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What happened to the unemployment rates and GDP levels in these nations in 2011?
How much does the government collect in net taxes when the economy is in equilibrium? What is the government's budget deficit or surplus?
What is the impact on the money supply of using the fiscal surplus to buy back bonds?
What is the potential impact on the money supply? Suppose the central bank decided that the money supply should not be increased.
How large a change in the money supply would have resulted from the change in the reserve requirement?
Why is M2 sometimes a more stable measure of money than M1? Explain in your own words using the definitions of M1 and M2.
In addition, some portion of the new reserves ends up in people's pockets and mattresses instead of bank vaults.
This is hard to explain because the law of demand says that higher prices should lead to lower demand. Do you agree or disagree? Explain your answer.
Critics argue that because the subsidy is a payment to farmers, it will reduce costs and lead to lower prices. Which argument is correct? Explain.
Explain briefly using supply and demand curves to illustrate. Some argue that scalpers work to the advantage of everyone and are efficient.
Explain what determinants of household demand contributed to the decision by GM to significantly reduce production of its large trucks and SUVs.
In the winter, which is the peak season for coats, the price of coats is typically higher than it is in the summer.
Illustrate supply- and demand-side strategies using supply and demand curves. Which results in higher rents?
What measures were being proposed by the Presidential candidates in the election of 2008 to prevent or end a recession in 2008-2009?
Many of the expansionary periods during the twentieth century occurred during wars. Why do you think this is true?
Explain briefly how macroeconomics is different from microeconomics. How can macroeconomists use microeconomic theory to guide them in their work?
What is measured along the labor supply curve? What factors determine the quantity of labor supplied by households during a given period?
How the reduction in supply from reduced fishing waters either increase or decrease consumer surplus and producer surplus, and show these changes graphically.
What are the reasons? Similarly, if it is higher than $4, what has happened to drive up the price? Illustrate with supply and demand curves.
What is the equilibrium price and equilibrium quantity? Calculate consumer surplus and producer surplus, and identify these on the graph.
Explain why the length and severity of the Great Depression necessitated a fundamental rethinking of the operations of the macroeconomy.
What portion of GDP did housing construction represent? After 2006, residential fixed investment was declining sharply, yet GDP was growing until end of 2007.
Jeannine, a successful real estate agent in San Francisco occasionally. What part, if any, of this transaction will be included as a part of U.S. GDP in 2011?
Connor and Marie are in a relationship with one another, a relationship punctuated. Explain how Marie has fallen victim to the sunk cost bias.
Calculate the total marginal benefit, MBT. How much benefit do Dash and Lilly enjoy at the optimal level of mosquito abatement?