Purpose: Demonstrate knowledge related to the economic and/or political life of your community through active engagement in a community activity/event.

Question: What benefit and or impact does serving jury duty have on a community?

INTERMEDIATE MACROECONOMICS

1. According to the Solow growth model, what would the impact of increased immigration be on total income (total output)? And on income per capita? Answer this question with the help of a graph and also use a detailed explanation below.

US History

Was the federal government effective in the last 25 years of the 19th century? Show what they did right and what they did wrong. The federal government is the government in Washington -- the President, Senate, House of Representatives, and Supreme Court.

What is the narrow free market perspective on business's responsibility to the environment?  

1. Please state whether each of the following statements is TRUE or FALSE, and then explain your choice briefly.

   Please start your answer by writing either TRUE or FALSE. Answers without that clear statement at the beginning, and with excessively long (more than 2-3 short sentences) explanations will be penalized.

   1. Banks can still influence the money supply if they are required to hold all deposits in reserve.

   2. In the months of November and December, people in the U.S. hold a larger part of their money in the form of currency because they intend to shop and travel for the holidays. As a result, other things the same, the money supply increases.

   3. Bank runs are only a concern under a fractional reserve banking system.

   4. The money multiplier is lower when bankers are more cautious and hold excess reserves.

Terms of expectations-price flexibilty - potential sources of business cycle fluctiations.

Compare them in the traditional keynesian,new keynesian and real business cycle models.

what is the effect of food processing sector and retail sector in corona virus to related ASEAN

to related in ASEAN

Razin and Wahba [2011] studies the interaction of immigration and welfare policies in
EU countries and found that the more generous the welfare policies, the lower the skill
composition of immigrants. Why might this occur, and what are the likely
consequences?

Suppose that a representative consumer has the following utility function: U(C,L)=5ln(C)+2ln(L) and she has the budget constraint w(h-L)+pie-T. Derive the consumer's rules for consumption and leisure (solve for consumption and leisure "demand functions" as a function of exogenous variables).

Graph and discuss the income and substitution effects for a consumer if her wages decreased (with labels).

Question 1

(a) Elaborate on the FOUR (4) main functions of money. [16 marks]

(b) Elaborate on the TWO (2) main components of money based on the narrowest definition of money. [14 marks]

Question 2

(a) Explain on the impact of a drop in the discount rate on the supply of money in the market. [15 marks]

(b) Based on your answer above, select an economic problem where that impact would work and explain what happens.

[15 marks]

3. Over the last twenty years, the U.S. economy has experienced its ups and downs, good times and bad times. Using the last twenty years as an example, answer the following questions:

1. Using the last twenty years of economic activity, identify the four stages of the business cycle, citing the periods the U.S. economy went through each stage.

2. Explain how the levels of unemployment, prices, GDP and industrial production changed with each stage of the business cycle. You can use actual data.

3. What were the responses from the Federal Reserve (Monetary Policy) and the Federal Government (Fiscal Policy) over the last twenty years.

How does public policy impact the approach to problem solving?

Consider the following IS-LM model with a banking system:

Consumption:

C = 7 + 0.6Y_D

Investment:

I = 0.205Y − i

Government expenditure:

G = 10

Taxes:

T = 10

Money demand: M^d / P = Y / i

Demand for reserves:

R^d = 0.375D^d

Demand for deposits:

D^d = (1 − 0.2)M^d

Demand for currency:

CU^d = 0.2M^d

This says that consumers hold 20% (c = 0.2) of their money as currency and the required reserve ratio is 37.5% (θ = 0.375). Demand for central bank money (H^d) is the total amount of currency being demanded plus the total demand for reserves. Suppose the price level is P = 1 and that the initial supply of central bank money is $100.

1.Solve for the money multiplier. Explain your work.

2.Solve for equilibrium output and the equilibrium interest rate at the initial supply of central bank money (ie. $100).

3.Suppose that the central bank sells $80 worth of bonds using open market operations. Solve for the new equilibrium output.

4.Solve for the the new equilibrium interest rate after the open market operations and use an IS-LM graph to explain what happened.