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Problem 1. What is the formal definition of economics? Problem 2. What is a consideration of economics? What is not?
Question: If the CPI was 110 last year and is 121 this year what is this year's rate of inflation?
What would be a monetary policy prescription to reduce or eliminate deflation? How would deflation affect your business?
The main objective of this exercise is to get you thinking about the two-edged nature of many economic phenomena so as to present a "balanced" perspective .
Calculate natural real GDP for years 1-5. Calculate actual real GDP for years 1-5
If the labor force grew by 1.5% per year, what rate of increase in RGDP would be sustainable without increasing inflation pressures?
Compute the appreciation or depreciation of the U.S. dollar relative to the Japanese yen.
Examine the exchange rate of the U.S. dollar to the Japanese yen in January 2005 versus January 2006.
Define & describe the current status of Real GDP, unemployment rate, inflation rate as measured by CPI, auto sales.
Prepare a 700 word paper in which you define the following terms: a. Gross Domestic Product (GDP) b. Real GDP c. Unemployment rate d. Inflation rate
Can you help me understand the likely effects of increasing productivity on equilibrium GDP?
Question: Why is strong home currency mitigate the growth of inflation rate locally?
Thus the accounting procedures used for Social Security play an important role in how big the government's budget deficit actually is.
What are government's fiscal policy options for ending severe demand-pull inflation?
Explain as carefully as you can why borrowers would be willing to pay a higher interest rate if they expected the inflation rate to increase in the future.
Referring to indicators of performance, particularly indicators of improving or decreasing levels of performance used by Walmart.
What average annual inflation rate would have resulted in this answer? (Show your work).
What determines the economy's productive capacity or aggregate supply or potential GDP? How does aggregate supply increase when labor supply increases?
If Mexican workers receive a third of the wages that U.S. workers do, why don't all American firms move down to Mexico?
How might you expect output per worker and output per hour to move over the business cycle?
If the output gap is a negative 2 percent, what does Okun's Law tell us will be the level of cyclical unemployment?
What was the unemployment rate for the most recently available month? How has the unemployment rate changed over the past year?
What is the latest figure on the economy's nominal GDP? On real GDP? What was the growth rate of real GDP during the most recently available quarter?
Why are workers in some groups more affected by increased unemployment than those in other groups?
What are the differences among the final goods approach to measuring GDP, the value-added approach, and the income approach?