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How does saving relate to investment and thus to economic growth?
What would you have assumed about the responses of other airlines? Would this have been important to your assessment?
Share the costs of cleaning up pollution, or address shortfalls of supplies-end up helping firms to collude in reducing quantity and raising price?
Draw the demand curve the gas station faces, and draw its marginal and average cost curves. Explain the rule for maximizing profit in this situation.
What is inflation, and how does it affect consumers? Is inflation always bad? Describe a situation where inflation is positive?
Assume there is a single firm producing cigarettes, and the marginal cost of producing cigarettes. Why will the price rise by more or by less than the tax?
Inflation, stagflation, recession, depression, expansion, and contraction are commonly used terms in economics and the media.
How are factors such as GDP, unemployment, and inflation relative to a buisness cycle?
What is inflation? What is deflation? What is recession? What are the problems of the current US economy?
In the United States of Albion, expected inflation is 5% and the real interest rate is 2%. (a) What is the nominal interest rate?
Is Guatemala's debt sustainable if the government runs a balanced budget in both a and b.
Question 1. A company dedicated to tabaco has a cost and revenue function of:
Explain how an attempt by the government to lower inflation could cause unemployment to increase in the short-run.
Would you recommend a policy target of 0% unemployment and 0% inflation?
Inflation lowers the standard of living of the poor people because in inflation___________
Calculate the sustainable primary surplus/deficit for each country and identify which countries (if any) have a potential debt crisis on their hands.
How are people worse off when the price level rises as fast as their incomes?
Question: Why do you think the Fed evaluates the money multiplier when making decisions with regard to the money supply?
Question 1. Explain the various types of inflation and its consequences.
Specifically, what would be the effects on employment and unemployment given the actions taken by the Fed?
If the price changes above occurred for all goods across the economy during the four year period, explain how nominal GDP and real GDP would differ.
Question: Why is it important for a country to calculate their GDP and release this information to the public?
Compute compound annual percentage changes in real GDP (economic growth) and compute the shares in real GDP.
How does a change in monetary policy on the part of the Fed impact nominal interest rates, the consumer price index, and inflation rates?
Describe the contrasting views of the Keynesians and the monetarists with regard to an appropriate contractionary policy to bring an economy