problemset 2

Economic concepts

problemset 3

Economic questions

practice problems

Economics practice problems

economics practice problems

economics practice problems

How to decide to buy a new car

The concept of this problem is to make the decision to buy a new car. "Purchasing a new car" I like that some OTA help me to find all of the Pros and Cons of making the decision to purchase a new car. We need to think about macro & microeconomics and any other psychological, sociological or business concepts that may af ...continues

Multipart calculation question

This is basic question I may get for my test and would like to see solved: Assume the following equations (in billions of dollars) describe a hypothetical economy where both the price level and interest rates are fixed. C=110 + 0.75(YD) YD= Y - NT NT = 0.2Y I = 175 G = 80 EX = 70 IM = 30 + 0.1Y *NOTE: NT means net ...continues

Exchange rate problem

Examine the effects of a change in the money supply in an open economy under a flexible exchange rate system. How are your conclusion affected by the adoption of a fixed exchange rate?

Aggregate demand/supply

Using the aggregate demand and aggregate supply model, draw an economy in a boom with equilibrium national income above full employment GDP. If the government decides to intervene to return the economy to full employment, illustrate and explain what will happen to the economy in the short run and in the long run.

Aggregate demand

Explain using an appropriate diagram how and through what mechanisms would each of the following affect the level of aggregate demand? i)A sharp decline in business confidence. ii) An increase in the marginal propensity to consume iii) A fall in world income (draw a separate diagram for each part of the question)

aggregate demand problem

Using the aggregate demand and aggregate supply model, draw an economy in a boom with equilibrium national income above full employment GDP. If the government does not intervene, explain how the self correcting mechanism works.