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What's the difference between micro-economics and macro-economics?
An economy is described by the following equations: Yt(subscript) = K0.5t(subscript) L0.5, s = 0.2, δ = 0.1 (no population growth). Find the steady state values for k,y,c,i (all expressed in per-capita form) What are the values of k and y if the econ..
In the 2000's what were the main goods and services the United States traded internationally? What trade barriers were in place during that decade? What are two pros and two cons of the trade barriers used?
In the long-run equilibrium of a perfectly competitive market, briefly explain why:
Reading: Haller, S. F. & Gerrie, J. (2007). The Role of Science in Public Policy: Higher Reason, or Reason for Hire? Journal of Agricultural and Environmental Ethics, 20(2), 139-165. Retrieved from ProQuest database.
How could the discount rate and the rate of interest paid on excess reserves (IOER) theoretically be used by the Fed to create a “ceiling” and “?oor” for the Fed funds rate? How is the exchange rate between two currencies determined under the gold st..
Despite ongoing debates about the appropriateness of macroeconomic policies, many macroeconomists have reached a modern consensus on several important issues.
Aggregate expenditure is the total amount of spending in the economy that determines the level of the GDP. Components of aggregate expenditure are autonomous expenditure, planned private investments, government expenditure, and net exports. When auto..
The questions on this homework deal with an economy called Economica. Calculate the economy-wide currency ratio. Because precision is very important with the multiplier and its components, round your final answer and any intermediate steps to THREE d..
Why doesn’t the U.S. simply restrict all goods coming in from China? Why can’t the U.S. just minimize the amount of imports coming in from all other countries?
Suppose you're in charge of establishing economic policy for this small island country. Which of the following policies would lead to greater productivity in the weaving industry?
Write down demand and supply equations for wireless phones; include two exogenous variables in each equation. Draw a supply-demand graph for wireless phones. Use your graph to show how a change in one of your exogenous variables affects the model’s e..
If the money supply increases, show with should happen if we assume we live in a classical world. With assumptions are you making about the quantity theory of money theory?
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