Note: No data missing, these are general economic market forces questions, please explain answers

-If interest rates on European assets increase, then we expect that the Euro will depreciate?

-If the U.S. imposes an import tariff on an imported product, then the US as a whole will be better off relative to consumer surplus, producer surplus, and tariff revenue?

-An economy with a growing population sees continued growth in the capital stock and output?

-At given interest rates, if the EXPECTED rate at which we exchange dollars and euros increases, then we expect that the dollar per euro spot exchange rate today increases?

-Suppose second quarter GDP increased by 0.6 percent relative to first quarter GDP. Annualized second quarter growth is then equal to about 2.4 percent.

Thank you!

1. Describe the following.

a. Inefficiency of the Barter system

b. Difference between Commodity money and Fiat Money

c. Four major functions of money

d. Difficulties in using nails (what you find in hardware shops) as money.

a. Discuss two ways that product differentiation affects demand for the product.

b. Explain the difference between collusive and competitive oligopolistic market models and give an example.

Provide a compare/contrast discussion on why Training is important for Sales Managers to be aware of this issue (400-500 words)

You have to be honest regardless of the consequences. Do you agree? why?

Is Argentina dollarized? Is there a spontaneous dollarization in Argentina? Does it have flexible or fixed exchange rate (2000 - 2019)?

4. Which of the following statements is (are) correct?
(x) If households view a tax cut as being temporary, the tax cut has more of an effect on aggregate demand than if households view it as permanent.
(y) A decrease in taxes is an example of an expansionary fiscal policy and that policy will probably cause the aggregate demand curve to shift to the right.
(z) An increase in government purchases coupled with a decrease in taxes is an expansionary fiscal policy that will increase the budget deficit.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only.
E. (x) only

5. , which of the following statements is (are) correct?
(x) The multiplier effect is the multiplied impact on aggregate demand of a given increase in government purchases of goods and services.
(y) The marginal propensity to consume (MPC) is defined as the fraction of extra income that a household consumes rather than saves and the larger the MPC the larger the multiplier effect.
(z) According to the multiplier effect, an increase in government purchases causes interest rates to increase which increases investment spending.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only.
E. (y) only

6. Which of the following statements is (are) correct?
(x) According to the textbook, an increase in government spending on goods to build or repair transportation infrastructure and education facilities shifts the aggregate demand curve to the right and, in the long run, shifts the aggregate supply curve to the right.
(y) According to the crowding-out effect, an increase in government purchases causes interest rates to rise and the interest rate increase causes an increase in investment spending.
(z) The multiplier effect amplifies the effects of an increase in government expenditures, while the crowding-out effect diminishes the effects.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only.
E. (z) onl

1. , during the economic downturn of 2008-2009, the Federal Reserve
A. explicitly set its target rate of inflation at zero.
B. explicitly set its target rate of inflation well above zero.
C. took the unusual step of using open-market operations to purchase mortgages and corporate debt.
D. used open-market operations to purchase mortgages and corporate debt, just as it frequently does even when the economy is functioning normally.
E. reduced taxes to stimulate business and consumer spending.

2. which of the following statements is (are) correct?
A. Fiscal policy refers to changes in aggregate demand caused by changes in government spending or taxes
B. An example of fiscal policy is an act of Congress that raises the minimum wage.
C. A purchase of bonds by the Fed is an example of an expansionary fiscal policy because it is an increase in government purchases of goods and services.
D. All of the above are correct.
E. A and B, only

Which of the following statements is (are) correct?
(x) If households view a tax cut as being temporary, the tax cut has more of an effect on aggregate demand than if households view it as permanent.
(y) A decrease in taxes is an example of an expansionary fiscal policy and that policy will probably cause the aggregate demand curve to shift to the right.
(z) An increase in government purchases coupled with a decrease in taxes is an expansionary fiscal policy that will increase the budget deficit.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only.
E. (x) only

1.5 TRACE THROUGH THE SHORT-RUN, INTERMEDIATE, AND LONG-RUN EFFECTS OF AN INCREASE IN CONSUMER WEALTH. (REMEMBER THERE ARE SEVERAL AD DETERMINANTS. BE ABLE TO DO THIS QUESTION FOR ANY OF THEM—THINGS LIKE CONSUMER OPTIMISM, CONSUMER PESSIMISM, DECREASES IN WEALTH, DECREASE IN HOUSEHOLD INDEBTEDNESS, INCREASE IN HOUSEHOLD TAXES, DECREASES IN HOUSEHOLD TAXES, INCREASED EXCESS CAPACITY OF CAPITAL, DECREASED EXCESS CAPACITY OF CAPITAL, INCREASES IN THE COST OF MAINTAINING CAPITAL, DECREASES IN THE COST OF MAINTAINING CAPITAL, INCREASES IN GOV’T SPENDING, DECREASES IN GOV’T SPENDING, INCREASES IN INCOME ABROAD, DECREASED VALUE OF CURRENCY, ETC). USE MONETARY POLICY TO OFFSET THE RESULTING BUSINESS CYCLE. INCLUDE A GRAPH AND EXTENDED 4-STEP ANALYSIS.

1)start:

2)Shock:

3)Shift:

4)Result: Short Run

Intermediate

Long Run

Ritewell sells pens at a current price of £10, producing a revenue of £120,000 per month, of which 20% is spent on advertising. The marketing manager wants to increase sales to 16,000 units per month, and is considering whether to increase advertising or reduce price to achieve this target. He has estimated that the PED for Ritewell’s pens is –1.5 and the AED is 1.8. a) Calculate how much would need to be spent on advertising to achieve the target sales. b) Calculate how much of a price cut would need to be made to achieve the target sales. c) Explain which is the better decision in terms of achieving the desired target.

MACROECONOMICS PAPER ASSIGNMENT

The Physicians for a National Health Program

and Single Pay National Health Care Insurance

Due April 12

One of our country’s most significant fiscal policy issues is rising health care costs. The Physicians for a National Health Program (PNHP) is a non-profit organization of 20,000 physicians, medical students, and health professionals who support single-payer national health insurance (or Medicare For All) as a means of reforming health care in the United States. It is currently the health care position of Presidential candidates Bernie Sanders and Elizabeth Warren.

For this paper assignment, each student will review the PNHP website (as well as other sources contained in Blackboard) and write a TYPED paper of no more than 300 words with respect to the following:

- What is single payer health care?

- What does PNHP consider the most serious health care spending problem? Why?

- What are PNHP’s biggest problems with Obamacare, which was another way of dealing with health care reform?

- How will single pay health care be paid for?

- Do you agree with PNHP’s positions? If so, why? If not, why not?

Prior to writing your paper, watch the Crash Course Economics video “The Economics of Heath Care” and read the “Health Care Primer” found in the Blackboard folder. As part of your paper, cite at least one outside article or book and reference it at the end (name, author, date, web link). Grading will be based on your knowledge of PNHP’s position, addressing each of the above questions (using the primer and video as a reference), and the thoughtfulness in arguing your position. The paper can be submitted via email attachment or through Blackboard – no hard copies.