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there are only two consumers ann and bob and only two goods the quantities of which are denoted by x and y ann owns the
how can fiscal policy be used to get the economy out of the situation where the economy is in an expansionary period
alice has convex preferences over consumption bundles containing goods x and y where x y is the consumption bundle
1 all of the following are consequences of an economy operating above its potential level excepta high rates of
1 each of the following is a transmission channel of monetary policy excepta the balance-sheet channel b the tax-impact
suppose the fed has a current federal funds rate target of 3 but wishes to achieve a new target of 2 this requires an
imagine the economy is slipping into a recession what would a keynesian advocate and why compare this approach to
why in a model with no production but two periods does an increase in current taxes without a concurrent change in
explain ldquofree-trade zones such as the eu and nafta lead a double life they can promote free trade among members but
according to the monetary policy the federal reserve a sticks to its inflation target and pays little attention to the
what measures do governments take to promote exports and restrict imports who benefits and who loses from protectionist
quantitatively how important is international trade to the united states relative to its importance to other nations
employees in a factory arrive at the tool crib at an average rate of one employee every five minutes there are two tool
1 in a market best described as a price taker market with low entry barriersan increase in consumer demand will lead to
1 explain how open market operations affect the money supply interest rates investment and gdp2 if output is abovebelow
1 when barriers to foreign trade are reduced and firms are able to sell in many different markets firms are likely to
what are the political and economic arguments for the governmentrsquos intervention while entering into the
what is foreign direct investment describe taking into consideration any two countries the benefits and costs of fdi to
1 in a price taker markets imposition of price ceiling of 1 below the equilibrium price of 2 will cause producers to
what does john keynes mean by this quote from his general theory the ideas of economists and political philosophers
explain david ricardos theory of rent and thomas robert malthus theory of population why did their contemporaries call
1 the inflation over four consecutive quarter is f11 f205 f3-05 f41 what is the inflation for the entire year2 why the
1 wage contracts are associated witha a price level that is inflexible upward b a price level that is inflexible
adam smith was a product of the scottish enlightenment why is this important summarize his political-economic vision