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Real GDP projections from the Congressional Budget Office
Compare and contrast at least two different 18-month forecasts for Gross Domestic Product (United States) and graph them. Include a reconciliation of the differences between the forecasts for GDP and a rationalization for which forecast you believe is most accurate. Defend your opinion.
Briefly describe and critically possible short-run and long-run macroeconomic effects of this continuous increase of the federal fund rate
Assume W = 10 000. Draw the aggregate expenditure function on a scale diagram along with 45°line. What is the equilibrium level of national income?
The table below is a production possibility table for the fictional country of Myopia. Use it to construct the corresponding production possibility curve.
Using the IS/LM model, demonstrate the effect of each of the following changes.
Explain the economic situation in the UAE based on the article. Summarize the articles with your own words
When and why were the inflation and unemployment rates negatively correlated? When and why were the inflation and unemployment rates positively correlated?
Assume that a borrower and a lender agree on the nominal interest rate to be paid on a loan.
This problem uses Okun's law to study how the unemployment and inflation rates change when there are demand shocks.
Do the estimated coefficients have the required signs to yield a-shaped AVC curve? Discuss the significance using the p-values.
Compute utility function that corresponds to a constant Arrow-Pratt measure of absolute risk-aversion.
Illustrate what are the production elasticities of demand for labor, capital (trucks) and energy. What type of returns to scale is consistent with the above production function.
Explain how much should it be willing to pay today for the office complex.
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