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1. What are main tenets of the modern classical school and how do they differ from those of the traditional classical school?
Discuss critically the contributions of the modern classical school to our understanding of the role and limitations of monetary and ?scal policies for stabilization, and compare these with those of the neoclassical model.
2. Discuss the empirical validity of the implications of the modern classical model for(i) the long run, (ii) the short run.
3. What is the empirical assessment by Lucas of the importance of short-run ?uctuations in unemployment and output due to errors in expectations? Discuss other possible reasons for such ?uctuations.
4. How do (i) real business cycle theory, (ii) Friedman-Lucas supply analysis, explain ?uc- tuations in unemployment over the business cycle? What is the impact on unemployment of changes in aggregate demand in these models? How would you test the validity of the implications of these theories?
5 pages including equilibrium graph on India to remain major sugar producer. Source is "India to remain major sugar producer, "The Economic Times"
Based on the assumption that each family spends $100 plus one-half of its total income each week, what is the total weekly consumption spending of a poor family prior to instituting the tax? What is the total weekly consumption spending of a rich ..
When you are given the units of resource, total product, and marginal product. what do you need to find to determine how many resources the firm will employ.
When appropriate, the optimal solution to a maximization linear programming problem can be found by graphing the feasible region and: finding the profit at every corner point of the feasible region to see which one gives the highest value.
A gasoline station very near a professional football stadium parks cars on its lot to make money on game days. Last year it charged $4.00 per car and parked 1000 cars. This year it raised the parking price to $5.00 and parked 850 cars. Did the statio..
Analyze relevant scholarly economic research into the two events (Great Depression and the 2007-2009 United States recession) and the impact on institutions, public policies, and regulations during these timeframes -
When an employee is being terminated, what are the appropriate steps to follow? Should the news come from a letter/email or person to person?
You have won the lottery. There are two ways which you can receive your prize. You can either have 1 million in cash now, or you can have 1.2 million that is paid out as follows: $300,000 now, $300,000 in one year's time, $300,000 in two years' ..
Economics article for the title 1, Public Bank 2. National Growth Rate
Consider the role the U.S. government has taken in the regulation of banks, as well as the history of major banking regulations, and predict the next major regulatory move by the U.S. government. Explain your rationale.
suppose there are two consumers a and bthe utility functions of each consumer are given byuaxyxyubxyminxythe initial
What circumstances might you expect barter to reemerge in an economy that has fiat money as a means of payment - high inflation and the public loses confidence or trust in fiat money, barter may reemerge.
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