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What was the role of the national debt in the early period of U.S. history? What was Hamilton's vision for the U.S national debt?
Do you think that we can reduce deficits while also avoiding an increase in tax rates? Why would political leaders consider tax hikes?
What is the difference between austerity and stimulus? Which tack does the European Union follow?
Has the U.S. federal government ever had a budget surplus? When was the last time? Was there ever a time that the government was not in debt?
Write a one-page paper about the equipment used to accomplish their construction. Hoover Dam Panama Canal Interstate highway program.
What is the meaning of moral hazard? Give some examples of moral hazard, as discussed in the text, or others that you can think of.
The chapter identifies a series of contributing factors in its exploration. Identify the major factors and state which you think were most important.
Select various states to get a better understanding of how the housing market in the U.S. has evolved over the past twenty years.
What is the purpose of the Dodd-Frank bill? What are its main provisions? Has it been favorably received?
Draw and carefully label an AS/AD diagram that illustrates this case. Label the point representing the state of this economy E0.
What sort of tax policy might a government enact to try to counteract an excessive upswing in investor confidence?
What underlying dynamic did Keynes believe is behind the business cycle? Illustrate with an ASIAD graph.
Which do you think gives a better description of economic realities: classical or Keynesian macroeconomic theory? Explain.
Stagflation-a combination of unemployment. What factors led to improving economic conditions in the later 1980s and the 1990s?
Under what circumstances can aggregate demand be increased without leading to problems with inflation?
Describe in words how the AS curve differs from the AD curve. What does each represent? What explains their slopes?
Illustrate in a carefully labeled supply-and demand diagram how this would affect foreign exchange market and exchange rate expressed in term of yen per dollar.
Singapore is a natural-resource-poor country that has built its economy on the basis of massive imports. But how can a country export more than its GDP?
How and why is an imbalance (surplus or deficit) in the current account related to an imbalance in the capital account?
Briefly describe the recent history of United States and world trade, and list the major U.S. trading partners.
Savings, imports, and taxes are all considered leakages from aggregate demand. How are their levels related to equilibrium GDP, income, and employment?
What will be the likely effect of increased imports on U.S. GDP? Do imported goods undercut employment in the United States?
From the description of the Fed and the earlier discussion of money, can you name some things that private banks. What were some of the problems that resulted?
Is the Federal Reserve truly an independent bank or is it part of the government? What are its principal functions?
What is the Federal Reserve System? What event or events caused it to be created? Where are its banks found?