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The United States economy is experiencing a moderate economic downturn. The Republican President has addressed the downturn using stereotypical Republican methods. The economy failed to improve significantly, although there WAS some improvement. During the next election, the American electorate felt that it was time for a change in the way Washington was handling our economy and elected a Democratic President. This new President approached our country's macroeconomic instability in a stereotypical Democratic manner. This new economic policy did not significantly improve the economy either and the American electorate is extremely unhappy. YOU are running for President of the United States as an Independent candidate so that you are not forced into adopting an economic policy based on partisan reasoning. Assuming that you are very charismatic and can get all branches and agencies of government to enact your policies, how would YOU address the problems? Please explain and use graphs to illustrate the following: 1. The original macroeconomic problem using an AD/AS graph. 2. What policy did the Republican President use to address the issue? 3. Illustrate and explain the results of the Republican's policy on AD, AS, and GDP. 4. Illustrate and explain the macroeconomic problem facing the Democratic President as they took office. 5. What policy did the Democratic President use to address the issue? 6. Illustrate and explain the results of the Democrat's policy on AD, AS, and GDP. 7. Illustrate and explain the macroeconomic problem YOU are facing as you took office. 8. What policy did YOU use to address the issue? 9. Illustrate and explain the results of YOUR policy on AD, AS, and GDP. 10. Explain why YOUR policy worked when the other policies did not.
Illustrate what will be the cumulative effects including the multiplier for each of the above three policy choices.
If the dollar is devalued against gold and the pegged rate is changed to $40 per ounce, illustrate what does this imply for the exchange value of the pound. Explain your answer.
If the mortgage interest rate is 7 percent, approximately how much are home owners paying in annual mortgage interest? b. If the interest rate drops to 6 percent, by how much will annual percentage decline?
Equal annual withdrawals are to be made from the account, beginning 1 year from now and continuing forever. What is the maximum amount that she can withdraw at the end of each year?
List at least one advantage and one limitation of international trade you encountered in the simulation. Define absolute and comparative advantage in your own words.
Elucidate the entities affected by industrial regulation in terms of market structure. Explain why industrial regulation affects those entities you identified.
In case of conflicting IP rights, could firms bargain to attain efficient outcomes. Is re room for entry if consumer welfare is not being served.
Elucidate why or elucidate why not. Does it matter whether the inflation is expected or unexpected.
Illustrate what was the cost of recalls per year before the software was purchased if the company did exactlyy recover its investment in 4 years from the 10% reduction.
Find the output you should produce in order to maximize your expected profits so that you can then determine your expected profits accurately.
A recent study indicates to the long-run average cost curve for cellular telecom companies are basically flat. Illustrate what do you expect to happen to industry output.
Elucidate how Levitt devised a means of examining student test scores to uncover evidence of cheating teachers. Explain also why Levitt's analysis of the data constituted evidence, but not proof, of cheating.
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