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CPI vs. GDP for social security calculations
Who would the main beneficiaries be of tying Social Security, pensions, et al, to the GDP Deflator rather than the CPI, and vice-versa.
The kinked-demand schedule that an oligopolist believes confronts the firm is given in the table below. Compute the oligopolist's total revenue at each of the nine prices
The demand for salt is relatively price inelastic where the demand for pretzels is relatively price elastic. How can you best explain why
Bush proposed for government expenditures in the case of a recessionary gap? What is the effect of his policies on the federal government budget?
Show such data graphically. Upon what specific assumptions is this production possibilities curve based? If the economy is at point C, what is the cost of one more automobile? Of one more forklift? Describe how the production possibi..
Explain which of the following transactions would be directly counted in 2007's GDP. In each case, explain whether the action causes an increase in Consumption, Investment, Govt. Purchases or Net Export.
Explain how would either decision change if the government imposed a 20 percent tax on earnings and interest income. Illustrate what would happen if the government exempted interest income.
Utilize an elasticity concept to elucidate each of the following observations.
Illustrate the quantity of laptops demanded, the level of imports of laptops, the price paid for laptops and the consumer surplus
Elucidate how an attempt by the government to lower inflation could cause unemployment.
Describe what effect a contractionary fiscal policy would've on the price level and real GDP starting from full employment equilibrium.
Use a production possibility frontier to illustrate the probable results of your fiscal policy. By how much did consumption change? By how much did savings change?
Using the IS/LM/BP model, demonstrate the effect of each of the following changes. Assume that the economy is a small country with perfect capital mobility and a flexible exchange rate.
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