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Calculate the change in output (AY) from the increase in government spending (AG). Why is a balanced budget amendment problematic or undesirable?
Obtain the profit curve, expressed in USD/barrel, based on the cost of the underlying, considering the views of the buyer and the seller.
Calculate the: a) Unemployment rate b) Labour force participation rate c) Employment
Problem: What is official Unemployment rate and that is the formula to come by the official Unemployment rate.
In 2010 USA had 100 people and RGDP was $100. In 2011, USA had 103 people and RGDP was $102. What is the growth rate of RGDP Per person?
buying gold or some other commodity that will increase with inflation. a. Explain what happens immediately to Turkey's M1 money supply.
What are two assumptions that a production function must satisfy? In equilibrium, the marginal product of labor equals and the marginal product of capital equal
Discuss some of the applications of GDP which may be considered improper use or abuse of the concept.
Explain graphically using changes in supply demand how technological progress can help explain the increasing gap in wages between low wage and high wage worker
Can you reconcile these figures with the Harrod-Domar Model? What might be the cause of the economy's poor performance?
Find an estimate of the economy's current state using GDP in 2022 (cite it). What does the data tell you about the US economy?
Problem: Could you please give some examples of what the U.S. government regularly does to fulfill allocation and redistribution functions?
How does the current unemployment rate in Rhode Island compare to the one in New Hampshire? What are the reasons for the difference in the unemployment rates
the news media claimed that we entered a recession in December 2007. Based on the data, is this claim correct per an economic definition of a recession?
Suppose that households in India produce more goods and services at home than households in the U.S. How would this affect any comparisons of GDP
Suppose a firm's average cost curve is described by the equation AC = 2q2 - 16q + 90. At what output level does the marginal cost curve cross average cost curve
go ahead and look for the GDP for each state in the U.S. Pick a State in the U.S. and explain how that state compares in GDP to a country in the world list.
Explain why greater Trade results in productive economies? Draw a PPC, with tools on the horizontal axis. Draw a new PPC, that reflects this new technology.
The central bank sets an interest rate of 5%. What is the equilibrium value of output ? Equilibrium implies an equilibrium in both goods and financial market.
Use the ADAS model to explain the likely short run impacts on U.S. GDP and the aggregate price level. What do you anticipate to happen to U.S. consumption
This is where you describe the facts about the changing (or else not changing) level of development of the country from 1980 to the present using words
Explain why an economy's income must equal its expenditure. Which contributes more to GDP-the production of an economy car or the production of a luxury car?
Why would a country like Country X with a high level of debt be prone to inflation?
Explain why, while it is true that an expected inflation may be better than surprise inflation, it may still be a problem.
What the expected GDP growth for the French & Japanese economy and what is the expectation for the French & Japanese economy for the coming 15 years ?