Country Level Economics: Policies, Institutions, and Macroeconomic Performance | Online Course Support

In 1997, East Asian economies faced a major financial crisis, which reduced their incomes and their demands for US exports. Suppose the Fed believed that the negative impact of the crisis on the US economy would be sizable and would take a few years.

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6. Question 6 In 1997, East Asian economies faced a major financial crisis, which reduced their incomes and their demands for US exports. Suppose the Fed believed that the negative…

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In the above question, what is likely to happen to the rate of inflation if the political turmoil continues and the government of Venezuela tries to keep the output level steady by continued fiscal and monetary expansion?

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5. Question 5 In the above question, what is likely to happen to the rate of inflation if the political turmoil continues and the government of Venezuela tries to keep…

Country Level Economics: Policies, Institutions, and Macroeconomic Performance | Online Course Support

Venezuela’s economy was operating at production capacity until political turmoil reduced the production capacity of the country. To deal with the drop in GDP and to return the aggregate output to its pre-crisis level, the government of Venezuela has decided to increase its expenditure and stimulate demand,

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4. Question 4 Venezuela’s economy was operating at production capacity until political turmoil reduced the production capacity of the country. To deal with the drop in GDP and to return…

Country Level Economics: Policies, Institutions, and Macroeconomic Performance | Online Course Support

At the time of its independence in 1947, India was a very poor country with a very small stock of physical capital. Between 1947 and 1980, the government of India believed that the best way to improve the standard of living in that country was to increase investment and create more jobs with the existing technology.

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2. Question 2 At the time of its independence in 1947, India was a very poor country with a very small stock of physical capital. Between 1947 and 1980, the…

Country Level Economics: Policies, Institutions, and Macroeconomic Performance | Online Course Support

Which of the following are among the six major dimensions of governance as laid down by The Worldwide Governance Indicators? Select all that apply.

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10. Question 10 Which of the following are among the six major dimensions of governance as laid down by The Worldwide Governance Indicators? Select all that apply. 1 point  …

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“Accumulating capital without technological progress cannot generate long-term growth because as capital stock grows, its depreciation _____________, while total production rises at _____________ rate and _____________ portion of the savings that it generates has to be used for replacing depreciated capital, rather than being available for production capacity expansion.”

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9. Question 9 Complete the following sentence. “Accumulating capital without technological progress cannot generate long-term growth because as capital stock grows, its depreciation _____________, while total production rises at _____________…

Country Level Economics: Policies, Institutions, and Macroeconomic Performance | Online Course Support

In the above question (Question 7), given the assumptions about the current and future conditions, you can also conclude that over the next couple of years, the events in East Asia will tend to:

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8. Question 8 In the above question (Question 7), given the assumptions about the current and future conditions, you can also conclude that over the next couple of years, the…

Country Level Economics: Policies, Institutions, and Macroeconomic Performance | Online Course Support

Your company wants to expand its production and needs to know the impact of a surge in East Asian incomes this year on the US economy. You know that East Asian economies have been growing at an average rate of 5 percent per year, and the US economy has been growing at 3 percent per year along its long-run equilibrium path

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7. Question 7 Your company wants to expand its production and needs to know the impact of a surge in East Asian incomes this year on the US economy. You…

Country Level Economics: Policies, Institutions, and Macroeconomic Performance | Online Course Support

Country J’s economy has been stagnant for some time. The government has now decided to stimulate the economy and achieve long-term growth by spending more and by running large budget deficits. Such a policy:

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3. Question 3 Country J’s economy has been stagnant for some time. The government has now decided to stimulate the economy and achieve long-term growth by spending more and by…

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The Fed increased the supply of US dollars at an average rate of 6 percent per year over the 1980-2005 period. Based on the theory of production capacity, if the Fed had instead increased the money supply at the rate of 7 percent per year during that period, given other policies: (Select all that apply.)

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1. Question 1 The Fed increased the supply of US dollars at an average rate of 6 percent per year over the 1980-2005 period. Based on the theory of production…