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New Zealand rewrote the charter of its central bank in the early 1990s to make low inflation its only goal. Why would New Zealand want to do this?
Suppose the government amends the constitution to prevent government officials from negotiating with terrorists. What are the advantages of such a policy?
Find the current nominal interest rate on Treasury securities with five-year maturity. Now find current interest rate on inflation indexed Treasury securities.
How might policy changes in (a) through (d) affect the wage gap between low-skill and high-skill workers in the United States?
What was the purpose of this symbolic gesture? How can the Fed's decision to use expansionary monetary policy in the future affect the short-run response?
How effective coal regulator would be to avoid monopoly situation in coal industry in case pricing is kept out of its remit?
What steps have been taken by government to overhaul coal sector? How is price decided in coal industry where there is situation of near monopoly?
How are the conclusions of MMT imiportant for macroeconomic policy in an open economy?
How would you describe the macroeconomic worldview of David Ricardo, Karl Marx, and John Stuart Mill?
If the world oil price increases significantly, other things equal, what would be the effect on Latin America GDP? Why?
GDP (or GDP per capita) is a common measure for a country's standard of living. Discuss the shortcomings of using GDP in this way.
Find the new price after the cut off. What would happen if the US government imposes a price ceiling on gas at $3 per gallon.
How would the shift to a fully funded system affect the level and the rate of growth of output per worker in the long run?
In what sense is money neutral? How is monetary policy useful if money is neutral? Why then is monetary policy considered neutral but fiscal policy is not?
Why is the amount of R&D spending important for growth? How do the appropriability and fertility of research affect the amount of R&D spending?
The 2001 recession ended in November 2001. What evidence do these graphs provide concerning the lingering perception of a recession?
Choose one microeconomic concept applied in your final project. Explain your findings and the implications to your chosen firm's sustainability.
How will the increase in unemployment benefits affect output and the price level in the short run and in the medium run?
What happens to output, the interest rate, and the price level in the medium run? What happens to consumption and investment in the medium run?
What is the value added at each stage of production? Using the value-added approach, what is GDP? What are the total wages and profits earned?
Okun's law stated that when output growth is higher than usual, the unemployment rate tends to fall. Explain why usual output growth is positive.
In percentage terms, how much of a quality increase does the new method represent over the old method?
By how much does measured GDP increase? Do you think the increase in measured GDP accurately reflects the effect on output of your decision to work? Explain.
Assume that the potato chip industry in the Northwest in 2011 was competitively structured. Compare the perfectly competitive outcome with the monopoly outcome.
What are the latest monthly data on the size of the U.S. civilian labor force, on the number of unemployed, and on the unemployment rate?