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Policies for combating recession
You are the adviser to a Benevolent Social Planner. GDP is falling and the economy is in a recession. Recommend a policy and why you chose it (explain the benefits and any potential criticisms of your choice). You may assume what ever policies are already in place (but you must state what these policies are). A good answer would consider the impact in the context of the three macroeconomic models. (Keynesian, Classical, and Solow)
Expansion and contraction are commonly utilize terms in economics and the media.
Illustrate what were some of the major contributing factors and how did they combine to cause the recession. How were you affected by it.
What would this event makes the demand for the dollar to increase or decrease relative to the demand for the pound.
Explain how are people worse off when the price level rises as fast as their incomes
Illustrate what are some of the comparative advantages for the companies to operate in the host country.
Suppose that workers and firms could always predict next year\'s price level with perfect accuracy.
Explain how can you go about finding L, normally it is either the budget constraint and utility functions slopes are equivalent,
Where does cross-price elasticity information is more important.
Explain why does the government support public education when the private sector also provides this service.
Discuss how each of the following developments would affect the supply of the money, the demand for money, and the interest rate. For each case, describe what happens in closed economy and in small open economy. Describe your answers with diagrams.
The intent of this week exercise is to familiarize with EXCEL and to gain experience and practice in interpreting the output generated by most statistical packages (EXCEL) when linear regressions are run on a set of data.
You are a manager in a perfectly competitive market. The price in your market is $35. Your total cost curve is.
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