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Draw one IS/LM diagram which depicts the initial equilibrium of the Euro-economy before this intervention and the new equilibrium after this intervention. In brief describe words why the initial equ
Describe the Keynesian theory of output determination. What do you understand by hyper inflation?
What do you understand by business forecasting? Describe its importance and limitation. What do you understand by zero base budgeting? Explain its essential features. How it differs from traditional b
Compute the first draft budgeted break-even point.
What do you understand by a business budget? Describe the objectives and nature of a budget.
Grain is one of the main dry-bulk trades, controlled by Global Traders. Consider the supply and demand of tonnage and ports accessible to serve this market.
Employees are paid a bonus equivalent to half of time saved. This is in addition to their attendance pay.
The following questions could be used as guidelines for your research paper:The cash-for-clunkers program: objectives and results. Did the car companies ripped the benefits of the program?
Critically discuss the strengths and weaknesses of using per capita national income (even once adjusted for purchasing power parity) as a measure of welfare.
Describe the sources of the recent housing price “bubble”? Provide a chart if necessary?
construct the period-t budget constraint of the consumer, and provide a ONE-SENTENCE economic comparison of this budget constraint to that in our study of stock-market pricing.
Based on the given Lagrangian, compute the representative consumer’s first-order conditions with respect to consumption and with respect to labor. Clearly present the important steps and logic
Set up a lifetime Lagrangian formulation for the representative consumer’s lifetime utility maximization problem. Define any new notation you introduce.
Assume that the U.S. income level rises at a much higher rate than does the Canadian income level. Other things being equal, how should this affect the (a) U.S. demand for Canadian dollars, (b) supply
Which of the following will be classed as the expansionary fiscal policy? An increase in the money supply, A reduction in the number of goods exempted from VAT, An increase in government taxation, An
If 2000 is the base year for real GDP calculations, we know for certain that nominal GDP is less than real GDP in 2000, is greater than real GDP in 2000, equals real GDP in 2000, in 1999 will be grea
What is GDP? Discuss the two ways in which it is measured, and why the two ways must come to the same result. Taking the most common measure, what are its components (i.e. what is GDP composed of)?
According to Marx, capitalism was doomed. Explain why. Why does capitalism still exist?
What is meant by the term steady state in the Solow model? Describe how Golden Rule is distinct from steady state.
Describe the concept of steady state growth in the Solow model with suitable diagram. Show that the golden rule of Phelps is not a steady state.
Under what conditions does an economy realize steady state? In the neo-classical growth model describe how Golden Rule is distinct from steady state.
Graph the two-period budget constraint for consumption. What is the slope? Is this tax distortionary?
Determine the optimal level of investment for a household when i = 10%, and there is no depreciation. Is the economy at an optimal level of investment in period 1? Would an introduction of an invest
In the absence of monetary policy and the exchange rate as stabilization instruments and given the monetary policy stance of the monetary union, briefly discuss the feasibility of using fiscal polic
Discuss a typical firm’s preferred market structure and pricing policy for maximizing its economic profit potential.