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(Part A) Evaluate the fundamental arguments between Keynesians and Monetarists concerning the level of government involvement in our economy to minimize the impact and stabilize the different stages of the business cycle.
(Part B) Any change in the economy's total expenditures would be expected to translate into a change in GDP that was larger than the initial change in spending. This phenomenon is known as the multiplier effect. Explain how the multiplier effect works.
(Part C) You are told that 90 cents out of every extra dollar pumped into the economy goes toward consumption (as opposed to saving). Estimate the GDP impact of a positive change in government spending that equals $8 billion.
Explain briefly the difference between a sharp and a fuzzy discontinuity design (not to expalin how estimation would process in each case . just describe the kind of situation that would give rise to sharp RDD and afuzzy one)
In the United States, if the average growth rate of nominal GDP is 2.8 percent, inflation is 1.6 percent, and population growth is 0.5 percent, what is the growth of real GDP? Per capita nominal GDP? Per capita real GDP?
Write a bash script to comment code blocks in a bash source file. A bash comment is all characters from a # character (beginning a word) to the end of the line.
What did the recent "Sovereign Debt Crisis" in Europe have to do with Fiscal Policy?What are the advantages and/or disadvantages of using monetary policy instead of fiscal policy?
Besides your pricing decisions, what are your suggested nonpricing strategies? What nonpricing strategies will you use to increase barriers to entry?
Take a position on whether the banking industry needs more or less government regulation. Support your position with two (2) examples of the impact of regulation.
Where utility theory views the consumer as a ‘rational economic man' (Zinkhan 1992), contemporary research on Consumer Behavior considers a wide range of factors influencing the consumer, and acknowledges a broad range of consumption activities be..
The classical range of the aggregate supply curve. Advise the President on good economic policy - When more purchasing power is spent, one expects rising output at rising prices.
List and explain THREE (3) ways U.S. Presidents are more AND less powerful than the British Prime Ministers? If you could change TWO (2) things about how Congress works, what would that be? Explain.
A summary of the operations of XYZ Corporation for the year ended, Calculate the net income for the year by preparing an income statement.
Illustrate what is the economic growth rate equal to. Write down your math calculations. Show to 6 decimal points.
What is a consol bond? What is the duration of a consol bond that sells at a yield to maturity of 8 percent? 10percent? 12percent? Would a consol trading at a yield to maturity of 10 percent have a greater duration than
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