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"An increase in transfers (TR) will not affect the level of real GDP or the real money supply in a fully employed economy."
Determine the equilibrium levels of output and employment in this private closed economy. What are the sizes of the MPC and MPS?
"Unemployment can be caused by a decrease of aggregate demand or a decrease of aggregate supply". In each case, specify the price-level outcomes.
Suppose the United States increases the tariff on automobiles imported from Germany. What is the effect of this tariff-rate increase on:
Describe the relationship between each of the variables based on the experience of the U.S. economy over the past 30 years. (a) GDP and unemployment rate
Why is frictional unemployment important to have in any economy? Explain why hyperinflation has such a devastating impact on economies.
Will the increase in government spending increase employment and aggregate output in the short-run? Why?
Q1. Why are there more women in the workforce now than previous decades?
Question: Explain how labor market equilibrium is affected by the supply and demand of labor.
Calculate the level of savings before and after the shift in consumption and, therefore, the savings function. How do you explain this result?
You are asked to propose a strategy to bring the economy out of recession.
What is a government budget deficit? How does a federal budget deficit affect the economy?
Then, assume that total fixed cost equals $3,000,000, and recalculate values of the 4 variables listed above. For both cases, calculate firm's profit-loss.
Inflation can be caused by cost-push or demand-pull factors. Where does each type of inflation originate and what are some examples?
According to the quantity theory of money, an excessive increase in the money supply will result in_______________
What would have been the likely outcome had the government not intervened to help with key economic issues of the companies
Question: Describe the effects of international factor movements.
Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than the "full employment"
Use the following data for a firm's output at various levels of employment (L) to calculate: a) Its marginal physical product of labor (MPPL) schedule;
Explain how tax credit to a business would help to stimulate the economy?
List three factors that can change the economy's potential output. What is the impact of shifts of the aggregate demand curve on potential output?
Using a spreadsheet or handheld calculator, calculate the 10-year growth rate forecast using the constant growth model with annual compounding
Explain the differences between the long run and short run aggregate supply curves and explain how an expasionary gap occurs.
Question: Please describe the Floating Exchange rate and how it affects the economy relative to 1973.
What is the accounting cost function for this business (ignoring parts)?