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Define the differences and/or similarities between the latent theory and the trajectory theory. Which one do you feel better defines why individuals commit crimes?
If the prices of gold and other commodities increases how will this influence the value of the rand. Explain how will a depreation of the rand influence our exports and imports.
q1. will the unemployment impact be bigger or smaller when we have elastic supply as opposed to inelastic supply?
Measuring performance: If public opinion surveys show that the majority of Americans regard inflation as a more serious threat than unemployment:
Suppose that a Presidential candidate proposes to cut taxes by $120 billion in his or her first year in office. Assuming that the US is a large open economy and its MPC = 0.8, state the long run impact of this tax cut on Y, C, I, G, NX, r, ε, Sp, Sg,..
U.S. Higher alcohol taxes, more traffic deaths. Why might re be more traffic deaths in states that have higher alcohol taxes.
What are the advantages and disadvantages of a currency union? Describe the theory of optimum currency areas?
What are carrying costs in the denominator of the economic order quantity (EOQ) formula? How do large carrying costs affect the economic order quantity?
All astute comments thus far. Some government projects also programs continue to give benefits for many yrs.
Show that the value of GDP at the point of spending balance is 6,000 billion. What proportion of investment is private saving? Government saving? Saving by the rest of the world?
Which of the following is not an accurate description of what can cause inflation?
The White House sees a recession on the horizon, but Congress is preoccupied with other issues and is slow to act.
Explain the effects of each of each of the following factors on the economy’s price level and real GDP. Illustrate your explanations with appropriate diagrams.
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