Questions
i) Discuss the effects of Gold discovery in an economy where commodity Gold Standards are followed?...

i) Discuss the effects of Gold discovery in an economy where commodity Gold Standards are followed? Also explain the effects of increase in demand for gold.
ii) Assume a kingdom presently is producing gold coins to maximize his seigniorage from being the sole supplier of money. His present total revenue from producing gold coins is equal to 148 million units of goods and service, and this total cost of producing the coins is equal to 102 million units of goods and services. The marginal cost of gold coin production is constant, the profit-maximizing quantity of gold coins produced is 48 million. If the king decided to set the price of gold at a level optimal for the citizens of his kingdom, what price should he set?

In: Economics

Discuss the possible impact of Affordable Care Act (Obamacare) from the following stalkholders. Framework A. Individuals...

Discuss the possible impact of Affordable Care Act (Obamacare) from the following stalkholders. Framework A. Individuals B. The public C. Healthcare professionals D. Federal and state governments E. Managed care and traditional insurance companies F. Employers H. Healthcare industries the pharmaceutical industry

In: Economics

can someone give a detailed answer? Q.Explain Balance of payments accounts used in International trade for...

can someone give a detailed answer?
Q.Explain Balance of payments accounts used in International trade for any country. What is its relationship with Balance of payment Accounting?
Q. Discuss the ripple effects if Monetary policy committee decides to adopt one of following options: (a) Monetary expansion policy
(b) Monetary contraction policy

In: Economics

Iron ore is Australia's largest export. Suppose that there was an unexpected increase in demand for...

Iron ore is Australia's largest export. Suppose that there was an unexpected increase in demand for Australia's iron ore exports globally. Explain what this would do to Australian Dollar exchange rates, and how this would impact other exporting industries, other import-competing industries, and domestic consumers.

In: Economics

Critically discuss the challenges facing McDonalds and Yum in India and whether the models will need...

Critically discuss the challenges facing McDonalds and Yum in India and whether the
models will need to be further changed if economic growth slows.

In: Economics

Employees in a plant in Minnesota are observed to be industrious and very productive. Employees in...

Employees in a plant in Minnesota are observed to be industrious and very productive. Employees in a similar plant in Southern California are observed to be lazy and unproductive. Discuss how alternative views of human behavior and motivation might suggest different explanations for this observed behavior.

In: Economics

How are current business-level and corporate-level strategies of Google company are being implemented?

How are current business-level and corporate-level strategies of Google company are being implemented?

In: Economics

How well does each tax system meet Rawls’s principles of justice?

How well does each tax system meet Rawls’s principles of justice?

In: Economics

Visit the Fed's Summary of Commentary on Current Economic Conditions (Links to an external site.), also...

Visit the Fed's Summary of Commentary on Current Economic Conditions (Links to an external site.), also known as the Beige Book. Prepare a proposal recommending monetary policy actions designed to correct problems with spending, employment, and prices. Defend your choices.

In: Economics

Comparing market capitalist and planned socialist economic systems involves a number of practical and theoretical difficulties....

Comparing market capitalist and planned socialist economic systems involves a number of practical and theoretical difficulties. What are the main difficulties one encounters when comparing the level and rate of growth of output in these differing economic systems? 1/2 page

In: Economics

Considering the idea of the liquidity preference theory of chapter 5, we are considering the relationship...

Considering the idea of the liquidity preference theory of chapter 5, we are considering the relationship between changes in a measure of the US money supply and changes in interest rates.   Admittedly the theory and state of analysis is a bit vague in some ways because it isn’t really clear which interest rate and which money supply aggregate to use.   You will find in the data sheet DISC02Data.xlsx useful. In the first tab “RawDataFromFred” is data on M2 and a 3 month interest rate. I have added two additional items, calculations shown. The first is YRLY%M2, the second is MTHLY%M2.   YRLY%M2 is the yearly percentage change in M2 over a year period, MTHLY%M2 is the monthly change in M2 over a month to month period. Use the data in the tab “Q1Analysis” as that has all you need and the dates of the variables are matched.

  1. According to the Liquidity Preference Theory, what type of relationship should I expect between changes in the money supply and interest rates? Explain.

In: Economics

20. If the capital stock is ABOVE the Golden Rule level, an increase in the capital...

20. If the capital stock is ABOVE the Golden Rule level, an increase in the capital stock would

A raise output less than depreciation B raise output more than depreciation

21. If the capital stock is ABOVE the Golden Rule level, an increase in the capital stock would

A cause consumption to fall B cause consumption to rise

22. At the Golden Rule level of capital,

A the marginal product of capital per worker equals the depreciation rate

B the marginal product of capital per worker net of depreciation equals zero

C both A and B

23. If the saving rate were lowered, steady-state consumption might

A fall B rise C either A or B

24. If the saving rate were raised, steady-state consumption might

A fall B rise C either A or B

In: Economics

Own opinion on AIG in hindsight article by Robert McDonald and Anna Paulson and citing relevant...

Own opinion on AIG in hindsight article by Robert McDonald and Anna Paulson and citing relevant literature to support your argument as well as linking the findings to recent or ongoing significant world events.

In: Economics

Describe the difference between the GDP Deflator and CPI. Be sure to discuss what they measure,...

Describe the difference between the GDP Deflator and CPI. Be sure to discuss what they measure, how one could get an inflation rate from them, and which measure is more relevant to you and why? must be atleast 100 words

In: Economics

This question has several parts Discuss how we measure unemployment in the U.S. Discuss how we...

  1. This question has several parts
    1. Discuss how we measure unemployment in the U.S.
    2. Discuss how we measure the labor force participation rate in the U.S.
    3. Define the different components to the unemployment rate (cyclical, structural, and frictional).
    4. Using specific terms, discuss how the measured unemployment rate might under-report the actual unemployment rate.

  1. This question has several parts.
    1. Discuss how we measure inflation in the U.S.
    2. Identify some of the potential problems with this measure as well as the solution that the Bureau of Labor Statistics has come up with.

  1. This question has several parts.
    1. Draw an AD/AS graph to demonstrate an economy that has come to rest in an inflationary gap. Label this equilibrium point 0.
    2. Describe how the Federal Reserve Bank could use open market operations (buy or sell treasury bonds) to cool the economy and describe the effect this has on bank T accounts.
    3. Show the effect of this policy on the AD/AS graph and explain what shifts, and why.

  1. This question has several parts.
    1. Use the Bureau of Labor Statistics, the Bureau of Economics Analysis, or the St. Louis FRED database to look up and cite (url) current statistics for the following.
  • Unemployment rate
  • Rate of inflation
  • Government deficit
  • Debt to GDP ratio
  • Federal funds rate
  • Real GDP
  • Trade balance
    1. Given the information, identity one policy (fiscal or monetary) you recommend to improve the current situation. Be sure to think about how ALL the variables will be impacted by your policy decision as you think through possible recommendations.
    2. Defend your position by explaining why you’ve made this recommendation and describe any assumptions you’re making.
    3. Use at least one economic model from this quarter to defend your recommendation.
    4. Explain how this recommendation affects each of the variables listed.
    5. Discuss one other policy you considered and explain the thought process you went through to eliminate this other policy.

In: Economics