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Problem 1:
(a) Distinguish between political and partisan monetary cycles on inflation and unemployment rates.
(b) In the rule versus discretion literature, explain how dynamic inconsistency might lead to costly outcomes for the economy as a whole.
Problem 2:
(a) To what extent would expansionary monetary policy help to curb an economic crisis? Explain.
(b) Analyse and explain the dilemma of the monetary agent who tries to be conservative in financing fiscal deficits in an attempt to ensure price stability at least in the short run.
The International Monetary Fund The International Monetary Fund is a kind of an embryo World Central Bank. Its objectives are: i. To work towards the full convertibilit
Question: (a) As an advisor to government as well as that to a firm how will you make use of your knowledge on price elasticity of demand, income elasticity and cross price ela
Using the same simple macro model we developed in Module 2: a. Show what will happen to national income (GDP) if the administration implements another $100 (billion) stimulus s
Consider an industry with a sole producer, a monopolist. The latter faces cost function C(Q)= Q/2 and aggregate (inverse) demand P(Q)=1 - Q (zero for Q> 1). Illustrate all your ans
Managerial economics according to Mote and Paul "Managerial economics refers to those aspects of economics and its tools of analysis most relevant to the firm's decision-making
Determine the Application of managerial economics Application of managerial economics isn't restricted to profit-seeking business organisations. Tools of managerial economics
demand for sting ray
types of elasticity
# review of Article what can economic theory contribute to managerial economic#
Income and Substitution Effects of Price Change When the price of a commodity falls the consumer's equilibrium changes. The consumer can purchase the same quantity of X and Y
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