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Macro DQ
Your Recession Strategy
Suppose that you are the chief economic advisor to the president of the United States. You are asked to propose a strategy to bring the economy out of recession. Unemployment is at 13 percent and inflation is relatively low. Your goal is to avoid an increase in inflation and bring the economy to full employment as rapidly as possible.
Applying the principles of the Keynesian model, what specific economic policies would you propose to accomplish these goals? What do you believe would be the short- and long-term effects of your policies on both inflation and unemployment rates? Provide justification and examples to support your conclusions.
In order to reduce farm output, raise farm prices, and thus raise farm incomes (revenues), the government pays farmers to set aside a portion of their land from production. Using a graph, explain in terms of the elasticity of demand for farm produ..
Use quintiles to briefly summarize the degree of income in equality in the united states. how and to what extent does government reduce income inequality?
Every year, billions of dollars' worth of illegal drugs and alcohol are produced within the boundaries of the United States. Official US GDP estimates have excluded the value of this production because the data have been unavailable to the governme..
Four companies calculate their fixed costs per period of production, and their variable costs per unit of product during the period. Each company sets a selling price and calculates the number of units of product that must be manufactured and sold..
Imagine that you are a European living in the year 1919. How have the developments of the previous decades influenced your religious beliefs? Have they eroded or strengthened your traditional values?
The inspection equipment has a 6-year useful life and no salvage value. Use a nominal 18% interest rate in your calculations. How much can Robot afford to pay for equipment if the wages and worker benefits were to have been paid monthly?
Is it possible for the gross federal debt to rise in dollar terms but decline as a percentage of GDP? Explain your answer.
Exchange and markets, Demand supply and market equilibrium
What is the origin of democratic thought? How has it changed over the centuries and how does it compare with democratic thought in practice today for the United States? How can it be evaluated (compare and contrast) with other countries in the We..
What do you think branded products usually are of higher quality than generic products and therefore justify their higher prices.
Determine if any change in the equilibrium quantity of Y or other direct effects of the exogenous shock affect the quantity that households desire to consume at any given real interest rate.
Compute the value of the price index for GDP for 2005 using 2004 as the base year. By what percent did prices increase.
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