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Question: Indicate whether each statement is true or false, and briefly justify your answer. Each question is worth two marks. You should draw a labelled diagram or provide an example to explain your answer, wherever appropriate.
1. The value of a second-hand car would be included in GDP of 2020 if its purchased by firms rather than households in 2020.
2. During COVID-19, a lot of economic activities constituted "work from home" so they will not be included in real GDP for 2020.
3. Macroeconomic policymakers in any country only want to increase real GDP and reduce unemployment without bothering about inflation.
4. Lowering the Official Cash Rate (OCR) in New Zealand would be an example of a contractionary monetary policy.
5. A crowding out effect of an increase in government expenditure would be expansionary in nature, increasing real GDP.
6. Introduction of digital technologies to boost productivity would shift the aggregate supply of an economy only in the short-run.
What is the difference between contractionary and expansionary monetary policy? What is the difference between contractionary and expansionary fiscal policy
If the input costs are rising at teh same time that consumer income is falling, what will happen to the equilibrium price and quantity?
In my ten years of experience I have encountered and worked with four different types of pallets. I have worked with 463L pallets which are strictly used for air planes with a locking rail system. I have also worked with three different types of ware..
Historically, by how much does one extra bedroom increase the value of a house? Run the following two specifications. Please be very careful about your interpretation. Answers without work shown will receive zero credit. Regression without any int..
The invention of computers and word processing programs enables authors to write books more quickly. Analyze the effect on the labor market for authors
Prepare a 2-3 page paper using APA format discussing how the Coase Theorem provides an alternative to government regulation and provision of services. How is the definition of private property a critical part of this analysis?
4. Sam consumes green eggs and ham. Ham and green eggs are both normal goods.
Assume a country decides it will either dollarize or create a currency board. Of these two options, why might dollarization be a better choice.
Econ 5850 University of Cincinnati, economic environment within the country of your choice impacted the flow of goods or services within the last three years
changing preferences can also affect changes in land use. in the united states the proportion of the population in the
1. Has this class changed your perception of "classical music". Be specific in your answer and mention any music you listened to, things you read, or interviews
However, because the market is so new, reputations for quality have not yet developed, and consumers cannot tell the quality difference between an Ajax digital and a Knockoff digital just by looking at them.
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