Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
How can they try to minimize the unemployment cost of disinflation? Is it possible for there to be no cost of disinflation?
How would continuing deflation affect borrowers and lenders throughout the economy as a whole?
What was the merchandise trade balance for Scottopia? What was the balance of payments on financial account?
How would the following transactions be categorized in the U.S. balance of payments accounts? Would they be entered in the current account?
Then count the number of banks that the Federal Reserve has seized so far this year. Have bank failures decreased since the crisis in 2009?
Which bank has the largest domestic assets? What percent of U.S. GDP are the domestic assets of the bank listed in part b? (Hint: You can find U.S. GDP.
President Roosevelt was sworn in on March 4, 1933. What was one of his first official acts in response to the banking crisis?
Why did the GAO conclude that LTCM was able to establish leveraged trading positions of a size that posed systemic risk to the banking system?
From the data, determine the type of policies Japan's policy makers undertook at that time to promote growth.
How many business cycles have occurred since the end of World War II in 1945?
Under the gold standard, if the velocity of money were stable when the economy was expanding, what would have had to happen to keep prices stable?
The economy of Albernia is facing a recessionary gap, and the leader of that nation calls. Explain what policies each economist would recommend and why.
Which of the following policy recommendations are consistent with the classical, Keynesian, monetarist, and Great Moderation consensus views of macroeconomy?
Given inflation and the change in the nominal exchange rate, which nation's goods become more attractive?
how must a government react to an increase in the demand for the nation's goods and services by the rest of world to keep the exchange rate at its fixed value?
If central banks lose the ability to use discretionary monetary policy under fixed exchange rates, why would nations agree to a fixed exchange rate system?
How should the government respond to this news? What are some policy measures that could be used to help neutralize the effect of falling consumer confidence?
Calculate the initial change in aggregate consumer spending as a consequence of this policy measure if the marginal propensity to consume (MPC) in US is 0.5.
In the short run, how will the quantity of aggregate output supplied respond to fall in prices? What will happen when firms and workers renegotiate wages?
What happens to the wealth effect of a change in the aggregate price level as a result of this allocation of assets?
Suppose that the economy is currently at potential output. Also suppose that you are an economic policy maker. How would you rank them and why?
Explain how Wageland will move from one short-run macroeconomic equilibrium to another. Illustrate with a diagram.
Data taken from the Department of Energy indicate that the average price of crude oil. Would an increase in oil prices cause a demand shock or a supply shock?
Illustrate with diagrams. In each case, what are the short-run and long-run effects on the aggregate price level and aggregate output?
What type of fiscal policies would help move the economy back to potential output? How would your recommended fiscal policy shift the aggregate demand curve?