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Explain the aspects of expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate?
What is the basic objective of monetary policy?
Why is monetary policy easier to conduct than fiscal policy?
You are in a class with one other student. It is the end of the semester and final exams are in one week. Your teacher has said the final exam will be graded so that anyone who scores the class average on the final exam will receive a B in the class.
In 2011 the US trucking industry faced the following economic conditions: (i) At last the US economy was recovering from a prolonged slump during which trucking had shrunk its capacity by 14%,
The manager of a corporate division faces the possibility of an audit every yr. She prefers to spend time preparing if she will be audited
Suppose the total market demand is composed by the demands of two consumers A and B. Their individual demand is: QA= 10 − 5P and QB = 4 − P. Calculate the total demand function. List detailed steps. (Hint: remember to check the kink point).
What is the own price elasticity of demand when price is $100? Is demand elastic or inelastic at this price? What would happen to the firm’s revenue if it decided to charge a price above $100? What price should you charge in order to maximize the fir..
the area of the coil is perpendicular to the magnetic field lines, what is the resulting average emf induced in the coil? Any help is appreciated!
Say 20 people each have demand Q = 20 – P for street lights and 5 people have the demand Q = 18 – 2P for street lights. The cost of providing a street light is 10. If it is impossible to provide a fractional number of street lights, how many street l..
The US government decides to reduce the government budget deficit by increasing taxes and keeping government expenditures at the existing level. What are the effects of increasing taxes in the short and medium run for the US economy? Is it possible t..
Make a list of your human capital. Be sure to point out what occupations, situations where your human capital is valuable. Also, make some statement of the relative scarcity of each of your talents and skills and the wage differential it offers. Keep..
During the third quarter of 1997, Japanese GDP was falling at an annual rate of over 11 percent. Many blamed the big increase in Japan's taxes in the spring of 1997, which was designed to balance the budget. Explain how an increase in taxes with the ..
Calculate scale elasticity at the mean of the data; In order to reduce unit cost would you recommend an increase or a decrease in total production? Why?
To make the financial markets safer, the Canadian government proposes tightening the rules for making a loan. Such rules require higher borrower creditworthiness and shorter pay-back periods. Analyze this proposal in a supply and demand for loan able..
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