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Which of the following scenarios is an example of a transmission lag?
1--The economy enters a deep recession and Congress passes spending on public works that will take years to plan for and build.
2--The economy enters a deep recession on the same day that new quarterly data show positive economic growth.
3--The economy enters a deep recession, and Congress takes two months to approve an extensive tax cut bill.
Which of the following scenarios is an example of a data lag?
1--Policymakers obtain relevant economic data months after a recession has already begun.
2--A new law requires that all new spending bills go through at least one month of debate before receiving a congressional vote.
3--In response to a recession, Congress passes a spending bill for interstate highway upgrades that will take years to plan and complete.
What is the “ethic of giftedness”? What values does Sandel argue are realized in embracing this ethic? How would Sandel view uses of technological enhancement that are generally accepted (prosthetics, eyeglasses, etc…)?
In 2013, American Airline wa charging $ 2,386 for round trip, non-stop and unresticted ticket between Boston and Dallas, but the price has been cut in half to $ 1, 698. (1) What can you say about the price elassticity of business travel damand on tho..
Describe, using complete sentences, at least three specific features which your ideal bank would provide to you.
In 2012, Peter Pan’s Pizza Pizzeria produced and sold 10,000 pizzas at a price of $8 each. In 2013,Peter Pan’s Pizza Pizzeria produced and sold 12,000 pizzas at a price of $9 each. How much did Peter Pan’s Pizza Pizzeria contribute to nominal GDP (in..
Don Ball is a 55-year-old engineer. According to mortality tables, a male at age 55 has an average life expectancy of 21 more years. Don has accumulated $150,000 toward his retirement. He is now adding $5000 per year to his retirement fund. What is t..
If offshore assembly provisions were extended to include more goods, what would this do to the actual level of protection provided by a country’s nominal tariff schedule? Explain. If the extension of the provisions is made to final goods but not to i..
Assume a per-unit tax of $2.00 is levied on the producers of Gadgets. Illustrate what is the after-tax market equilibrium price and quantity.
Calculate the own price elasticity of demand for the demand curve P= 15-3X at prices and compare the outcomes.
Why doesn’t the Fed simply keep increasing the growth rate of the money supply at faster and faster rates to drive the unemployment rate lower and lower? Wouldn’t the gains in terms of faster output growth far exceed the losses from inflation?
If you have to make a random guess and there are four possible answers, what is the expected value of guessing?
During the fiscal expansion associated with the Vietnam war, what type of expenditures was initially "crowded out?"
Suppose GDP in this country is $1,330 million. Enter the amount for consumption. National Income Account Value (Millions of dollars) Government Purchases 350.
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