Questions from Macroeconomics

Q: In Exhibit 4(b), determine the slope between points A

In Exhibit 4(b), determine the slope between points A and D.

Q: What is the special characteristic of a 45-degree line?

What is the special characteristic of a 45-degree line?

Q: What is the slope of a 45-degree line?

What is the slope of a 45-degree line?

Q: When is a pie chart better than a bar chart for illustrating

When is a pie chart better than a bar chart for illustrating data?

Q: Plot the following data and specify the type of relationship between the

Plot the following data and specify the type of relationship between the two variables. (Place “Price” on the vertical axis and “Quantity Supplied” on the horizontal axis.) Price of Apples ($) Quant...

Q: Table 18.1 reports the composition of the federal budget as

Table 18.1 reports the composition of the federal budget as a percentage of GDP in 2015. Create a similar table using the latest available data from the Economic Report of the President. H...

Q: With log utility, the solution to the neoclassical consumption model is

With log utility, the solution to the neoclassical consumption model is given implicitly by the first two equations on page 454, the Euler equation and the intertemporal budget constraint: There, we...

Q: Suppose that the government fears the economy might be heading into a

Suppose that the government fears the economy might be heading into a recession and decides to cut income taxes today in an effort to prevent the recession. (a) How does the Ricardian equivalence argu...

Q: As discussed extensively in Chapter 7, income inequality has risen in

As discussed extensively in Chapter 7, income inequality has risen in recent decades in the United States. This question considers the implications for consumption inequality. (a) Suppose a substantia...

Q: Figures 16.3 and 16.4 show household debt as

Figures 16.3 and 16.4 show household debt as a percentage of GDP and the personal saving rate. According to these graphs, the ratio of household debt to GDP in 2007, before the financial crisis took h...