium output and add this new equilibrium point to both of your diagrams (label as point B..
Describe and answer in economic terms the question, should a company hire temp teachers or hire new teachers?
Multinational company is continually seeking resources of comparative advantage through investing in developing nations. Sometimes, they are initially willing to pay a high value for that advantage.
Construct a production possibilities curve for a hypothetical country. Put public capital goods per year on the bertical axis and consumer goods per year on the horizontal axis.
Distinguish between ongoing demand pull and ongoing cost push inflation. Carefully draw them. Why might it be difficult to establish the extent to which a given rate of inflation is either demand pull or cost push?
Calculate the Consumer Price Index in each year and calculate the inflation rate from 2010 to 2011 and then from 2010 to 2013 using the calculated CPIs.
Use the production possibilities frontier (PPF) to demonstrate economic growth.(Growth and the PPP)
Suppose autonomous net taxes rise through $500; the marginal propensity to consume=3/4. Net exports, planned investment, taxes, and government purchases are autonomous and remain fixed.
Elucidate why and the benefits/drawbacks of this strategy. Describe each tool and how it is used to achieve it desired effect on the US money supply.
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