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1. The price of a barrel of oil is up to $80 in the last few weeks in November of 2021.
a) Economists have been making predictions regarding the Alberta economy in 2022. Describe the possible effects of these oil prices on the Alberta economy in 2022 regarding unemployment, inflation, investment, and GDP.
b) If you were the Alberta finance minister, outline any fiscal measures you would take (if any) to change the economic outlook for 2022?
2. The Canada emergency wage subsidy or (CEWS), was designed so businesses could keep their employees on payroll during the Covid-19 pandemic. Earlier this fall, this program was largely phased out. (10 Marks)
a) What would be the effects on the Canadian economy when this tool is phased out?
b) Discuss any possible risks to phasing out this tool.
A military conflict forces the shut-down of major crude oil pipeline. World oil prices soared to an 18 month high. Show the effects in the crude oil market.
Romans utility function os U(x,y)=6xy. The prices of goods x and y are $12 and $15. The indifference curve is tangent to his budget constraint, where he is consuming 20 units of good x. How many units of good y must he be consuming?
Explain how each of the following will affect the economy, by analyzing each case in an SRAS-AD diagram and determine in each case the effects on real GDP and the general price level: “Fracking” for gas and oil expands, and oil & energy prices in the..
A summary of the organization's main purpose, including the industry, the products or services, the primary customers, the size (annual-revenue/budget), and the outlook for the future.
The United States is planning to push Europe towards new and more aggressive efforts to boost aggregate demand given a renewed risk of deflation in the Eurozone
Recently the demand for LCD televisions appeared to be falling. At the same time, some industry observers expected that several smaller television manufacturers
What is the "perverse loop," according to Smaghi and How does he fix it?
What is the value of the autonomous expenditure multiplier? If the government estimates the full-employment income at 1200, is there an inflationary or a recess
The time spent? (in days) waiting for a heart transplant for people ages? 35-49 can be approximiated by the normal? distribution, as shown in the figure.
Comparative Advantage Do you know of a product for which your state has a comparative advantage? Explain how this might affect trade with another state.
Explain how you imagine the invention of cheap electric cars would affect the demand for gasoline? Why? Which determinant of demand or supply would be affected?
The profitability of a bank depends on several different factors. Why is “Duration Analysis” so important to a bank? What should a bank do if inflation increases? Explain with examples. What should a bank do if inflation decreases? Explain with exa..
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