You read in the newspaper that economists predict a
sharp rise in consumer spending. The current...
You read in the newspaper that economists predict a
sharp rise in consumer spending. The current level of unemployment
is at a historical low of 3 percent. What advice would you give the
government on the policies it should adopt?
The predicted sharp rise in consumer spending is
attributed by economists to lower predicted savings. in the last
few weeks,interest rates have fallen and consumer confidence to
borrow has risen. using a consumption function diagram illustrate
the expected effect.
Suppose that consumer spending initially rises by $5 billion for
every 1 percent rise in household wealth and that investment
spending initially rises by $20 billion for every 1 percentage
point fall in the real interest rate. Also assume that the
economy’s multiplier is 3
a. If household wealth falls by 5 percent because of
declining house values, and the real interest rate falls by 2
percentage points, in what direction and by how much will the
aggregate demand curve initially...
Predict possible environmental consequences if carbon
emissions from fossil fuels continue to rise. Read in your textbook
or use other credible sources and elaborate on at least 5
aspects.
Suppose you’re a doctor and you read a headline in a newspaper
that says a particular dietary supplement decreases blood pressure
with p = 0.01. The supplement is generally safe but sometimes
causes unpleasant side effects. Assuming this is all you know,
answer the questions below.
a) What does this headline mean? Incorporate the definition of
p-value into your answer.
b) Should you recommend the supplement to patients with high
blood pressure? Why or why not? Give at least two...
You read a newspaper article that says the unemployment rate
rose this month. Are we in a recession? Explain.
&
Determine the amount of consumer surplus generated in each of
the following situations.
1. Leon goes to the clothing store to buy a new T-shirt, for
which he is willing to pay up to $10. He picks out one he likes
with a price tag of exactly $10. When he is paying for it, he
learns that the T-shirt has...
In the USA, Read the following advertisement that appeared in
the community newspaper where you live. Do you think the
advertisement violates any of the ethics rules? Explain the reasons
for your answer.
IRS TAX TERMINATOR, A Professional Services Corporation We have
ten CPAs on staff and provide a full range of tax services. We
guarantee a tax refund or you pay nothing for our services. Call us
at (999-777-7711). Your call will be routed to one of our tax...
In the USA, Read the following advertisement that appeared in
the community newspaper where you live. Do you think the
advertisement violates any of the ethics rules? Explain the reasons
for your answer.
IRS TAX TERMINATOR, A Professional Services Corporation We have
ten CPAs on staff and provide a full range of tax services. We
guarantee a tax refund or you pay nothing for our services. Call us
at (999-777-7711). Your call will be routed to one of our tax...
Read the following advertisement that appeared in the community
newspaper where you live. Do you think the advertisement violates
any of the ethics rules? Explain the reasons for your answer.
IRS TAX TERMINATOR, A Professional Services Corporation We have
ten CPAs on staff and provide a full range of tax services. We
guarantee a tax refund or you pay nothing for our services. Call us
at (999-777-7711). Your call will be routed to one of our tax
experts who will...
. You read in the newspaper that rocks from Mars have been found
on Earth. Your friend says that
the rocks were shot off Mars by the large volcanoes there. You
are skeptical so you decide to
calculate the magnitude of the velocity that volcanoes eject
rocks from geological evidence. You
know the gravitational acceleration of objects falling near the
surface of Mars is only 40% that on
the Earth. You can look up the height of Martian volcanoes and...
You read in BusinessWeek that a panel of economists has estimated that the long-run real growth rate of the U.S. economy over the next five-year period will average 8 percent. In addition, a bank newsletter estimates that the average annual rate of inflation during this five-year period will be about 5 percent. What nominal rate of return would you expect on U.S. government T-bills during this period? Round your answer to two decimal places.
%
What would your required rate...