Q: The following table shows Spain’s (annualized) quarterly real GDP growth
The following table shows Spain’s (annualized) quarterly real GDP growth rates for the 2007–2012 period. (Roman numbers refer to quarters.) a) Plot real GDP growt...
See AnswerQ: Unemployment is a very important topic in macroeconomics. A high unemployment
Unemployment is a very important topic in macroeconomics. A high unemployment rate means that a lot of individuals willing to work cannot find a job. This is bad for the economy, as some resources (i....
See AnswerQ: During the 1970s, most Latin American countries ran huge budget deficits
During the 1970s, most Latin American countries ran huge budget deficits. As their governments resorted to printing money (increasing the money supply) to pay for these deficits, very high inflation r...
See AnswerQ: Assume that a civil war erupts in a given country, creating
Assume that a civil war erupts in a given country, creating chaos and destroying most of the economy’s infrastructure (e.g., roads, businesses, and telecommunications). a) What would be the effect on...
See AnswerQ: The recent global financial crisis is a good example of how important
The recent global financial crisis is a good example of how important the financial system is for the performance of any economy. Usually the immediate effects of a financial crisis include a decrease...
See AnswerQ: The United States has been experiencing very low or even negative savings
The United States has been experiencing very low or even negative savings rates during the recent past. If this situation persists, what does it means for future generations?
See AnswerQ: A Council of Economic Advisers post on January 15, 2010,
A Council of Economic Advisers post on January 15, 2010, stated that “The American Recovery and Reinvestment Act [...] was the boldest countercyclical fiscal action in American history. [...] the Admi...
See AnswerQ: Go to the St. Louis Federal Reserve FRED database, and
Go to the St. Louis Federal Reserve FRED database, and pull data on a common measure of standard of living, real GDP per capita, in 2011 U.S. dollars. Choose the following countries: United States (US...
See AnswerQ: The Federal Reserve took swift action to help restore the United States
The Federal Reserve took swift action to help restore the United States financial system after the global financial crisis started in fall 2007. The various instruments used by the Federal Reserve wer...
See AnswerQ: Consider the difficult task of raising children. One of the most
Consider the difficult task of raising children. One of the most widely recognized challenges of this task is to properly balance rules and ad-hoc decisions. Constantly breaking rules might send the w...
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