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Illustrate what possible macroeconomic arguments might President Obama use to defend his $787 billion fiscal stimulus package as a part of his economic recovery plans.
the grounds which the spending was too large under government financing to balance the growing budget deficit also debt which might threaten future stability of the country.
Elucidate why do you think the critics were so concerned which this stimulus package might be bad economic policy, not just for the US, but for the world economy.
The peak occurred in which yr. The trough occurred in which yr. Explain how long was the expansion. Explain how long was the contraction.
Elucidate why the value of intermediate goods produced also sold during the yr are not included separately as part of GDP, but intermediate goods produced also not sold are included separately as pa
Use the data below to find out the growth of income per person (over the entire period, not an annual basis) between the two yrs listed.
Elucidate why the short-run aggregate supply curve is not vertical, but the long-run aggregate supply curve is vertical.
In the national income accounting identity explain how the equality between national saving also investment, Illustrate what is the representation of private saving
Nancy buys a house in 2000. He obtains a fixed 10% mortgage interest rate also makes payments of $1,000 per month.
Elucidate why do wage increases along with increases of other input prices impact the short-run aggregate supply but not the long-run aggregate supply, unless they reflect permanent reductions in th
Suppose the economy is initially in the long-run equilibrium. Graphically illustrate the short-run effects of an increase in wages. Illustrate what happens to the price level also level of real GDP.
Explain how the economy returns to long-run equilibrium, with no government intervention. Consider an economy where economists have estimated which last yr's real GDP was $800 billion, equal to pot
ccording the to monetary misperceptions theory illustrate what should have happened to output if the inflation rate fell relative to Illustrate what people expected.
Compute average propensity to consume also marginal propensity to consume. Illustrate what is the marginal propensity to consume also elucidate why is always less than one.
Suppose which a scientific breakthrough leads to the discovery of a new cheap source of energy. Illustrate what would be the effect of this invention in the short-run also in the long-run.
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.