User Account

All Pages

How would you define recession

Assignment Help Macroeconomics
Reference no: EM133278035

1. Referring to Figure 14.3 above, explain what is occurring in the years 2008-2010 and then in 2005-2007 in terms of real GDP and potential.

2. From 2010 onward it appears that US real GDP is recovering. After referring to Figure 14.3 once again, what conclusion might you make about this recovery especially in terms of potential GDP?

3. How would you define a 'recession'?

4. Explain why economists termed the period following 1991 as the Great Moderation.

5. Real GDP does not include all goods and services produced. Explain.

6. The United Nations has constructed a Human Development Index (HDI). What does this index measure?

7. Where does the United States rank using the United Nation's HDI?

8. Why isn't the US ranked highest since it has one of the highest GDP's per person in the world?

9. If GDP increased and the unemployment rate decreased, what phase of the business cycle would you assume the economy is in?

10. When exactly do economists say that an economic expansion ends and a recession begins? When does a recession end?

Reference no: EM133278035

Questions Cloud

Anticipates an increase in money supply : Using an AD -AS model with an upward sloping SRAS curve, is there a short run effect when the public fully anticipates an increase in the money supply?
Should we be trusted with credit card : Should we be trusted with a credit card? When you make a purchase with a credit card, how does the business owner trust we'll pay them back?
Consumption function C : The consumption function "C" can be divided into parts that are and are not income-dependent. What is the equation and what do each of its parts mean?
How does increase in aggregate demand affect output : How does an increase in aggregate demand affect output, unemployment, and the price level in the short run?
How would you define recession : How would you define a 'recession'? Where does the United States rank using the United Nation's HDI? Real GDP does not include all goods and services produced.
Democratic presidential nomination : Robert Kennedy, when seeking the Democratic presidential nomination in 1968, What do you think he feels is missing when measuring GDP.
What does business fixed investment equal : Inventory investment is $62 billion and total investment is $1.122 trillion. What does business fixed investment equal? Calculate each component's share of GDP.
Consequences for output and investment : What are the likely consequences for output and investment?
Competition between companies was wasteful : Communists believed that their system would be much more efficient that capitalism. They thought competition between companies was wasteful.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd