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Briefly discuss the concept of Central Bank Independence using expriences of Turkey and Zambia in the last 10 years, use standard indicators of Central Bank Independence to provide evidence that the Central Bank of Zambia has been more independent than that of Turkey.
Suppose the price of food increases from Px1to Px2. On a clearly labelled graph, illustrate the income and substitution effects of the price change on the consumption of food.
Compare & contrast the 3 schools of modern macroeconomic thought discussed in class & the text (this includes "Keynesianism", Monetarism & Rational Expectations
Using the rule of 70, how many years will it take for India to reach Italy's current level of GDP per capita, about $28,000 per year?
Consider an economy in which consumers have identical preference and income. The income is determined randomly and exogenously in each period. Consumers prefer smooth consumption over time.
ben bernanke has said that the federal reserve is going to continue its latest round of quantitative easing until
What are considered good economic institutions? What are some of the impacts of the lack of good institutions?
Rate if investment (billions)$12 $12 $15 $16 $17 $17 $17 (a) At what rate of interest does the liguidity trap emerge?
What is the price elasticity of demand for good A? Is the demand for this good elastic or inelastic and what is the price elasticity of demand for good B? Is the demand for this good elastic or inelastic?
What future problems would result from scarce resources? Do you agree or disagree, and why, with Chelsea Follett about overcoming future resource scarcity?
If real GDP grows by 10 percent this year, and if the money supply does not change this year, how does the price level and nominal GDP change?
The meat industry in the US is described with the following demand and supply functions (price in dollars and quantities in kilos of meat per person per day)
Assume that at maximum production levels, Japan can produce either 100 CD's or 50 DVD's. The U.S. can produce either 90 CD's or 30 DVD's.
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