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The Federal Reserve benefits
The Federal Reserve (The Fed) is probably the most independent government agency in the United States. Independence means that the Fed is free from presidential and congressional political pressures. Every few years, the question arises in Congress as to whether the independence of the Fed should be curtailed. Politicians who strongly oppose a Fed policy often want to bring it under their supervision in order to impose a policy more to their liking.
Should the Fed be independent, or would we be better off with a central bank under the control of the president or Congress?
Explain how might a high school student's experience with inflation differ from an employed urban adult.
Select any low income country (or countries) on which you can find data on the following (a web search should yield you the required information)
Illustrate the difference among dollarization, a currency board, and a fixed exchange rate regime. Do you know of any countries that have recently adopted dollarization.
At some of these schools, economics professors have lighter teaching loads than professors in some other fields. Illustrate what role do the differences in teaching loads play.
From each pair of goods, pick the good for which demand will most likely be more elastic:
Suppose the following equations discuss a hypothetical economy where both the price level and interest rates are fixed.
Illustrate what are the best goals for the Fed. Should it lean toward restraint or toward expansion.
In other situations it would be reasonable for a purely competitive wheat farmer to raise his price per bushel because he could reduce his variable costs by selling less at a higher price. True or false, and why?
Assume that the Federal Reserve acts to lower interest rates. How this will affect the U.S. economy.
Looking to raise profitability in perfectly competitive marketplace. How to efficiently plan production?
Explicidate key macroeconomic variables which affect your industry.
Calculate the price elasticity of demand for paint and Illustrate the calculations.
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