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Consider the question of whether the United States should adopt a gold standard, remain in the current float-based system, or use some other system. Consider the impossible trinity mentioned above and carefully define all terms and concepts to which you refer. Explain the reasoning behind your answer and not the changes to the US economy and policy that would be required in any change.
Illustrate what kinds of changes in underlying conditions can cause the supply and demand curves to shift
Get price level stability under these conditions the government should:
Explain the budget identity and fixed budgetary commitments, with specific reference to the South African 2009/2010 budget, as constraints on the pursuit of discretionary fiscal policy
"Most of the firms spend considerable amounts of money on advertisement". Explain advertising elasticity of demand and its practical applications in this context.
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs? Explain
Illustrate (Draw the graph) the following events with AS and AD shifts. Start with the initial graph then add the change to either the AS or AD.
Briefly accounting describe two limitations of national income. On the basis of these data calculate GDP, GNP, NDP, NI, PI, and disposable personal income.
Elucidate the difference among the consumption of a free good and a good that is not free.
Suppose the CFO of a German corporation with surplus cash flow has 1 million Euros to invest. Suppose that interest rates on 1-year CD deposits in U.S. banks
Two countries alike in all other respects differ markedly in their provision of social insurance. One country provides old-age retirement pensions, unemployment insurance, and catastrophic illness insurance
Capital budgeting projects comprise all of the following with the exception. Asymmetric information represents a market situation.
Illustrate what is the minimum national loss if Canada is a small country that can not affect the world price.
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