1. What is NAIRU? Why is it important, but challenging for economic policy makers? 2. What is the neutral rate? Why is it critical to monetary policy? What makes it a difficult concept to work with? 3. What is the best way to measure the size of the national debt?
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1. What is NAIRU? Why is it important, but challenging for economic policy makers?
2. What is the neutral rate? Why is it critical to
3. What is the best way to measure the size of the national debt?
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Solved in 5 steps
- Explain the instruments of monetary and fiscal policy?Describe the Fiscal Policy and the monetary policy and explain how The two policies are used to control money supply in the economy.1. Under what circumstances would the Federal Reserve Board seek to expand the money supply? What tools would it use to do? 2. What are three major differences between the Classical and Keynesian Models of the economy? 3. Differentiate between tariffs and quotas. Explain the effect of each on international trade. Why would governments want to impose tariffs and quotas? 4. Differentiate between fixed and floating exchange rates. How would a country maintain fixed exchange rates? 5. What is the Crowding Out effect of fiscal policy? What are its likely consequences?
- What is the main differences between monetary policy and fiscal policy1. When the banking industry in aggregate has a higher reserve ratio than the required reserve ratio, the: A. greater the money multiplier. B. more money will be created. C. smaller the money multiplier. D. greater the level of required reserves. 2. If I took cash from my mattress/sock drawer/or some other place and deposit $100 in my local bank, this can lead to a maximum expansion in bank deposits of $500. Using the simple money multiplier formula, the required reserve ratio must be: A. 20 percent. B. 25 percent. C. 40 percent. D. 50 percent. 3. If you personally knew in 2020 that interest rates would jump from 2% to nearly 7% in 2022, you would want to be holding: A. more money because bond pries will likely fall. B. less money because bond pries will likely rise. C. more money because bond pries will likely rise. D. more money because bond pries will stay the same due to fed policy. 4.In 2008 the Federal Reserve decreases the reserve requirement as part of the stimulus, it: A.…Make forecasts of what monetary policy will do and also forecasts of GDP growth and primary fiscal defcits for UK. Give a sovereign debt sustainability analysis for UK. Calculate the trajectory of sovereign debt to GDP for the UK based on these forecasts.
- What will happen if a country uses money creation to finance a large and expanding national debt? Group of answer choices: a. Real output and employment will grow rapidly. b. Nominal interest rates will fall. c. The foreign exchange value of the currency will increase. d. The rate of inflation will rise.A} How does the Expansionary and Contractionary Monetary POlicy affect the Inflation, GDP, Economic Growth and Employment rate in a country. B} How does the Expansionary and Contractionary Fiscal Policy affect the Inflation, GDP, Economic Growth and Employment rate in a country.32. Trade restrictions discriminate against foreign producers and benefit economic progress. True or false 36. The government's responsibility for stabilizing the value of the monetary unit involves _________________________________. Response option group a. the application of appropriate fiscal policies and effective control over the money supply b. the application of appropriate fiscal policies c. the application of appropriate fiscal policies and effective control over money demand d. effective control over money supply and demand 37. Which of the following results can be attributed to sound fiscal policy? Response option group a. higher budget deficit b. higher unemployment c. higher price levels d. more jobs
- In the late 1970s, several countries in Latin America, notably Mexico, Brazil, and Argentina, had accumulated large external debt burdens. A significant share of this debt was denominated in U.S. dollars. The United States pursued contractionary monetary policy from 1979 to 1982, raising dollar interest rates. a.How would this affect the value of the Latin American currencies relative to the U.S. dollar? b. How would this affect their external debt in local currency terms? c. If these countries had wanted to prevent a change in their external debt, what would have been the appropriate policy response, and what would be the drawbacks?What does a managed (or dirty) float mean? That the country's central bank fixes the value of its currency. That a country's currency is fixed to the price of gold. That a country's balance of payments is persistently in deficit. That a country's central bank buys and sells currencies in order to smooth out short-run fluctuations in its own currency. That a country's currency is fixed to the value of the U.S. dollar.explain the “lean against the wind monetary policy”.