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1 travel on a train between paris and madrid and the view from the window changes- uctuating between green land and a
1 in a recession share prices tend to be low and companies can be bought at low prices and workers hired for low wages
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suppose c 100 07 y g 50 i 120in a closed economy y c i ga what is the equilibrium level of y b what
1 consider an individual who is planning his consumption over ve periods during which he expects his income to be 4 10
1 in practice the mpc out of current income is very high-is this necessarily inconsis- tent with the forward-looking
1 draw indifference curves for a patient consumer compared to an individual with a need for instant gratication2 what
1 the central bank of arcadia has an ination target of 2 and forecasts real gdp growth of 25 with no change in the
1 main street bank sets its loans on the basis of a 5 reserve requirement and has 100 million cash in its vaults2 what
suppose a new drug can cure cancer it costs a few cents to make the pill and one pill can stop a malignant growth with
a government is running a balanced budget an election is approaching and the gov- ernment decides on a one-time
suppose you had information on the impact of spending on public education on the productivity of the labor force you
suppose the average value that a person in a certain city places on having 1000 extra police ofcers out on the streets
1 because future generations are likely to enjoy higher real incomes than the current generation shouldnt we aim to run
1 should governments force people to be in school why or why not2 resource allocation will be less distorted if taxes
1 what are the limits and constraints to establishing global institutions and regulations what does this imply about
imagine thatgdp 02 x financial sector reform 04 x capital stock - 005 openness but thatfinancial sector reform 2 x
a small industrialized country initially has no trading links with a large but closed cen- trally-planned economy that
1 does popular resentment against free trade simply reect economic illiteracy or more deep-seated political issues2