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Subject:
Economics
Category: Business and Money > Economics Asked by: jenkohl-ga List Price: $30.00 |
Posted:
07 Apr 2005 10:57 PDT
Expires: 07 May 2005 10:57 PDT Question ID: 506350 |
Explian a "determinant of demand" and which determinants of piizza demand change when the White House is in crisis. What would happen in the apple market if the government set a minimum price of $2.00 per apple? What might motivate such a policy? How might the following government interventions affect a nation's economic growth? a) Mandatory school attendence b) High income taxes c) Copyright and patient protection d) Political corruption If gross investment is not large enough to replace the capital that depreciates in a particular year, is net investment greater or less than zero? What happened to our production possibilities? Which is more damaging to the economy: demand-pull or cost-push inflation? Why? What factors might cause consumers to spend more of their income on goods and services, thereby shifting the AD curve rightward? What events might change consumer confidence and what effect would this have on aggregate demand? What is the rationale behind the term of service given to a Chairman of the Federal Reserve Board? Currently, this position is held by Alan Greenspan. Explain fiscal policy or monetary policy as an analogy to a gas-combustion engine. Summarize the basic principles behind "supply-side" economics. |
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Subject:
Re: Economics
Answered By: wonko-ga on 12 Apr 2005 08:20 PDT |
A. determinant of demand is a factor determining the market demand for a good or service. When the White House is in crisis, more people are working late, which expands the size of the market for pizza. The price, being higher than the current market price, would decrease demand while increasing supply. The government could implement such a policy to support farm incomes, which are otherwise in decline because demand is growing slower than supply created as a result of new technologies. a) increase b) decrease c) increase d) decrease. Each of these factors either increases or decreases an individual's incentives or abilities to perform productive work. Net investment is less than zero. The economy decreases its ability to produce because equipment is being used up faster than it is being replaced Kurz. Cost-push inflation is more damaging because it occurs during periods of high unemployment and slack resource utilization. In contrast, demand-pull inflation occurs with low unemployment. However, rampant demand-pull inflation caused by money-supply growth can also be extremely devastating to an economy. Belief that their jobs are secure, cheap credit, and increasing gains in stock market and/or housing wealth. These are factors that could lead consumers to feel that they can afford to save less. Terrorist activities, rising unemployment, rising interest rates, and war are all factors that can adversely affect consumer confidence, thereby decreasing aggregate demand. Rising housing prices and stock markets, decreasing unemployment, and decreasing interest rates can positively affect consumer confidence, thereby increasing aggregate demand. The idea is to insulate governance of the Federal Reserve and interest-rate policy from short-term political considerations. Both fiscal policy and monetary policy act as a source of fuel to the economy that is represented by the engine. "What Is Fiscal Policy?" by Reem Heakal, Investopedia.com (May 19, 2004) http://www.investopedia.com/articles/04/051904.asp "Supply-side economics. A view emphasizing policy measures to affect aggregate supply or potential output. This approach holds that high marginal tax rates on labor and capital incomes reduce work effort and saving." (Page 747) Source: "Economics" 14th edition by Samuelson & Nordhaus, McGraw-Hill Inc. (1992) Sincerely, Wonko |
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Subject:
Re: Economics
From: professorman-ga on 07 Apr 2005 12:46 PDT |
If you really want answers to these questions you will probably have to raise your offering price considerably. I can tell you, as an Economics professor, that the information that you are lookng for generally takes about 10 weeks to cover in depth. The Google Researchers can answer your questions in more detail than you can probably ever imagine, but that kind of knowledge costs money. I would expect AT LEAST 2 hours of time if not more would be sufficient to answer these questions. You may want to try pricing your question accordingly. |
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