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1. Discuss what is meant by Fiscal Policy.
2 What are the instruments of fiscal policy? Evaluate the effectiveness of increasing government spending and tax cuts as a means of stimulating aggregate demand.
3. Explain, using the statistics of government expenditure, personal taxation rates and transfer payments , what fiscal policy stance did the 2011-12 Federal Budget take?
4, Evaluate the appropriateness of the government's fiscal policy stance to the present economic situation within Australia with particular reference to the growth rate, level of inflation and unemployment, the current account deficit and monetary policy stance.
Illustrate what is the difference among real GDP and nominal GDP. Does GDP accurately reflect our nation's productivity.
Now, assume the ECB also employs comparably aggressive policy. Copy your results from the left graph and show on the right graph how the ECB could affect the USD/EUR exchange rate.
Read the following text and answer the questions below: Discuss the limitations of this model as an explanation of the effects of government expenditure on GDP.
Explain why does the US steel industry want a tariff on imported steel. Show the US steel market with and without a tariff, showing graphically why they will like a tariff.
Assuming that there are only two goods, and the other good (food) is capital intensive, show the equilibrium points of production and consumption in ALFA, before and after trade.
During 2003, Company A and Z made the following identical purchases in the order shown, Each firm sold 400 units but A fimr uses LIFO inventory costing and Z Company uses FIFO inventory costing.
describe market trends that Proctor and Gamble will face. Elucidate your conclusions. address how each of the following will change or will not change, and why.
Show the weekly relationship among output also number of workers for a factory with a fixed size of plant.
You work for an unemployment agency that distributes unemployment checks to unemployed workers in your state.
Explain in a nontechnical way why demand is elastic in the northwest segment of the demand curve and inelastic in the southeast segment.
Draw a diagram showing the current situation of the firm. In addition to the above information, suppose the price of the output is $13/unit, if the firm wants to maximize its profit, what should it do? Explain in detail with the aid of a diagram.
Is it possible for the gross federal debt to rise in dollar terms but decline as a percentage of GDP? Explain your answer.
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