Explain why government budget deficits crowd out private investment spending in a closed

economy but crowd out net exports in a small open economy. Assume that prices are flexible

and that factors of production are fully employed in both economies. Assume that there is

perfect capital mobility for the small open economy.

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.

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)

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.

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?

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?

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.