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Monetary and fiscal policy instruments are used to affect the aggregate demand (AD) in the economy.
a. What is the difference between contractionary and expansionary monetary policy? What is the difference between contractionary and expansionary fiscal policy? How does each policy affect the AD in the economy?
b. What are the benefits and major problems of the fiscal policy and monetary policy?
There is a short-run tradeoff between inflation rate and unemployment rate. In the short-run the tradeoff of between inflation rate and unemployment rate creates a challenge for macroeconomic policymakers.
a. If you were macroeconomic policymaker, how do you balance the short-run tradeoff between inflation rate and unemployment rate? Explain.
b. What is the historical relationship between rates of unemployment and inflation in the U.S. economy? What are the most current figures for the unemployment rate and the inflation rate? What does this say about the U.S. economy today?
As per to the Einstein's quotation the formulation of problem is far more often essential than its solution, which may be simply a matter of mathematical or experimental skill
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correlate positively with economic growth?
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Passengers enter a train station according to a Poisson process of rate 4. A train departs the station at a random time uniformly distributed between 0 and 5, and a second train departs at time 5.
For a large group of overseas passengers, the mean is 78 pounds and the standard deviation is 15. Compute the relative dispersion of each group using the coefficient of variation. Comment on the difference in relative dispersion.
The mean of any uniform probability distribution is
Which types of jobs are best suited for flexibility with regards to hours and office location? Which types of jobs are less likely to afford this type of flexibility? Explain
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