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Q. Essay Questions: (Make sure you thoroughly answer ALL parts of each question! Format requirements will be enforced.)
1. Japan has had a low inflation rate (measured at 0.1% per year) while Venezuela and Iran have experienced inflation rates of 18.7% and 17% respectively, and Zimbabwe's inflation rate has been measured at over 12,500% . Is this information sufficient to give us reason to believe that expansionary monetary policy will have greater real effects in one (or some) of these countries than in others? If so, explain and show the order in which you believe the four named countries be likely to experience real effects from expansionary monetary policy (list from "most likely" to "least likely"). If this information is not sufficient, what additional information would you need? Obtain that information and show how you would use it to predict the likelihood of real effects from expansionary monetary in each of these countries.
2. Using the "New Keynesian" model, suppose households increase their rates of savings (due to some exogenous event). What will happen to real GDP and to the amount of labor employed, aggregate consumption, and aggregate savings? Compare these results to those predicted by the equilibrium business cycle model developed by Barro throughout the text.
Represent graphically the effects of an expansionary monetary policy and a contraction fiscal policy in the IS/LM/FX model.
Suppose that an increase in crime (O) also results in a per unit amount of social damage equal to d(d>0).
The overall effectiveness of the organ procurement system in the United States. What are its strengths and weaknesses.
What are the strength of the neoclassical models of labor supply and labor demand. What are the weakness of the neoclassical models of labor supply and labor demand.
Compare and contrast the Nielsen rating or a given episode on a TV series with the comments posted about the same show on TOP.
The cause and effect on how and why there was a government shut down a month ago.
Suppose, on the other hand, that the second country retaliates with an export subsidy of its own.
Dependency theory characterizes countries as being either in the center or on the periphery
What role does Mudaraba allow IAH, in their capacity as Rabbul Mal.
The trade or business of manufacturing dolls and accessories
What are the informing factors of global interdependence, including the economic factors, political dynamics and cultural differences.
Suppose that a pay equity plan has just been put in place in your organization. The pay equity consulting firm did a job evaluation and assigned points to each of the male-dominated and female-dominated jobs.
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