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Draw new short-run aggregate supply curve in graph if there is price shock such that. Calculate inflation when output is $8, $10, and $12 trillion respectively.
Considering that the U.S. labor market is more flexible than European labor markets, would you expect the same increase in unemployment in the three countries?
Show graphically how use of Internet by job searchers and employers affects long run aggregate supply.
Describe the effect on the interest rate if the Federal Reserve decides to increase the money supply at the same time that aggregate output increases.
What is the implication of a one-to-one change between nominal interest rates and inflation for the slope of the monetary policy curve?
Describe the two primary objectives of macroeconomic stabilization policy. Should policy makers strive to achieve zero rates of unemployment and inflation? Why?
What is the equilibrium real interest rate? How does it influence the interest rate decisions of Federal Reserve policy makers?
Describe the five time lags involved in implementing stabilization policy. How does the Taylor rule relate to the monetary policy curve?
Explain the processes of cost-push and demand-pull inflation. How do macroeconomists distinguish between the two?
Do you think that this constitutes hierarchical or dual mandate for conduct of monetary policy? Is this mandate consistent with positive inflation rate target?
Which was the main concern for Japanese policy makers by April 2010? Why is deflation inconsistent with price stability?
What would be the effect on the real interest rate, inflation rate, and output level if the Federal Reserve decides to stabilize the inflation rate?
Based on the aggregate demand and supply analysis, do you think that a more or less efficient economy is an important issue in this debate?
Assuming these gains are relatively small for the average individual, how do you think this conclusion would affect the activist/ nonactivist debate?
Why was the Fed's decision to keep its target unchanged consistent with the Taylor rule? Why, or why not?
What are business cycles? What are the four parts of a business cycle? Distinguish between procyclical and countercyclical economic variables.
What were the Great Inflation and the Great Moderation? How do macroeconomists distinguish between flexible and sticky prices and wages?
How do Keynesian views on macroeconomic fluctuations differ from those of classical macroeconomists? How quickly the economy adjusts to long-run equilibrium?
Identify the peak and trough during this period. Comment on the timing of the inflation rate and the stock prices index.
Write down and explain the steps involved in the scientific method. Based on your answer, develop a model or theory of demand for Pizza.
Analyzing the macroeconomic status of a country examines the behaviors within a whole economy.
Michael Kremer's research suggests that higher population might stimulate technological progress. How can higher population stimulate technological change?
Comment on the effect this had on the perperson output growth rate, according to the Romer model.
Xalculate the Change in technology , if x = 0.0005 and At = 20 and The growth rate of technology.
Determine the enforcement and design of property rights, or is it the other way around, with causality running from the design of property rights to corruption?