Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
When Bill Clinton took office in January 1993, he faced two major economic problems: a large federal budget deficit and high unemployment resulting from a very slow recovery from the recession of 1990 to 1991. In his first state of the union message, the president called for spending cuts and substantial tax increases to reduce the deficit. Most of these proposed spending cuts were in the defense budget. The following day Alan Greenspan, chair of the Federal Reserve Board of Governors, signaled his support for the president's plan. Man y elements of the president's original plan were later incorporated into the deficit reduction bill passed in 1993.
A) Some said at the time that without the Fed's support, the clinton plan would be a disaster. Explain this argument
B) Supply-side economists and monetarists were very worried about the plan and the support it received from the Fed. What specific problems might a monetarist and a supply-side economist worry about?
C) Suppose you were hired by the Federal Reserve Bank of St. Louis to report on the events of 1995 and 1996 What specific evidence would you look for to see whether the Clinton plan was effective or whether the critics were right to be skeptical?
Suppose two methods for achieving less water use in a community. The 1st method includes trying to convince people to apply water conservation measures and to use less water at current prices.
Suppose a small city dry-cleaning market, which is monopolistically competitive. Currently, the typical dry-cleaner is charging $5 an product.
Utilizing the link and the instructions to follow, create a graph of the US GDP relative to Debt from the period 1981 to 2010.
To finance this subsidy every pair of stilts purchased by someone who is tall is taxed at a rate of T percent.
Assume that the unemployment benefits provided by the private sector (firms) are increased permanently, please answer the following questions.
Gus cab driver rents a cab and pays for gas. In each of following circumstances, describe the short-run effects & long-run effects on the price and quantity of rides Gus offers.
Describe the provider's equilibrium salary and how many nursing units it will hire.
Explain how would each economist explain unemployment and what policies would each advocate.
Estimate total revenue function and the marginal revenue function with just this information.
Describe the total shortage associated with the price ceiling. Compute the full economic price. How much is the non-pecuniary price.
Discuss and explain how exchange rates are determined using supply and demand. Provide some examples. Determine the current exchange rate of the United States to Japan, Canada, Germany, and Mexico currencies?
Explain why do economists attempting to forecast short run future changes in real GDP and employment look closely at data on business inventories and unfilled orders.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd