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What would be the advantages and disadvantages to the original European common market countries?
Explain which country you would select, and the principal economic reasons for that choice.
What do you think were the underlying factors that caused real growth to rebound so much more rapidly in Korea than in other east Asian nations.
Explain what happens to the growth rate, the value of the currency assuming it is allowed to float freely and the trade balance
Would you invest in those countries if this agreement is signed? What other information would you require?
Why did the dollar remain strong throughout the recession, and why did it then decline sharply in 2002 even though fiscal policy became more expansive?
What happened to the growth rate, show how the NX and NFI curves must have shifted, and describe the underlying economic developments.
Before World War II started, the German currency, which was then the Reichsmark. What effect do you think that had on the German economy?
What is the economic meaning behind these shifts? In either case, what was the effect on the UK growth rate?
The US economy was in recession in 1974, 1980, 1982, 1991, and 2001. Why do you think net exports continued to decline in those other recession years?
If this trend continues, would you expect further devaluations in the won in future years? If so, what steps would your company take to offset those effects?
Suppose the price elasticity of machinery exports in international markets is 2/3. What effect would that tax credit have on the value of the dollar?
Yet over the next decade their growth rates were only mediocre. What factors kept these countries from replicating the early successes of Asian growth tigers?
Explain how long lags in response to R&D expenditures might have caused the slowdown in productivity growth in the 1980s.
What do you think it was in East Germany? What factors other than capital stock contributed to the lack of growth in East Germany?
However, its growth rate fell far behind the US in the 1990s. What were the major factors contributing to slower growth in Europe during that decade?
Why did it lose first place to Britain in the nineteenth century? Why did Britain lose first place to the US in the twentieth century?
If per capita growth were to average 2% per year indefinitely in the US and 5% per year in Brazil, how many years would it take Brazil to catch up with the US?
What are primary phases of the business cycle? How does inflation affect the economy's level of real output?
In 1998, Japanese real GDP fell 2½% in spite of a sharp decline in interest rates. What factors must have shifted to offset the monetary and fiscal stimulus?
Under what circumstances is the Fed most likely to tighten when the budget deficit increases?
Explain why an increase in the value of the dollar is usually accompanied by faster growth in the money supply in an era of banking deregulation.
In the early 1980s, both US interest rates and value of dollar rose sharply, reducing the current account balance. What factors caused these varying reactions?
Explain the major reasons why an increase in income raises saving more than investment on an ex ante basis.
What factors caused this tradeoff to occur in Britain but not in Continental Europe?