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Topic: "One Day in the Seat of the Chair of the Federal Reserve Board"
Imagine that you have been given the opportunity to serve as Chair of the US Federal Reserve Board. Please answer the following:
1). Your assessment of what you consider to be the biggest challenge facing the US economy today. State the challenge, say why it is the most important problem in the US economy today, say whether it is a new or an old problem and how it emerged, and state the main effects on the economy and the people of the US. Illustrate your discussion with some quantitative evidence on the particular challenge you've identified (in the form of figures, tables, etc.).
2). What you would propose as the best solutions or instruments that the Federal Reserve can use to help address the problem you've identified, how they would be rolled out/implemented, why and how you believe they would be effective in solving the problem.
Consider two goods, widgets and gzots, which can be taxed to generate government revenue. The demand elasticity of widgets is 0.5 and of gzots is 1.2.
If Ruth's demand curve for saving Indiana bats is P=2000 - 2Q, and John's demand curve is P=1000 - Q, and they are the only two people in this society
Capital flight is a concern for several African countries. For example, according to data collected by the World Bank, over the last decade capital flight reduced the effective yearly saving rate of Chad from 20% to 11%. Recent estimates show t..
You own a theater with 200 seats. The demand for seats is Q = 300 -100P. You are charging $1.25 per ticket and selling 175 seats. Your costs are fixed and do not depend on the number of people attending. Should you cut your price to fill the theater?
Using a simple example, explain the Comparative Advantage Theory and how Countries can benefit from international trade. What type of economic policy does.
1) What about an environmental risk, can these be mitigated? For example, what if a suppler over in Japan has an earthquake?Expanding a supply chain to the global level has many benefits. The added complexity of a global supply chain comes with addi..
what effect do government intervention taxation and regulations have on economic behavior? explain. what are
The impact of tourism on the economy both on a local level and a national level. The impact of tourism on the local culture.
Analyze the economic theory used to complete the policy solution and determine the impact on the appropriate stakeholders - Analyze how the economic policy proposed would impact the market or solve the economic problem.
Name the central banks of Europe, Japan, England, China, and Canada and their leaders. How do their strategies differ from the Federal Reserve at this time. (an
Compute the elasticities for each independent variable. Note: Write down all of your calculations. Determine the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies. Provide a ..
Critics of traditional welfare programs often argue that a downside of traditional welfare programs is that when the government gives lower income people money, it causes them to work less. Compare and contrast the theoretical implications on lab..
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