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1. The government cuts transfer payments in an economy with an inflationary gap. How would this policy affect bond prices, interest rates, investment, the exchange rate, net exports, real GDP, and the price level? graphically.
2. Given the nature of the implementation lag discussed in the text, discuss possible measures that might reduce the lag.
3. Federally funded student aid programs generally reduce benefits by $1 for every $1 that recipients earn. Do such programs represent government purchases or transfer payments? Are they automatic stabilizers?
4. The text notes that changes in oil prices can affect the inflation-unemployment outcome. Explain what effect changes in oil prices may have on these two variables.
American Medical Association and locate the Association's resources on the ethics of end-of-life care.
What were the most compelling topics learned in this course? How did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified? What approaches could have yielded additional valuab..
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When theprecise figure is known, does a company return to its Year One financial statements and adjust them tothis correct balance? Should a company continue reporting an estimated figure once it has been shownto be incorrect?
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