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1. According to the movie Generation Zero, what are some of the root causes that lead up to the 2008 economic crash in the United States?
2. According to Keynesian economics, what impact would a balanced-budget amendment to our constitution have on our national economy?
3. Have Congress and the President taken appropriate steps to prevent a future crisis?
4. How Pluralits and Elites react to Organized Interest Groups?
5. In a perfectly competitive labor market, what will be the impact of an increase in labor productivity on equilibrium wages and employment? (Diagram needed,250 words needed)
Suppose the interest parity condition holds and that the domestic interest rate is greater than the foreign interest rate. What does this imply about the current versus future expected exchange rate? Explain. Suppose the one-year nominal interest rat..
Assume I won 100 million dollars in a lottery that pays installments of 20 million dollars a year for five years or a lump sum of less than 100 million dollars. If I take the installments, my first installment would come the day I claimed my winnings..
Suppose that the US current account deficit must be reduced. Explain in terms of CA ≈ (S – I) + (T – G) what must be done to reduce the current account deficit. Why will this be difficult? (Hint: It may be helpful to think about the household that ha..
Give examples of goods or services you buy in which your preferences are well described by “love of variety” and some examples where your preferences are well described by “ideal varieties” Contrast the assumptions about firms within an industry: the..
As a car ages, maintenance costs usually increase. You estimate that maintenance costs for your car will be $300 a year for the first 3 years, $400 a year for the next 3 years, and will then increase by $50 a year for the remainder of the cars life. ..
Assume that the slope of the saving function becomes steeper, will this change in the economy, by itself, have the effect of increasing, decreasing, or not changing the size of autonomous spending multipliers (that is, the investment or government sp..
It is an accepted truth that without risk there can be no gain. Every individual and organization who wants to succeed must take some risks. Risk management is not about not taking risks, but about taking risks in a controlled environment for whic..
Assume that a local bank sells two services-- checking accounts and ATM card services. Mr. Donethat is willing to pay $8 a month for the bank to service his checking account, and $10 a month for unlimited use of his ATM card. Ms. Beenthere wants to p..
In one or two paragraphs, describe how the Internet changed from a government research project into a technology for business users.
A 50 percent increase in cigarette prices would cut overall consumption by 12.5 percent, with even greater declines in smoking among minorities and young adults, federal health experts said Thursday. The Centers for Disease Control and Prevention (CD..
how the economy moves to a new equilibrium. Focus on short-run as well as long-run equilibrium.
The data in Accident.dta are the weekly automobile accident counts for the years 2006 and 2007 in Havana County. Determine the appropriate ARIMA model, and forecast the accident rate five weeks ahead from the forecast origin t = 85 (make a line plot ..
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