Problem set 1
4.) Place each of the following transactions in one of the four components of expenditure:
Consumption, Investment, Government Purchases, and net exports
a. Government Expenditures
Ch. 10 Problem Set
THE FED REDUCES THE MONEY SUPPLY BY
MONEY IS CONSTANT.
A. WHAT HAPPENS TO THE AGGREGATE DEMAND CURVE?
THE VELOCITY OF
a. The aggregate demand curve will shift to the le
Stapleford Ch. 4
1. WHAT IS TO PREVENT VARIOUS NATIONS FORM HARVESTING THE OCEANS TO EXHAUSTION?
Since the oceans are a large source of jobs and food, they represent a major catalyst to the
world economy. Each n
Stapleford Ch. 7
1. FROM A CHRISTIAN PERSPECTIVE, WHY DID MARXIST COMMUNISM FAIL?
Marxist communism failed because when things are simply given to those who dont work, then
they become free-riders. If those who
Problem set 5
It takes about 7-8 weeks to find a part time job, in our experience. After finding the job,
we found that it lasts 3 months, pretty much as long as the summer, because
Problem set 2
3.9: If consumer expectations become increasingly more positive, and they begin to spend more
of their disposable income on consumer goods, then they are clearly showing a decreased
Ch. 11 Problem Set 7
11.2 IN THE KEYNESIAN CROSS, ASSUME THAT THE CONSUMPTION FUNCTION IS GIVEN BY C
= 200 + 0.75(Y-T). PLANNED INVESTMENT IS 100; GOVERNMENT PURCHASES AND TAXES
ARE BOTH 100.
A. GRAPH PLANNED E
Extra Credit Briefing Note
ISSUE: The current minimum wage isnt high enough for some progressives and they want to
see a change because they feel that minimum wage earners are being cheated.
CURRENT STATUS: It is attacke
Gross Domestic Product: Expenditure and Income
Total expenditures on domestically produced final goods and services
Total income earned by domestically located factors of production
Expenditure equals income b
Ch. 11 Problem Set 8
HAPPENS IN THE SHORT RUN TO THE INTEREST RATE, INCOME, CONSUMPTION
AND INVESTMENT UNDER THE FOLLOWING CIRCUMSTANCES?
A. THE CENTRAL BANK INCREASES THE MONEY SUPPLY.
a. Interest ra