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What would you expect to happen to the yield spread under the following circumstances? An energy shock doubles the price of crude oil.
Why did higher interest rates fail to slow down the economy in 1977-8, but cause recessions in 1980 and 1981?
In 1979, Fed Chairman G. William Miller boosted the growth in the money supply in order to keep the economy. What was Miller's principal mistake?
Why would the Fed choose to keep the funds rate away from equilibrium for extended periods of time?
Use the IS/LM diagram to show what would happen to real output and interest rates when the following policy changes are implemented.
What measures of income poverty are favored by development economists? How do income poverty measures differ from the UNDP's Multidimensional poverty index?
Which country was able to stop privatization and how did they do it? From this film whose interest do you think the World Bank and the IMF represent?
Discuss the advantages and disadvantages of maintaining multiple manufacturing sites as a hedge against exchange rate exposure.
Will she fully, under, or over-insure against this risk, and why? What is her optimal bundle of contingent claims?
Suppose you are a supply-side economist who is an advisor to the president. If the economy is in recession, what would your fiscal policy prescription be?
Draw demand and supply curve for labor. Identify the efficiency wage. Then show graphically how efficiency wage contributes to the structural unemployment.
What are the range of policies that are available to businesses to increase sales when incomes are falling. Consider which is most likely to be successful.
In 2001 and 2002, political opinion was bitterly divided. How would you prove the Republican case if you were a lobbyist for General Motors?
Calculate the value added at each stage of production. Calculate total GDP by components. Calculate total gross national income for each factor payment.
Shortly thereafter the economy entered an extended period of expansion. Was that the correct fiscal program to undertake?
Why the BEA measure of personal saving dropped so much during the 1990s, when many homeowners refinanced their mortgages at lower rates.
What happens to GDP, wages and salaries, personal income, personal saving, and national saving?
What are the most common kinds of transfer payments at the Federal level? At the state and local level?
Last year, assume that McDonald's had a profit of $1.2 billion, of which $0.8 billion was. If US GDP was $10,200 billion, calculate GNP based on the above data.
Why are interest payments by the government considered part of personal income but not part of national income?
Show how components of consumption and investment are affected if Joe Pays cash, Pays cash but has a $10,000 trade-in and Pays over time, 48 monthly payments.
What are some of the major types of transactions included in the underground economy but not in GDP or NI?
A year later, the interest rate drops to 7% and her monthly payment falls to $1,800. What happens to GDP, NI, PI, C, and SP?