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Draw a graph showing how these monetary aggregates have fluctuated over the last five years.
Explain using an appropriate diagram how changes in the money supply may affect interest rates. Outline the role of money in macroeconomic policy.
What monetary measures might a central bank use to control the money supply?
How might changes in short-term interest rates affect the rate of monetary growth in an economy?
Under what conditions will the growth in the money supply have an equal proportionate effect on an economy's price level?
What are the main distinguishing features of the classical, neoclassical and endogen-ous growth models? What does each imply for economic policy?
How might labour markets be made more flexible in your country or state?
What is the case for having an effective national competition policy? What is the economic argument for deregulation?
Why might privatisation improve economic performance? Why both aggregate demand and supply be considered when for-mulating government macroeconomic policy?
Using appropriate diagrams compare and contrast cost-push and demand-pull inflation.
Why did economists tend to become more cautious about the benefits of Keynesian fine-tuning of the economy from the mid-1970s?
What is the relationship between fiscal changes and the multiplier effect? Why does a balanced budget tend to stimulate the economy?
How is the USA able to sustain this position? What problems (if any) does this situation pose for: (i) the USA? (ii) the rest of the world?
A developing country operates a trade deficit because of large imports of capital equipment. Explain how this country might sustain this deficit over time.
What do you understand by the term beggar-my-neigh bour policies in the context of international trade? Provide examples of this practice.
Your country has decided to protect temporarily a major industry that is declining in the face. Discuss the relative merits of using quotas or tariffs.
Some Japanese electronics companies claim that Chinese-produced TVs are destroying Japan's domestic TV. What would be your advice to the Japanese government?
Consider the appropriate macroeconomic policies that the government and its central bank could adopt to reduce inflationary pressures.
What are the policy choices available to governments with respect to the manage-ment of aggregate demand?
Describe in detail the difference between real and nominal GDP. What other information might suggest that an eco-nomy is heading towards a recession?
What do you understand by the terms macroeconomics and microeconomics? What are the main subjects covered in the study of the macro economy?
What role can government play in the macro economy? Distinguish between policy targets, policy instruments and policy goals in government management.
Describe briefly the methods of measuring national income. Why national income accounts systematically underestimate the true value of goods.
The current level of unemployment is historically low at 3 per cent. What advice would you give the government on the policies it should adopt?
Write an essay about Turkey's Currency and the European Union. What is the present outlook for fruition and the potential timetable?