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Consider an economy (such as Australia) is experiencing a recession. Recommend ONE (fiscal) policy action for the government which can have both a demand and a supply side effect. Using the aggregate demand and aggregate supply diagram clearly explain the effects of your recommended policy.
What is the argument against attempting to balance the Federal Government budget rapidly at the present time via either deep cuts in Federal Government spending or sharpincreases in federal income tax rates?
You are Secretary of the Treasury Jack Lew. It's six months into Obama's second term as president and you receive some estimates of national accounts numbers you plan to report to the President in a cabinet meeting. Under one set of expectations..
Given the following predictions for nominal wage increases and productivity growth, state your forecast for inflation (assume this is all the information available to make the forecast).
a. What would be the effect of unexpected inflation on each of the following? b. How would your answers change if the inflation was expected?
How does the global political environment shape foreign policy? How do US foreign policies shape daily lives of Americans? What are the roles of the president in foreign policy decision-making?
Analyze the impact that economic and monetary policies of one of the chosen countries currently exerts upon its trade with other countries.
What is the current macroeconomic situation of your chosen country? What are two major macroeconomic problems in this country and what is the main cause of each problem
How income may change savings behavior
The quantity theory states that the impact of money on nominal GDP can be determined without details about the aggregate demand curve, so long as the velocity of money is predictable. Discuss the reasoning behind this claim.
Explain how would the subsiquent changes in price affect total revenue. What are the major determinants of price elasticity of demand.
1. Am entry barrier exists when firms in an industry charge the lowest price possible for their products? True or False
In the cancer data we have 43 observations for each type of cancer, giving a total of 172 observations for all the cancer types. Suppose you now estimate.
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