ECOS2002 – Intermediate Macroeconomics Tutorial Questions Topic: ‘Fiscal Policy and the Open Income-Expenditure Model’ Tutorial 2: Week 4 (19-23 August) NB: The readings for this tutorial are indicated in Topic 2 of the reading guide. 1. In the Keynesian theory of output what is mechanism that brings about the equilibrium level of output determined by aggregate demand? 2. ‘The stance of fiscal policy cannot be measured by the size of the actual budget deficit.’ Why
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Chapter 36: Six Debates over Macroeconomic Policy 1. Should monetary and fiscal policymakers try to stabilize the economy? 2. Should the government fight recessions with spending hikes or tax cuts? 3. Should monetary policy be made by rule rather than by discretion? 4. Should the central bank aim for zero inflation? 5. Should the government balance its budget? 6. Should the tax laws be reformed to encourage saving? Debate #1 1. Should monetary and fiscal policymakers try to stabilize the economy
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Whaling Whaling is the hunting of whales and it is one of the big issues in the world. Japan is one of the pro-whaling countries and a majority of the Western countries are objecting to Japan. However‚ this essay would like to insist that whaling is a part of the Japanese rural traditional culture‚ so it is important for some Japanese people. Therefore‚ the essay support the idea that whale hunting should not be prohibited. This essay aims to tell people who do not know about Japanese whaling well
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NT1110 Unit 6 Analysis Memory Cost In the last 30 years‚ the need for hard drives to be capable to hold more memory has been on a very fast rise. This is due to our operating systems that are larger and the fact that more people needing or wanting to use computers more. Technology has grown so much. 20 years ago only about half of us had computers in our homes. Today almost everybody has at least 1 desktop and 1 portable. We keep pictures of our children on computers‚ have more programs to use
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non-programmed decisions Prepared by: Rehab Mohamed Abd El Rasoule PROGRAMMED AND NONPROGRAMMED DECISIONS Programmed decisions: Programmed decision are decisions that have been made so many times in the past that managers have developed rules or guideline to be applied when certain situations are expected to occur in a certain situation. Another definition: It’s made in accordance with written or unwritten policies‚ procedures‚ or rules that simplify decision making
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How People Make Economic Decisions The Purchase of Two New Cars In this paper‚ I will address Mankiw’s four principles of individual decision making; provide an example of a decision in which I compare the marginal benefits and marginal costs associated with the decision. I will discuss the marginal benefits and marginal costs associated with the decision and finally‚ the incentives that could have led me to make a different decision. Mankiw’s four principles of individual decision making are
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to develop conflict in the story. From the appearance of the ivory trade and the continent of Africa‚ to the image of Kurtz himself‚ Conrad clearly shows us that appearances can be deceiving. As Marlow relates his story‚ the reader is drawn into a world of contradictions. These contradictions challenged the widely accepted European views of that time. When Marlow begins his quest to sail his ship up the Nile river to partake in the adventure and excitement that is the ivory trade‚ he describes the
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Decisions‚ Decisions Life is all about decisions. No matter how big or small‚ those decisions will affect the direction of one’s life. However‚ decisions‚ especially important ones‚ must be well thought out‚ otherwise‚ regret and/or sorrow will follow. There is no going back on already made decisions and there is no “fixing” them either. Teenagers are known to make dumb decisions. Fortunately‚ independent decision making is all a part of growing up. However‚ as a teenager‚ it seems hopeless
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Innocence and the Real World: An Analysis of Night Watch Introduction “Those who improve with age embrace the power of personal growth and personal achievement and begin to replace youth with wisdom‚ innocence with understanding‚ and lack of purpose with self-actualization” (Bennett). Innocence can by defined in many ways. Some believe that it is the lack of corruption‚ others believe that it is a lack of understanding‚ and some think it means that a person accused of a crime is not guilty. Everybody
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‘‘Design for the Real World’ is a book written by Victor Papanek and published for the first time in 1971. It has been distributed and translated into twenty diverse languages‚ it became one of the world’s most iconic and relevant book in design. The author approaches on his work‚ distinctive systems/strategies to create and develop a new item that responds to human needs and enhance our environments. Victor Joseph Papanek born in “Red Vienna” in 1927 and died in 1998 was an American architect and
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