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A) Is current U.S. Fiscal Policy expansionary or contractionary? Provide a specific example that supports your answer.
(B) Is current U.S.Monetary Policy expansionary or restrictive? Provide a specific example that supports your answer.
(C) Do YOU think that current U.S. Fiscal and Monetary policies should be expansionary or contractionary? Briefly indicate why YOU think this way.
Output maximisation and cost minimisation
Compute the Average cost, Marginal cost, Average Variable Cost and the output level at which Average Variable Cost is at a minimum.
What is an instrumental variable and Angrist and Krueger use quarter of birth as an instrument for education and explain why quarter of birth may affect education
How much money can his bank lend out initially? How much total money supply will change eventually in the whole banking system?
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
What is the initial effect of the tax reduction on aggregate demand? What additional effects follow this initial effect? What is the total effect of the tax cut on aggregate demand?
Estimate the demand function
Select a product you have purchased in the past month from a clothing or shoe store. Explain how each of the four factors contributed to the elasticity of the good.
Which were the main causes of the Great Depression and why did the Great Depression last so long?
How will you rank the countries for the investment decision based on the macroeconomic data, Justify. Present the scorecard you used in your analysis.
Write a report outlining what firms need to do in order to bring in the most talented people (from anywhere) and make the fullest possible use of their abilities.
Think a small open economy with a fixed exchange rate system. Assume there is a general expectation that central bank will revalue the domestic currency in the future
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