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[A] Describe the Quantity of Money theory and identify whether this is a Keynesian or Classical cornerstone. Explain what happens when, based on this theory, the money supply is increased
[B] Discuss whether the Federal Reserve can control both the money supply and interest rates in the United States simultaneously.
[C] Compare and contrast the concepts of active and passive stabilization.
[D] Define and distinguish debt and deficits.
[E] Compare and contrast the economic effects of increasing spending versus reducing taxes.
Illustrate what is offshoring of white-collar service jobs, and how does it relate to international trade. Why has it recently increased.
The demand & supply curves for T shirts in Touristtown, United State, are given by the following equations:
Is it possible for the gross federal debt to rise in dollar terms but decline as a percentage of GDP? Explain your answer.
Explain why would economists be very concerned if the annual interest payments on the debt sharply increased as a percentage of GDP.
how much juice will the costumer purchase in a perticular month. What is the elasticity of demand for juice.
Illustrate what effect would a period of rapid inflation likely have on the role of money.
Mention the four assumptions for the Monopolistic competition model.
Calculate the book price and quantity effects of the local 8% sales tax. With perfectly elastic demand, who pays the economic burden of such a tax?
Elucidate how an attempt by the government to lower inflation could cause unemployment.
Suppose you are provided with the following production relationships, where the input is fertilizer (pounds per acre) and the output is rice (cwt per acre). Using graph paper, please graph AVP, MVP, and MFC
Tom have only $60, and he want to spend it all on clothing (X) and food (Y), Price of clothing is $4. Find out the optimal values of both goods (Y*,X*) and Utility?
Describe what happens to price of a bond that pays a fixed percent of the face value every year when interest rates in the economy rise.
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