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1) Explain what is meant by a business cycle.
2) Describe the four phases of an idealized business cycle.
3) Describe how innovation and/or random events might cause business cycles.
4)Describe how the Bureau of Labor Statistics (BLS) measures unemployment.
5) Evaluate strengths and limitations of BLS unemployment statistics.
6) What are the causes of frictional, cyclical, and structural unemployment?
Discuss the role of corruption in the modern economy. Give specific examples of instances of corruption duringa) S&L crisis and the recession of 1991 b) Enron and the recession of 2001 c) Subprime mortgages and the recession of 2007
1. explain what effect an expansionary fiscal policy would have on the price level and real gdp starting from full
What trade policy changes have taken place in your country? Describe changes in trade policy 1990-2015. Does your country have a Stable Government?
Explain how would the edgeworth box change. How would the production possibilities frontier change as a result
halleys comet has a period of approximately 76 years and it moves in an elliptical orbit in which its distance from the
Explain how these twodemands can be combined graphically to determine total moneydemand. How is the equilibrium interest rate in the moneymarket determined?
Illustrate graphically and compare the profit to be gained by a monopolist and a single firm in an identical perfectly competitive industry by developing an identical cost-saving innovation.
i) Let B-hat denote an estimator of B that is constructed as B-hat = Y-bar/X-bar, where Y-bar and X-bar are the sample means of Yi and Xi, respectively. Show that B-hat is conditionally unbiased.
Provide a rationale for the economy starts to recover from a severe recession and more people go back to work, government-funded unemployment compensation payments begin to decline.
What is the appropriate goal for the inflation rate? How should the Federal Reserve Board use its policy to achieve its goals? How effective is the Federal Reserve monetary policy in achieving its goals?
With lower values for gasoline than a couple of years before will Americans start spending again? If they do, what will they spend the savings on Vacations?
The Hull Petroleum Corporation and Inverted V are retail gasoline franchises that compete in local market to sell gasoline to customer.
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