Problem
1. How far ahead do people typically look in making market decisions? Provide examples of different forms of market behaviour in this regard.
2. Provide examples of the three types of capital goods distinguished by Brunner and Meltzer in formulating their version of the monetarist transmission mechanism.
3. How useful is it in a Mundell-Fleming model to assume perfectly mobile international capital flows? What happens in the diagram with differently sloped BP curves?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.