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Assume that the country is in a period of high unemployment, interest rates are at almost zero, inflation is about 2% per year, and GDP growth is less than 2% per year. Suggest how fiscal and monetary policy can move those numbers to an acceptable level keeping inflation the same. What is the first action you would take as the president? As the chairman of the Fed? Why? What would be your subsequent steps? Make sure you include both the positive and negative effects of your actions making sure you include the trade-offs or opportunity costs.
Include the following concepts in your discussion:
Illustrate what happens to an individual person's demand curve for BlackBerry phones as the number of other Blackberry users declines.
Important member of the Board of Directors only have some basic training in economics. So you should explain your results intuitively and use the language so that people with only intro level economics can easily follow.
Assume a 2 sector economy (where the two sectors are consumption and investment) where C= $100+ 0.9 Y and I=$50
Where does cross-price elasticity information is more important.
Arrow now sells 100,000 silk shirts at $100 each. The material per shirt expense $40 and labor costs are $50 a shirt. The company has $1.2m. In fixed costs.
Early Classical economists found the subsiquent diamond/water paradox perplexing.
If you have two items which are complements in consumption and the price of one of them goes up, what happens to the demand of each of the items.
Suppose that natural real GDP is constant. For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent. Draw the new short-run Phillips Curve.
Describe three (3) ways we can use macroeconomic analysis, with one (1) original example for each way. Using the real business cycle theory, explain two (2) effects of an adverse technological shock on the labor market and on the output market.
Discuss and explain the relationship between Japan and Korea's unemployment? What Trends do you see in the information set?
Describe and answer in economic terms the question, should a company hire temp teachers or hire new teachers?
Estimate the linear trend in the data, and use it to forecast gasoline sales in the United States in each quarter of 1990.
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