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Please write a 700-1,000 word paper in which you address the questions below. Also, please do your best to format your work accordingly and to cite any references you might use.
In the most recent recession of 2008-2009, the United States saw a declining GDP, rising unemployment, and sometimes deflation. Describe these variables during the recession and in the following years. What type of fiscal and monetary policy is appropriate to fight the recession? Analyze, using the Phillips curve and theory. Research and describe some of the policies that were used by the U.S. government and central bank. Were these policies successful?
Suppose that the economy is thought to be 2 percent above potential (that is, the output gap is 2 percent) when potential output grows 4 percent per year. Suppose also that the Fed is following the Taylor rule, with an inflation rate of 2 perce..
how would you convert nominal gdp into real gdp? what benefit would you get from this conversion? also for the list of
considerthe following firm-levelsupply schedule for orangesq fp 2p - 2 where p themarket price of oranges.a. if there
should owners use market research when making decisions about starting or expanding a business POLICY MAKER 1.Government policymakers may be elected politicians or appointed experts. Describe some of the specific decisions made by policymakers that..
Which of the following appears as a positive item on the balance of payments account for the United States? If the United States wants to regain ownership of domestic assets sold to foreigners, it will have to increase domestic consumption.
assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision
Ten firms compete in a market to sell product X. The total sales of all firms selling the product are $2 million. Ranking the firms' sales from highest to lowest, we find the top four firms' sales to be $260,000, $220,000, $150,000, and $130,000, ..
Determine the equilibrium price and quantity and explain its meaning to your chosen company. Indicate how your chosen company's management should use this information to make sound strategic decisions.
The economists also argued that the technical level of potential output had risen. Show their argument using the AS/AD model.
Cockatoos are drugged and smuggled in suitcases to the United States. Half of the smuggled cockatoos die in transit. Each smuggled cockatoo has a 10% probability of being discovered, in which case the smuggler is fined.
1 2 2 5 isa a normative statement.b a moral judgment.c correct given common assumptions.d a positive statement.2 an
list and describe the characteristics of a perfectly competitive market. why would a firm in a perfectly competitive
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