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What causes the lags in the effect of monetary and fiscal policy on aggregate demand? What are the implications of these lags for the debate over active versus passive policy?
Suppose the economy is in the midst of a severe recession. Determine which of the following policies would be consistent with active fiscal policy?
Do you think that monetary policy should cooperate with fiscal policy? If so, why? How could their joint actions affect the level of the debt-to-GDP ratio?
In the class, we discussed the Paradox of Thrift argued by John Maynard Keynes. According to the argument, even if many household decide at the same time to increase their saving, the total saving will not increase in the long run, while it leads ..
Growth of India and China - China and India are often referred to as two of the fastest growing countries. Compare their recent growth rates to the U.S. growth rate.
Write an essay evaluating the role of governments in assuring that developing countries obtain a fair and adequate share of the benefits of international trade.
Proponents of trade off liberalization argue which freer trade might actually improve the quality of the environment.
Paul Volker was chairman of Federal Reserve system in the late 1970 and through most of the 1980.
Suppose that the demand for money increases. Using a diagram with a money demand curve and a money supply curve, determine the effect on the interest rate.
people are not very responsive to the price changes of this product and the absolute change in quantity demanded is less than the absolute change in price. people are not very responsive to the price changes of this product and the magnitude of th..
Identify major cross-cultural issues that may impact the American company's marketing approach in this situation and provide a precise description of how the identified issues may impact the approach American company takes.
What takes palce to output, the optimal scale of a firm, and price if there is a free entry into the market.
All firms in a Cournot monopolistically competitive industry have the same cost function C(q) = 25 +10q. Calculate the equilibrium price, firm output, total output and number of firms in the industry.
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