Econ_1102_HW_05

Econ_1102_HW_05 - University of Minnesota Fall 2007...

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University of Minnesota Fall 2007 Economics 1102 Principles of Macroeconomics HW5 – Due November 30 th at 12PM in 1035 Heller Hall. On the top right corner of your homework write: Attention: Pouokam, Natalie and do not put Summer’s name on the HW. The HW must be submitted in 1035 Heller Hall unless you submit the HW next Wednesday in class. I will not accept any HW electronically. Test Yourself Questions from (Baumol and Blinder 2007 – 10 th Edition): Chapter 9 Appendix A Question 5 and Chapter 10 Question 2 Question 3: Democratic presidential candidate Sen. Hillary Clinton announced a $110 billion health care reform plan to be enacted if elected. The funding for these plans is always nebulous but let’s assume that she is going to pay for the reform with fixed taxes. Ignoring inflation, how would this plan affect our nation’s GDP? (This is the type of question that economists research. Using our tools, you can answer this question specifically. Think about the multiplier affect from the
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Econ_1102_HW_05 - University of Minnesota Fall 2007...

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