Questions
For each of the following events, discuss the short run and the long run effects on...

For each of the following events, discuss the short run and the long run effects on output and price levels, assuming that the policymakers take no action
A) The stock market decreases sharply, reduce customer's wealth
B) The federal goverment increases spending on national defense
C) A technogical improvement raises productivity

In: Economics

If you were the U.S. government policy maker, what types of fiscal policy measures you will...

If you were the U.S. government policy maker, what types of fiscal policy measures you will introduce to deal with the coronavirus pandemic and the coronavirus recession? What are the impacts of these fiscal policies on the U.S. economy in the short-run and long-run?

Fiscal policy is the government’s policy with respect to spending and taxation.

In: Economics

Ecuador and Colombia can each be described by a Keynesian-cross model. The MPC is 0.9 in...

Ecuador and Colombia can each be described by a Keynesian-cross model. The MPC is 0.9 in each country. Ecuador decides to increase spending by $2 billion, while Colombia decides to cut taxes by $2 billion. In which country will the new equilibrium level of income be greater? Explain. (keynesian cross)

In: Economics

It's easy to explain the vitriolic nature of political campaigns in the U.S. if you know...

It's easy to explain the vitriolic nature of political campaigns in the U.S. if you know that spending $7 billion for local, state, and national campaigns will give you influence over $20 trillion in economic power. How might an economist explain why individuals ignore information and not participate in elections.

In: Economics

In 200-300 words each respond to the following. 1. Describe the three benefits of the following...


In 200-300 words each respond to the following.

1. Describe the three benefits of the following principle: “Spend less than you earn”
2. Lost and describe at least three steps you can take your personal finance to better control your spending and capitalize on these benefits.

In: Finance

List, describe and give examples of the value of each of the following types of Variance...

List, describe and give examples of the value of each of the following types of Variance Analysis, "volume variance," "spending/quantity use variance," "static budget variance" and "flexible budget variance." How have you seen these used? How would you apply any of these to your personal life?

In: Finance

Milton Friedman argued, and new classical economists continue to argue (or presume) that changes in our...

Milton Friedman argued, and new classical economists continue to argue (or presume) that changes in our actual or current income do not any significant effect on our actual or current consumption spending, or that our MPC is essentially zero. What was Friedman’s argument? Why did he make this argument?

In: Economics

Compare the action RBA is likely to take when Australia’s Consumer Price Index (CPI) is decreasing...

Compare the action RBA is likely to take when Australia’s Consumer Price Index (CPI) is decreasing from 4% to 3% and when the CPI is rising from 3% to 3.5%.

you are expected to include (but is not limited to) the use of the words: money, rate, supply, interest, inflation, increase/decrease, spending.

In: Economics

The world has been attacked by COVID - 19 virus, causing dramatic changes in: The level...

The world has been attacked by COVID - 19 virus, causing dramatic changes in:

  1. The level of economic activities.
  2. The priorities of different sectors and activities.
  3. In the patterns of spending and lifestyles of people.

Explain the above statement, and mention your expectations for life after COVID - 19 in terms of the above three points.

In: Economics

Please Use your keyboard (Don't use handwriting) Econ I need new and unique answers, please. (Use...

Please Use your keyboard (Don't use handwriting)

Econ

I need new and unique answers, please. (Use your own words, don't copy and paste)

Q: how supply, demand, and prices affect the auto industry. includes: supply and demand, public spending and the outcome.

In: Economics