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Part I
1.Which fiscal policies might "activist" Keynesian economists recommend to help a depressed economy regain full employment? Explain how they work.
2.Critics of Keynesian policies cite the problem of ‘lags', and of ‘crowding out'. What are they, and what impacts do they have on the outcomes of Keynesian countercyclical policies?
"Part II
Note that graphs, while helpful in explaining pertinent concepts, are not necessary for successfully answering these questions. A good written description of market processes will suffice as well
1. Explain the process through which each of the following affects the money supply:
The Fed buys bondsThe Fed raises the discount rateThe Fed raises the reserve requirement ratio
2. Elucidate the dynamics through which an increase in the stock of money affects real output and the price level in the short run. For part II-"Consider them (very short)essays rather than short answer questions. That is, good answers will incorporate course material to support assertions, and emphasize explanations. There is no word limit! The questions must be fully answered.
Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
Describe the international monetary system known as the Bretton Woods system, or the gold exchange standard that existed from the mid 1940s to the early 1970s.
Find the value of the test statistic (to 3 dec pl). Can we conclude that the proportions have changed during the year.
Discuss the current state of the Chilean economy by focusing on the recent past and macroeconomic characteristics
Illustrate what mistakes did policymakers make that have kept developing nations from growing more quickly.
Assume that health insurance begins to cover hip replacement surgeries that everyone interested in getting a hip replacement has health insurance.
Assume you just finished your third plateful of Thanks giving dinner also it yielded zero units of additional satisfaction.
Why are incomes so much more unequal within poor nations that within rich nations generally
Explain what percentage change in the price of each of the three goods. Using a method similar to the consumer price index, compute the percentage change in the overall price level.
Explain is a high degree of market concentration a boon or threat to consumers. What is the strongest argument on either side.
Which factors of globalization is involving quality. How might globalization involve your product or service also organization as it tries to achieve quality.
Over the past year price inflation has been 10% but the price of a used ford escort has fallen from $6000 to $5000. The real price of a ford escort has fallen by Elucidate how much.
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