Today Macro-economists and policy makers are discussing the
benefits of fixed rules rather than allowing the...
Today Macro-economists and policy makers are discussing the
benefits of fixed rules rather than allowing the Central Bank
discretion in it's making Monetary Policy. What are your views on
this topic and why?
QUESTION 13
Economists and policy makers questioned the effectiveness of
discretionary fiscal policy during the 1970s for all the following
reasons except
a
the difficulty of estimating the natural rate of
unemployment
b
the time lags involved in implementing fiscal policy
c
the existence of possible feedback effects of fiscal policy on
aggregate supply
d
the distinction between current and permanent income
e
the problems of inflation and unemployment were basically
solved
QUESTION 14
Fiscal policy
a
uses the federal...
Unemployment is one of the major
macroeconomic issues that concern policy makers. Some economists
have argued the main reason for a rise in unemployment during the
great recession 2008/09 is a drop in labour demand.
Show the effects of a drop in labour demand curve using the
labour supply and labour demand curves in the competitive
equilibrium with perfect information. Can it predict a rise in
unemployment?
Suppose now there is imperfect information, e.g. firms cannot
perfectly observe workers’ effort....
When discussing the multiplication of viruses,
virologist prefer to call the process replication rather than
production. Why do you think so? Would you agree with virologist
that 'replication' is the better term. Elaborate
In discussing molecular rotation, the quantum number JJ is used
rather than ll. The bond length is 141.4pmpm.
Part A : Calculate Erot/KBT for
1H^81Br for J=0 at 334
KK .
Part B: Calculate Erot/KBT for
1H81Br for J =5 at 334 KK .
Some economists argue the Federal Reserve should only focus on
inflation targeting, rather than a broader set of policy
objectives. Discuss both the potential advantages &
disadvantages of inflation targeting.
Inflation, rather than the price level or nominal GDP, is the
policy target of choice for many of the world’s central banks.
Provide a reason why you think this is the case.