1.Explain demand-pull inflation and mention the causes of this type of inflation. 2. Explain cost-push inflation...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1.Explain demand-pull inflation and mention the causes of this type of inflation. 2. Explain cost-push inflation and mention the causes of this type of inflation. 3.Define M1, M2 and M3 money supply. 4. What is the opportunity cost of holding money? 5. Name at least three features of inflation targeting. 6. Define inflation 7. Define deflation Question 2: Business Cycles, Growth/ GDP 1. When the economy is in a recession, what does the government do? 2. When the economy is growing too fast and too quick, what does the government do? 3. Name two ways the government finances its purchases of goods and services 4. Define GDP 5. Define the economic business cycles and explain all the elements of the cycle 6. Why is GDP not a perfect measure of economic well being? 7. What is a GDP deflator and when do we use a GDP deflator? Calculate A, B GDP at and C Year 2011 2012 GDP at current prices constant 2012 prices 600 000 B 400 000 500 000 GDP deflator A C 1.Explain demand-pull inflation and mention the causes of this type of inflation. 2. Explain cost-push inflation and mention the causes of this type of inflation. 3.Define M1, M2 and M3 money supply. 4. What is the opportunity cost of holding money? 5. Name at least three features of inflation targeting. 6. Define inflation 7. Define deflation Question 2: Business Cycles, Growth/ GDP 1. When the economy is in a recession, what does the government do? 2. When the economy is growing too fast and too quick, what does the government do? 3. Name two ways the government finances its purchases of goods and services 4. Define GDP 5. Define the economic business cycles and explain all the elements of the cycle 6. Why is GDP not a perfect measure of economic well being? 7. What is a GDP deflator and when do we use a GDP deflator? Calculate A, B GDP at and C Year 2011 2012 GDP at current prices constant 2012 prices 600 000 B 400 000 500 000 GDP deflator A C
Expert Answer:
Answer rating: 100% (QA)
1 DemandPull Inflation Demandpull inflation occurs when the aggregate demand for goods and services in an economy exceeds its aggregate supply leading to upward pressure on prices Causes of demandpull ... View the full answer
Related Book For
Applied Regression Analysis and Other Multivariable Methods
ISBN: 978-1285051086
5th edition
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
Posted Date:
Students also viewed these economics questions
-
What would be the 3 standard deviation lower control limit? 15 Interpret the following control chart and determine what action, if any, is appropriate. 6 R Chart 5 4 Diameter 3 2 1 www 0 5 10 Time R...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Estimate the moment of inertia of a bicycle wheel.
-
Sean Franklin sells a newly developed camera, Panorama Vision. He purchases the cameras from the manufacturer for $150 each and rents a store in a shopping mall for $6,000 per month. Required a....
-
In Problem find the absolute extremum, if any, given by the second derivative test for each function. f(x) = -x 2 - 2x + 5
-
If you are preparing a client for a deposition, what rules for responding to deposition questions should you review with the client?
-
Cash CollectionsDirect Method Emily Enterprises comparative balance sheets included accounts receivable of $224,600 at December 31, 2009, and $205,700 at December 31, 2010. Sales reported on Emilys...
-
What are three ways an organisation's learning management system can be used to support the development of critical and creative thinking amping it's staff?Explain
-
1. Doctor Howard and Doctor Fine occupied office space in the Uptown Medical Building. They shared rental expenses, secretarial and medical support personnel and costs and profits. Dr. Howard's son,...
-
Use a periodic table to determine the identity of period 4 element M if M4+ has 3d electrons
-
Problem 2 (20 points): CuZn has a disorder-order transition when the temperature changes. When the temperature is high (700 C), it has a body-centered cubic (bcc) lattice, and each lattice site has...
-
Assume MIE is a listed company and pays dividends once each year, and it just distributed this year's $1.30 dividend per share and expected to grow by 9% for the next year. After the next year, you...
-
What specifically do financial leverage ratios measure and how can these be managed toward optimizing financial decisions?
-
Matt is a 23 year old male athlete training for a marathon. Heis also trying to lose weight. His height is 511, weight is 235lbs., usual weight is 252 lbs. He is currently doing a low-carbdiet that...
-
2. (a) Plot a pole-zero map for the system G(s) = S - 10 (s-1)(s + 4) (s + 2s + 10) (i) Comment on the stability of this system. (ii) Which, if any, of the poles of this system give rise to...
-
1 1 Please refer to the background information below to answer question Godzilla Electric (GE) is the monopoly supplier of electricity to households on Utopia Island. It faces a demand curve, a...
-
Define deferred revenue. Why is it a liability?
-
a. Suppose that a two-way ANOVA is to be performed, with five-year postoperative change in refractive error as the dependent variable (Y) and diameter of clear zone (CLRZONE) and baseline average...
-
The following set of questions relates to using Poisson regression methods to analyze data from an in vitro study of human chromosome damage. In this study, using Poisson regression is appropriate...
-
The data for this question consist of a sample of 50 persons from the 1967-1980 Evans County Study (Schoenbach et al. 1986). Two basic independent variables are of interest: AGE and chronic disease...
-
The smooth vane shown diverts the open stream of fluid of crosssectional area \(A\), mass density \(ho\), and velocity \(v\). (a) Determine the force components \(R\) and \(F\) required to hold the...
-
For the moving vane of Sample Problem 4/6, determine the optimum speed \(u\) of the vane for the generation of maximum power by the action of the fluid on the vane. Problem 4/6, The smooth vane shown...
-
The offset nozzle has a discharge area \(A\) at \(B\) and an inlet area \(A_{0}\) at \(C\). A liquid enters the nozzle at a static gage pressure \(p\) through the fixed pipe and issues from the...
Study smarter with the SolutionInn App