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Elucidate what effect a contraction fiscal policy would have on the price level also real GDP starting from full employment equilibrium.
Suppose government spending increases in a closed economy. Circumstances is expansionary fiscal policy more likely to lead to a short-run increase in investment
Elucidate why tax revenue changes whenever the economy goes into a recession. Elucidate why government spending changes whenever the economy goes into a recession.
An increase in transfer payments, combined with a decrease in government purchases, would. Health care which they would otherwise have spent on road construction
Illustrate what distinguishes money from other assets in the economy. Illustrate what are demand deposits also elucidate why should they be included in the stock of money.
Illustrate what is the difference between a medium of exchange also a store of value. Illustrate what is the difference between commodity money also fiat money.
Illustrate what are the two problems facing the Bank of Canada in trying to control the money supply precisely.
Suppose which the Bank of Canada sells 100 million pounds sterling from its foreign exchange reserves also which the exchange rate.
If people hold equal amounts of currency also demand deposits also the banks maintain 100 percent reserves, Illustrate what is the quantity of money.
Illustrate what money supply should the Bank of Canada set next yr if it wants to keep the price level stable. Illustrate what money supply should the Bank of Canada set next yr if it wants inflation
Elucidate how every of the following developments would affect the supply of money, the demand for money also the interest rate.
Discussion on absolute advantage also comparative advantage. Elucidate how absolute advantage also comparative advantage differ.
Two countries can achieve gains from trade even if one of the countries has an absolute advantage in the production of all goods.
Suppose which the United States offers to buy 10 million cars from Canada in exchange for 20 tonnes of wheat per car.
Illustrate what is the relationship between a country's trade deficits, its government budget deficit also it private sector deficit.
Suppose which there are 10 million workers in Canada also South Korea also every worker in Canada also South Korea can produce 4 cars per yr.
Illustrate what is the current account balance. Illustrate what is the capital account balance. Illustrate what is the official settlements balance.
Discussion on affect the relative value of the dollar also the euro. Elucidate how every of the following will affect the relative values of the dollar also the euro:
Illustrate what is the exchange rate in terms of dollars per Euro. Illustrate what is the price in dollars of a i-phone selling for 250 Euros.
If many Canadian also American businesses acted like you also if the exchange rate was flexible, illustrate what would happen to the value of the exchange rate.
Suppose which a perfectly equal distribution of income existed in Disney land. Which of the current residents would have the same income he or she has in the present distribution.
A tariff is simply a tax on imports. Use our model of excise tax (with diagram) to elucidate why domestic industries request which tariffs be imposed. Who gains also woo loses due to tariff.
Compute the tracking signal for every of the forecasts in part (a) also (b). Is there any evidence of bias. Might a different model provide better results.
Explain how did low interest rates combined with increased government spending on defence also home land security alter the US economic outlook.
Elucidate why is accurate measurement of growth also fluctuations essential for making economic decisions. Illustrate what will happen if there are inaccuracies in measurement of production, income