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From the article The Risks of Chronic Large Deficits
What did the research of Rogoff and Reinhart show about the effects of a high debt/GDP ratio?
Calculate the income elasticity of demand ηI. Are vegetables inferior goods and calculate the optimal prices in each market - What would be the profit of the XOCOLAT FACTORY if it decided to engage in price discrimination?
Suppose that this year's money supply is $500 billion, nominal GDP is 10 trillion and real GDP is $5 trillion.
What is the profit maximizing output level for the typical firm? (Hint: Calculate MC for each change in output, then find the equilibrium price, and calculate MR for each change in output)
Misery Index How might the psychological strains that many people feel during difficult economic times help prolong an economic downturn?
Explain the exogenous factors that you need to be aware of when developing these forecasts. Assess the GDP, rate of unemployment, and interest rates trends.
What is the current annual inflation rate (based on the CPI-U) Summarize the major reasons behind this figure. What is the most recent numerical value of the CPI-U What exactly does that number mean
the average tax charge is $95. Assuming a normal distribution as a standard deviation of $10, use the approximate areas beneath the normal curve.
The supply curve S1 and the demand curve D indicate initial conditions in the market for gasoline. A $.60-per-gallon excise tax on gasoline is levied, which shifts the supply curve from S1 to S2. Which of the following states the actual burden of ..
Assume if the objective is to increase total income, should the price be increased or decreased. Explain.
Suppose that individual forecasts of a particular interest rate are normally distributed with a mean of 10 percent and a standard deviation of 1.6 percent. (Round k, Q1, and Q3 to three decimal places, and round percentages in part a to the neares..
Illustrate what is the objective of the article. Please note that the article has to be relevant to microeconomics and the topics covered in this class.
Beef supplies are sharply reduced because of drought in the beef-raising states, and consumers turn to pork as a substitute for beef. How would you illustrate this change in the beef-market in supply-and-demand terms?
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