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Each part is 10 points
A) nGDP is $5 trillion in Yr 1 and $5.4 trillion one year later. What is the GDP growth rate?
B) If rGDP in Yr 1 was also $5 trillion what can you say about Yr1?
C) If rGDP grew 5% between Yr. 1 and Yr. 2 what did GDP prices do?
(Hint: use part A. If you know GDP growth with both output and prices and now you now output by itself, what must prices have done?).
What do the unusually large maturity yield differentials noted above suggest about investor expectations of future short term interest rates?
Explain how has the relative composition of M1 changed since 1965? Do your best to explain why this change has occurred.
Disscuss the contrasting views of the Keynesians and the monetarists with regard to an appropriate.
explain alternatives to traditional monetarist devices be identified in modern economies.
By how much will each firm reduce its SO2 output? Which firm will buy permits, which firm will sell them, and how many permits will be exchanged?
Illustrate what do you think would be the effect of increases/decreases in the dollar's exchange value on the firm's profitability.
Explain why does the minimum salary seem to have the greatest impact on teenagers.
If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development. Illustrate what condition would encourage research and development in..
Assume that the economy starts in steady state. According to the Solow growth model, how would each of the following affect consumption per worker in the long run, Explain?
Do analysis of the economic and ethical implications of the article event.
Illustrate what has been the real change in Bill's net worth.
SAR Publisher is a monopolist in publishing a textbook on Hong Kong economy. Besides the Hong Kong market, SAR Publisher also sells this textbook in United State.
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