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1 aggregate supply curve shows the relationship between the price level and the real gdp supplied in an economya under
a country has gdp of 10bn pesos and its government has borrowed 1bn pesos of money domestically and 4bn in us dollars
the republic of argent does 50 of its trade with eurasia and 50 with oceania over the last three years the currency has
1 how should imf interventions differ in the cases of rst- and second-generation cur- rency crises2 capital account
total national income in three countries over a recent and typical 10 year period are shown below
this morning the exchange rate between the united states of albion dollar and the republic of oz dollar was 1501 and
the natural rate of employment depends on the stock of capital which in turn obviously depends on investment
the league of big states lbs has ination expectations of 5 and an estimated natural rate of unemployment of 5 a 2 rise
the community of pacic states cps operates a taylor rule of interest rates 5 a x output gap b x ination - ination
1 why not specify a goal for the monetary authorities that included both a price level and an unemployment target2
1 should something that has such a large impact on the economy as monetary policy be handed over to a central bank
1 if each industry assumes the other one will not invest what is their optimal course of action2 what if they
1 consider the real business cycle model of figure 1411a how does the labor supply curve need to shift for the model to
1 travel on a train between paris and madrid and the view from the window changes- uctuating between green land and a
1 in a recession share prices tend to be low and companies can be bought at low prices and workers hired for low wages
1 why are recessions shorter than expansions2 are recessions a good time for reorganizing and improving the efciency of
suppose that the corporate sector in an economy aims to do enough investing to preserve a ratio of the capital stock to
an all-equity company which has no debt has a stock market value of 540 mil- lion its tangible assets comprise land
suppose companies can deduct interest payments on their debt against their taxable income they pay tax on prots net of
a delivery company can buy a new van for 50000 it can nance the purchase with a bank loan the annual interest rate is
1 should governments give incentives to overseas rms to invest in the economy should incentives be the same for
1 can a country invest too much how might you assess what is too much2 suppose rms extrapolate from recent
suppose c 100 07 y g 50 i 120in a closed economy y c i ga what is the equilibrium level of y b what
1 consider an individual who is planning his consumption over ve periods during which he expects his income to be 4 10
1 in practice the mpc out of current income is very high-is this necessarily inconsis- tent with the forward-looking