Primary measure of economic performance
Problem: Is the state of the USA designed to replace the GDP with a primary measure of economic performance?
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Problem 1: Suppose you are in charge of U.S. fiscal policy and the economy is in recession. What would you do? Problem 2: Assume the economy is booming and in danger of "overheating." What would you do?
The financial crisis of 2008 caused macroeconomists to rethink monetary and fiscal policies. Economists, financial experts, and government policy makers are victims of what former Fed chairman Alan Greenspan called a "once in a century credit tsun
Is the country's foreign exchange overvalued or undervalued? Has the central bank intervened in the foreign exchange market on behalf of the country's currency valuation?
Two important policy goals of the government and the Fed are to keep unemployment and inflation low, while at the same time making sure that GDP is increasing at an average of 3% per year. It is important to have the right mix of policies and that
Task: Identify the four major tools of monetary policy. Then describe how changes in the Fed's major policy tools leads to: 1. Expansionary monetary policies 2. Restrictive or contradictory monetary policies.
Do protectionist policies benefit producers, consumers, workers, or the government? Explain. Also please explain how the "Buy American" theme hurts Americans.
Go to the Bureau of Economic Analysis at() and look up the latest new release for real GDP. Address the following questions after reading the latest release: Where is the United States in the business cycle? What is the real GDP today? What is the
What is happening to the value of the U.S. dollar these days? What causes the value of the U.S. dollar to rise or fall? Who demands U.S. dollar? Who supplies U.S. dollar?
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