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Macroeconomic concepts for national income
Congratulations. You've been appointed economic adviser to Happyland. Your research assistant says the country's mpe is .8 and autonomous expenditures (probably federal government spending) have just risen by $20.
1. What will be the actual dollar change in income and does it rise or fall?2. Your research assistant comes in and says he's sorry but the mpe wasn't .8; it was .5. How does your answer change (in $ amounts)?3. He runs in again and says exports have fallen by $10 and investment has risen by $10. How does your answer change (in $ amounts)?4. Will the increase in autonomous expenditures be more likely to eventually lead to higher inflation or higher unemployment?5. How could it possibly lower either inflation or unemployment?
Suppose that a perfectly equal distribution of income existed in Disneyland. Which of the reccent residents would have the same income he or she has in present distribution?
Tax rebate and a tax refund is a tool of fiscal policy. A deduction in tax rates is not the similar thing as a tax cut.
At the end of 2002, the (1-year) interest rate was 1% in the U.S., and 26% in Argentina. Recall that at the same time, the spot rate for the Argentine currency was Peso 4.00/$.
It is like the FRB has already tried to stimulate the economy by lowering interest rates
Assume that the Bank of China wishes to peg the rate of exchange of its currency, the yuan, in terms of the US dollar. In each of the following situations, should it add or subtract from its dollar foreign exchange reserves? Why?
The financial analysis department at MorTex estimates that the price of a textile machine is $ 600 per day. Can management reduce the cost of assembling 5,400 units per day by purchasing a textile machine and using less labor? Why or why not?
Price comparison services on the Internet (as well as shopbots) are a popular way for retailers to advertise their products and a convenient way for consumers to simultaneously obtain price quotes from several firms selling an identical product.
Given the following predictions for nominal wage increases and productivity growth, state your forecast for inflation (assume this is all the information available to make the forecast).
By how much and in which city is the hotel room cheaper.
The Heckscher-Ohlin model assumes that tastes are the same in Home and Foreign. Suppose now that tastes are different in Home and Foreign.
Describe current economic crisis growing unemployment which have impact on price elasticity of health care demand.
Changes in government spending and interest rates
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