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After these changes, has Ina's budget line become steeper, less steep, or equally as steep compared to before?
Whats the difference between the statement "the money supply is fixed" and the statement "the money supply is exogenous"?
Carefully explain the effect on short-term and long-term interest rates, and why those effects are different.
Make an educated guess as to what you expect to happen to short-term interest rates and long-term interest rates during the next year.
Has the dollar appreciated or depreciated in value relative to the pound?
Identify the most important economic indicator affecting my organization and explain why.
What is the final impact of contractionary fiscal policy on the price-level and real output?
State the final impact of cost-push inflation on the price-level and real output.
Is there a unique rate of inflation that corresponds to long-run equilibrium? What determines the rate of inflation when the economy is at long-run equilibrium?
Analyse the possible causes of inflation. what policy or policies may be necessary to ensure the rate of inflation is low.
How do the CPI and the GDP deflator differ? Why do economists believe that the CPI overstates the rate of inflation? Is this an important problem?
Suppose that you are the chief economic adviser to the President of the U.S. You are asked to propose a strategy to bring the economy out of recession.
Prepare a response analyzing the relationship among inflation, unemployment, and the business cycle in the airline industry.
Different effects on the magnitude and duration of unemployment in these two economies?
Which single type of product has the greatest impact on you personally and how does that product's inflation rate compare to the overall average?
Explain how the circular flow diagram illustrates the interaction of households, government, and business.
Compute the inflation rate for each year 1989-2006 and determine which were years of inflation.
What does this imply about the effectiveness of monetary and fiscal policy to reduce the unemployment rate?
Problem 1. What is the formal definition of economics? Problem 2. What is a consideration of economics? What is not?
Draw an AS/AD diagram illustrating your answer to the statement below.
Question: If the CPI was 110 last year and is 121 this year what is this year's rate of inflation?
What would be a monetary policy prescription to reduce or eliminate deflation? How would deflation affect your business?
The main objective of this exercise is to get you thinking about the two-edged nature of many economic phenomena so as to present a "balanced" perspective .
Calculate natural real GDP for years 1-5. Calculate actual real GDP for years 1-5
If the labor force grew by 1.5% per year, what rate of increase in RGDP would be sustainable without increasing inflation pressures?