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Assume the economy has a GDP of $11,500 billion. The unemployment rate is at 7.3% and has been slowly rising for the last 6 months. Inflation was at 2.3% one year ago but has since dropped to near 0%. The MPC in the economy is .75 and the Natural Rate of Unemployment is 5.0%.
a. What problem is the economy currently facing?
b. Is the problem serious enough that government should act to solve it?
c. If the government does decide to act, what size government expenditure would fix the problem
d. What size tax change would fix the problem?
e. Why would it be better for government to solve the problem using government purchases (part c above) rather than taxes (part d above) to solve the problem?
f. Assuming that government does decide to use the tax policy, what could happen to cause the policy to be ineffective?
Briefly explain if you agree with the following statement: If interest rates rise, bonds become more attractive to investors, so bond prices rise. Therefore, when the interest rat
1 ) GDP Consumption 240 244 250
An advantage of observing statistics from this range is that it encapsulates both positive and negative performances of the economy helping to produce a much more accurate insight
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discuss modern theory of determination of rent?
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I want you to solve problem in Macroeconomics.It is in the file attachment.
National Marine Fisheries Service is considering closing a large area of federal waters to fishing in Alaska due to negative interactions of fishing with endangered Steller sea lio
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