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Rate of money growth
Suppose that the Fed unexpectedly increases the rate of money growth. Carefully explain the effect on short-term and long-term interest rates, and why those effects are different.
Government needs to eliminate the gap by changing expenditures. What policy would you suggest.
Explain how to describe price elasticity of demand. What are the factors that affect price elasticity of demand.
You're the manager of a paper mill and have been subpoenaed to appear before a joint session of the Senate Consumer Affairs and the Senate Environmental subcommittees.
Antitrust authorities at the Federal Trade Commission are reviewing you company' recent merger with a rival firm. The FTC is concerned that the merger of two rival firms in the same market will increase market power.
At level of inflation explain how long does it take for the price level to double.
Illustrate what are the major differences among an open and closed economy
Milton Friedman faiths in a steady growth monetary policy. Illustrate what does that mean and critique this approach.
Discuss how absolute advantage and comparative advantage differ? Kyle can read 20 pages of the economics in an hour. He can also read 50 pages of history in an hour. He spends 5 hours pre day studying. Draw Kyle's production possibilities fron..
Changes in government spending and interest rates
For each of the following concepts provide a definition, a complete explanation as to their significance, and a practical example.
Life insurance companies require applicants to submit to a physical examination as proof of insurability prior to issuing standard life insurance policies.
Explain her change in consumption in terms of income and substitution effects (give a precise quantitative answer). Is this a Griffin good (how do you know)?
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