Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Which product groups had the largest increases in exports? Which had the largest increases in imports?
Controlled experiments in economics: On April 7, 2000. How would you devise a study to assess the impact of this change in the law?
What level of excess reserves does the bank now have? Why does your answer differ (yes, it does!) from the answer to question 9?
What are the major strengths of monetary policy? Why is monetary policy easier to conduct than fiscal policy in a highly divided national political environment?
What change in the Federal funds rate would you recommend? How would your recommended change get accomplished?
Acording to the Taylor rule, in what direction and by how much should the Fed change the real Federal funds rate?
Are these rates higher or lower than they were 3 years ago? Have they increased, decreased, or remained constant over the past year?
Summarize the policy actions of the Board of Governors during the most recent period. In the Fed's opinion, how did the U.S. economy perform?
What is my future value worth today? That will get you to the present value calculator.) Why the large difference in present values in the two situations?
Use the concept of the short-run Phillips Curve to explain why these policies might at first succeed.
What is the Laffer Curve, and how does it relate to supply-side economics? Why is determining economy's location on curve so important in assessing tax policy?
By how much does real GDP change? Are the decreases in real GDP caused by tax increases temporary or permanent? Does the intention of a tax increase matter?
By how much will nominal GDP have to fall to restore equilibrium, according to the monetarist perspective?
State and explain the basic equation of monetarism. What is the major cause of macroeconomic instability, as viewed by monetarists?
Explain how an upsloping aggregate supply curve weakens the realized multiplier effect.
Next, go to the Bureau of Economic Analysis Web site, and use the interactive feature. By what percentage is real GDP higher or lower than it was 5 years ago?
By what percentage did real GDP decline over this period? Which of the four broad components of aggregate demand decreased by the largest percentage amount?
How would you show this decrease in the aggregate expenditures model? What would be the outcome for real GDP?
What is the role of the Council of Economic Advisers as it relates to fiscal policy? Determine the names and educational backgrounds of present members of CEA.
What are government's fiscal policy options for ending severe demand-pull inflation? How does the ratchet effect affect anti-inflationary fiscal policy?
Explain why such an amendment would force the government to enact a contractionary fiscal policy whenever the economy experienced a severe recession.
Why might economists be quite concerned if the annual interest payments on the debt sharply increased as a percentage of GDP?
What are the three basic functions of money? Describe how rapid inflation can undermine money's ability to perform each of the three functions.
How does the purchasing power of money relate to the price level? Who in the United States is responsible for maintaining money's purchasing power?
Suppose the price level and value of dollar in year 1 are 1 and $1, respectively. If price level rises to 1.25 in year 2, what is the new value of the dollar?