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Economics fiscal policy: current recession issues
What is the "current macroeconomic situation" (e.g. worrying about inflation and/or recession) in the U.S.?
What should the U.S. Congress and the Federal Reserve do about it?
Account for the effect of the two proposed fiscal policy actions in the short run and long run. This includes a description of the consequences of relevant macroeconomic variables.
Find out an article which is related to health economics from health journal. Some possible sources include Health Affairs
Calculate the price elasticity of demand for the product below using average values for the prices and quantities in your formula.
Imagine that the firm must choose one of three quality levels: z = 1; z=2; and z = 3. Which quality choice will maximize the firm's profit?
Explain the effects of these shocks on the price level, real GDP, and the nominal interest rate. Use an upward-sloping, short-run supply curve in your analysis.
How much does the gross price increase in each market
Consider the following Solow model of growth. Both population and work force grow at the rate of n=1% per year in a closed economy.
Those who advocate that the Federal Reserve target monetary aggregates usually argue that the Fed should not alter its monetary targets in response to temporary changes in macroeconomic conditions
Assume that the following information about the economy is correct. The potential GDP is 3 percent. Real GDP has fallen at a minus two percent rate in the last 12 months.
Illustrate graphically the impact in the short run and the long run of a Federal Reserve decision to increase open-market purchases.
Explain how the aggregate expenditure function shifts in response to the changes in each of the following variables:
Shelly's preferences for consumption and leisure can be expressed as. This utility function implies that shelly's marginal utility of leisure is C-200 and her marginal utility of consumption is L-80.
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