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Consider what causes the lags in the effect of monetary and fiscal policy on aggregate demand. What are the implications of these lags for the debate over active versus passive policy?
Consider what might motivate a central banker to cause a political business cycle. What does the political business cycle imply for the debate over policy rules?
Be prepared to explain how credibility might affect the cost of reducing inflation.
Be prepared to explain why some economists are against a target of zero inflation?
Consider what adverse effects might be caused by tax incentives to increase saving?
Explain why would elasticity of demand be important to you in determining the products on which the taxes should be levied.
q1. peter and sally enter a bus and two adjacent cramped seats are free. they must decide whether to sit or stand.
The number of strikes in the economy will be lower in years having:
A public water utility is comparing two separate pricing schemes: a two-tiered pricing scheme where the first 5,000 gallons cost $20 and all subsequent gallons cost $10 or a single price of $15 per gallon. Under scheme, how much water is purchased by..
Distinguish between the income effect and the substitution effect. Explain what would happen, if the income effect and the substitution effect were to offset one another exa
A committee of 4 has to be chosen from 12 representatives, of whom 8 are men and 4 are women. If selection is random what is the probability that.
If the supply of turkeys in a particular November turned out to be unusually small, do you think a turkey shortage would result? that is, would shoppers be unable to purchase a turkey for thanks giving meal? why or why not?
React to the topic by summarizing a significant chapter and/or readings and an application of that chapter material to the subject. David Ricardo was worried that the corn laws (high taxes on imported grain) would seriously hamper the advancement of ..
q. a facility for a production plant can be purchased for 155000 with a down payment of 25000. consider the following
Suppose the demand function for a product is Q= 200 -15P + 4I where P is the per unit price of the good, I is median household income in thousands of dollars, and Q is the number of units demanded per month. Use the equation and assume that median fa..
The long-run and short-run aggregate supply curves reflect fundamental differences between long-run and short-run macroeconomic analysis.
What, if anything, did you find surprising, particularly challenging, or interesting? From what you know about this course so far, what connections can you make to previous learing experiences, and how do you think this course will help you as you mo..
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