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What is the nominal value of seignorage over the year? Suppose that deposits pay a market rate of interest. Who pays the inflation tax and how much do they pay?
What is the maximum amount of seignorage revenue? Draw a graph with real seignorage revenue on the vertical axis and inflation on the horizontal axis.
What is the current debt-GDP ratio? Will the government someday have to run a primary surplus to repay its debts, or can it avoid repayment forever?
Find the largest nominal deficit that the government can run without raising the debt-GDP ratio.
What are the equilibrium values of the real wage, employment, and output? In terms of lost output, what is the distortion cost of this tax?
Find the average tax rate and the marginal tax rate for someone earning $16,000 and for someone earning $30,000.
By how much will this action increase the overall budget deficit and the primary deficit in the year that the transfer is made? In the next year?
Airlines and Stable Fuel Prices. Southwest Airlines made it a company policy to engage in complex. Why would the airline want to have stable fuel prices?
What types of goods and services do you think may not become more flexible because of the Internet?
Do changes in oil prices always hurt the U.S. economy? How the U.S. Economy Has Coped with Oil Price Fluctuations?
How can we determine what factors cause recessions? Two Approaches to Determining the Causes of Recessions?
What does the behavior of prices in consumer markets demonstrate about how quickly prices adjust in the U.S. economy?
What macroeconomic or political factors have caused the changes you observe in the deficit measures?
What is the cyclical behavior of the Federal deficit? Repeat this exercise for the deficits of state and local governments.
How do Federal and state/local governments compare in terms of (a) growth of total spending and taxes over time and (b) the tendency to run deficits?
How would a balancedbudget amendment affect the following, if in the absence of such an amendment the Federal government would run a large deficit?
Discuss the growth rate of nominal GDP and the nominal interest rate. Show that, if the primary deficit is zero, the change in the debt-GDP ratio equals.
Both transfer programs and taxes affect incentives. Explain why this program would adversely affect incentives for low-wage recipients.
Research the Oil/Petroleum industry's price elasticity of supply and demand. - Is price elasticity of demand considered elastic or inelastic?
What recommendations would you make to Congress and the President for the management of fiscal policy in the next few years? Why?
How does the following impact the housing industry? - Shifts and price elasticity of supply and demand
I need assistance with understanding fiscal policy and the concerns on which the US government bases its spending and taxation decisions.
Is our current unemployment rate is above or below "full employment." What fiscal or monetary policies can be used to increase employment
Question: How can fiscal policy be used to correct a recessionary GDP gap? What are some complications?
Question 1: Explain how fiscal policy may possibly affect the short-run aggregate supply curve.