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Assuming that this is true, what was the spending multiplier for the Cash for Clunkers program?
From Deficits to Surpluses to Deficits What effect did the financial crisis of 2008 have on the federal budget deficit?
Suppose that fiscal policy changes output faster than it changes the price level. How might such timing play a role in the theory of political business cycles?
Provide examples of automatic stabilizers. What is the impact of automatic stabilizers on disposable income as the economy moves through the business cycle?
Crowding Out Is it possible for U.S. federal budget deficits to crowd. How could German or British investment be hurt by large U.S. budget deficits?
What problems would you expect if the country were to employ this kind of budgetary philosophy?
Given the cyclical nature of government tax revenues and spending, how would the resulting budget deficit or surplus vary over the business cycle?
Explain the differences among an annually balanced budget, a cyclically balanced budget, and functional finance. How does each affect economic fluctuations?
The Federal Budget Process In what sense is the executive branch of the U.S. government always dealing with three budgets?
The Federal Budget Process The federal budget passed by Congress and signed by the president. Why does the budget require a forecast of the economy?
Spending Multiplier If the MPC is 0.8, the MPM is 0.1, and the proportional income tax rate is 0.2, what is the value of the spending multiplier?
What is the size of the government deficit (or surplus) at this output level? What is the size of net exports at the level of real GDP demanded?
Crowding Out How might federal deficits crowd out private domestic investment? How could this crowding out affect future living standards?
Read the article Will Productivity Pull Us Out? Traditionally, why do Canada and Europe experience slower productivity growth after a recession than does U.S.?
Shifts in the PPF Terrorist attacks foster instability and may affect productivity over the short. Explain your response and show any movements in the PPF.
How do you think you might measure the net impact of technological change on overall employment and GDP in the United States?
How much each will be producing per hour 100 years later. What do your results tell you about the effects of small differences in productivity growth rates?
With consumption goods on one axis and capital goods on the other, show how the combination of goods selected this period affects the PPF in the next period.
How would you explain the finding that people in high-income economies seem happier than people in low-income economies, but, over generations.
Regardless of the level of labor productivity, what impact does slow growth in labor productivity have on the economy's standard of living?
Explain how technological change can lead to unemployment in certain industries. How can it increase employment?
How does output per capita in the United States compare with output per capita in other major industrial economies? How has this comparison changed over time?
How has increased use of computers affected U.S. productivity in recent years? Is the contribution of computers expected to increase or decrease in near future?
Rules of the Game How do rules of the game affect productivity and growth? What types of rules should a government set to encourage growth?
Basic and Applied Research What is the difference between basic research and applied research?