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Question: Answer the following questions
a) Explain the debate in macroeconomics between doing economic policies by rules vs discretion. Provide examples.
b) Explain the use of automatic stabilizers in macroeconomic policy. Give examples of them.
c) Explain the traditional and Ricardian view with respect to budget deficits.
d) Explain the measurement problems in Government Deficit
Can you even ?nd the data in any U.S. government statistical sources? For example, one would guess that the state of Louisiana ran large current account de?cits after it was devastated by Hurricane Katrina in 2005
1. The following table shows information on the conditions of demand and supply for bicycles, where the quantities of bicycles are measured in thousands. a. What is the quantity demanded and the quantity supplied at a price of $210?
Using relevant diagram(s), show and discuss the possible impact of recent interest rate cuts on output, inflation and unemployment.
Gene Milton borrowed a sum of $5,000 from his uncle Ben and after three years paid a sum of $5,000 and paid another $1000 after 4 years to pay off the loan.
Suppose that Melanie had 200000 of disposable income and spent 180,000 on consumption in 2006 & had 300,000 of disposable income & spent 240,000 on consumption in 2007
Accounting 555 - Accounting Policy and Research What disclosure policy (or policies) could be an equilibrium - How do your answers to the above change if the probability of NOT knowing the information falls from 50% to 10%?
What was the maximum number of days of a year an employment, a member of a poor rural will get under Hawar Rozgar Yojana?
Explain how an increase in the cost of job loss may lead to an increase in the intensity with which workers work. What role does the wage rate play in this process?
-An academic economist from UC Berkeley told a congressional committee that if the United States doubled its real GDP
As part of a marketing research committee for your organization, you have been assigned the task of preparing a 700-word research paper about current microeconomic thought and theory.
Culture defines the way of life of a particular people. Researchers state that culture does not exist where there is no comparison. The culture of any country is hence identified by comparing two or more cultures.
Suppose the Department of Agriculture ordered all farmers to reduce the acreage they plant by 10%. Would you expect a 10% reduction in food production? Why or why not?
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