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Visit the Fed's Summary of Commentary on Current Economic Conditions ( https://www.federalreserve.gov/monetarypolicy/beigebook/default.htm ) also known as the Beige Book. Prepare a proposal recommending monetary policy actions designed to correct problems with spending, employment, and prices. Defend your choices.
*The proposal should include the recommendations and the likely outcome of the Spending, Employment and Prices for each respectively.
The demand function for Newton's Donuts has been estimated as follows:
for each term define what it means and then discuss how it affects aggregate demand and aggregate supply. under
Describe why relatively flat as opposed relatively steep labor demand curves are more consistent with empirical observation that there are relatively minor changes in the real wage rate over course of business cycle.
Suppose that property rights to the environment are established, and Jack has them. Further, assume that Jack and May can engage in costless bargaining.
Gruel is an inferior good. Hence, an increase in consumer income decreases the supply of gruel increases the supply of gruel decreases the demand for gruel increases the demand for gruel
If twelve units of a good are sold when the price is $1 per unit, and eight units are sold at a value of $1.50 per unit,
Illustrate what are the four stages of the Business Cycle. Compare and Contrast five internal and external Business Cycle theories.
Explain how might federal deficits crowd out private domestic investment. How does this crowding out affect future living standards.
Use the expenditure approach to comput GDP. Use the income approach to calculate GDP.
A college football coach says that given any two linemen X and Y, he always prefers the one who is bigger and faster. Is this preference relation transitive? Is it complete? Explain your reasoning.
In Europe, it was decided that farm subsidies would be paid to farmers who protect the environment as well as producing food. What would this mean for farmers who receive the subsidy?
a. What were the main causes for the financial crisis that hit the world economy in 2007- 2008 b. What caused the European debt crisis Brieáy discuss the situations in Greece, Ireland, Spain and Portugal - what are the main problems in these econo..
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