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Identify and briefly describe the main ideas Keynesian economics is based on. Identify and briefly explain the neoclassical argument and the key building blocks of neoclassical approach. Compare and contrast the two approaches using an example of your own (or find an example from the web, and cite your source).
Calculate the amount of tax collections that the government will require in period two. If so, compute it; if not, explain why not.
In which of the following situations would it be MOST advantageous to be borrowing?
If an investor has a tax rate on interest income of 25% and the inflation rate is 4%, which bond has the lowest expected after-tax real interest rate?
What would happen to the budget deficit if the: GDP growth rate jumped from 1 percent to 3 percent? Inflation increased by 2 percentage points?
The Research Center at Federal Reserve looks at one key variable for policy makers in setting interest rates to maintain stable inflation.
If this were he case would there be any automatic stabilizers in the government economy. Elucidate what would there be any distinction between the full-employment deficit and actual budget deficit.
Consider the model of three-period-lived individuals. Suppose the two-period real rate of return on captial is X=1.44, the rate of population growth is n=1.1, and the rate of fiat money creation is z= 1.2. Find the following net rate for both one and..
How are prices determined under perfect competition? Think about a firm that you have done business with recently. What industry does this firm belong to? For example, McDonald's is a firm in the fast food industry. What market structure would this i..
Explain why some barriers to entry may have declined in importance with increasing globalization.
Write code to compare a user-entered string with "bird" and print "Found a bird! Spring has sprung." when the strings match and print "The bird has flown." when they don't. Use If-Else branching statements.
Sales of hybrid cars are on the rise. The Toyota Prius, while priced above comparable gasoline-only cars, is selling well. Other manufacturers are adding.
Why is international trade a win-win game? How does the gains exceed the losses? Cite sources.
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