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Differentiate at least two different eighteen month forecasts for Gross Domestic Product (US) and graph them. Include a reconciliation of differences between forecasts for GDP and a rationalization for which forecast you believe is most accurate. Defend your opinion.
Illustrate what is nominal GDP. Illustrate what is real GDP included in each.
Elucidate and discuss if and how this has changed over the past 5 years. Write a brief description of the fiscal policy of the United States.
An economists have estimated the subsiquent transportation elasticities.
Show analytically and show graphically that, in Keynesian consumption function, the average propensity of consumption is always bigger that marginal propensity
Assume that you're a member of the Board of Governors of Federal Reserve System. The economy is experiencing a sharp decline into a recessionary phase of the business cycle.
Assume the market demand curve in an industry is characterized by P=1-Q, where P is the market price and Q is the total quantity supplied to the market. Assume there are three firms in this industry.
Illustrate what is offshoring of white-collar service jobs, and how does it relate to international trade. Why has it recently increased.
Discuss and explain why hyperinflation has such a devastating impact on economies. Describe what it takes to stop hyperinflation.
Illustrate what effort does the principal want to induce when effort is not observable. Illustrate what is the optimal contract for the principal.
The law of comparative advantage recommends that countries specialize in those products in which they have a comparative advantage, not an absolute advantage.
How would you characterize the market for crude oil production? Explain your answer. Explain the long run profit behaviour of firms in this kind of industry.
I am a manager in a governmental agency. I have no control over compensation policy. All workers are paid the same salary.
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