ECO/372 Principles of Macroeconomics

The Vice President of Sales for your company has asked you for more information on cloud-based office productivity suites. He tells you that the Sales team is often remote and needs to be able to stay connected to the office.     

 
ECO/372 Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing an 875- word report to introduce some of these thoughts and principles. Use Chapters 1, 2, 3, 4, 5, 6 and 7 in Principles of Macroeconomics as your only source. ECO372
ECO/372 Macroeconomic Terms Worksheet
ECO/372 Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing an 875- word report to introduce some of these thoughts and principles. Use Chapters 1, 2, 3, 4, 5, 6 and 7 in Principles of Macroeconomics as your only source. ECO372
ECO/372 Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing an 875- word report to introduce some of these thoughts and principles. Use Chapters 1, 2, 3, 4, 5, 6 and 7 in Principles of Macroeconomics as your only source. ECO372

ECO/372 Week 1  Principles of Macroeconomics 2017 Version!

 

Everything listed for Week 1 below is included in this purchase!

 

Ten Principles of Economics and the Data of Macroeconomics

Option#1 - 1,461 words! = A+ work!

Option#2 - 1,207words! = A+ work!

Option#3 -   904 words! = A+ work!

Assignment Steps

Resorces: National Bureau of Economic Research; Principles of Macroeconomics: Ch. 1, 2, 3, 4, 5, 6, and 7

Scenario: Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing a report to introduce some of these thoughts and principles.

Develop a 1,050-word report to the members of the strategic planning committee explaining the following information:
      • How economists are both scientists and policymakers and what principles society

          uses to allocate its scarce resources
      • Using the circular flow model, explain the flow of money and goods in an economy.
      • How the economy coordinates society's independent economic actors
      • A country's gross domestic product (GDP) and how it is defined and calculated
      • How the consumer price index (CPI) is constructed and why it is an imperfect

         measurement of the cost of living

Format consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.

 

Week 1 Discussion Questions

Supporting Activity: The Power of Economic Relationships

Interestingly, a study of schizophrenics (housed in a New York State mental institution) demonstrated that even these people (whom society has judged to be irrational in at least some sense) displayed spending behavior precisely in accordance with the Law of Demand.

Battalio, et al., "A Test of Consumer Demand Theory Using Observations of Individual Purchases," Western Economic Journal, December 1973, pp. 411 - 428.

 

Supporting Activity: Real and Nominal GDP

What is the difference between real and nominal GDP?

 

Supporting Activity: GDP and Welfare

Does GDP accurately reflect the nation’s welfare? Why or why not?

 

Supporting Activity: GDP Manipulation

How can a country’s GDP be manipulated?

 

Supporting Activity: In your opinion, is the U.S. GDP being manipulated?

 

*********BONUS FILES INCLUDED*********

Economic Definitions Worksheet

Complete the Macroeconomic Terms Worksheet.
Click the Assignment Files tab to submit your assignment.
SupportingMaterial: Macroeconomic Terms

 

Week 1 Knowledge Check

1. The two frameworks conventional economists generally use to analyze macroeconomic issues are

2. The relationship between real and nominal interest rate can be expressed by

3. Which of the following economic activities would be included in the U.S. domestic gross product (GDP)?

4. Cyclical unemployment is defined as unemployment that results from

5. The longest business cycle expansion in U.S. history occurred in the 10 years from

6. Economics is the study of how

7. Given that diesel cars get much better gas mileage than the typical car, an increase in the price of gasoline would be expected to

ECO/372 The Real Economy in the Long Run ECO/372 The organization's strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your team's task to determine where, outside the United States, your organization should locate its new manufacturing plant.
Write a 1,050-word report recommending an off-shore country and support your choice with the following data:
• The factors that determine the country's productivity
• How the country's policies influence its productivity growth
• How the country's financial system is related to key macroeconomic variables
• How your organization can reduce the risk they would face in relocating
• The current and projected unemployment over the next five years
ECO/372 The organization's strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your team's task to determine where, outside the United States, your organization should locate its new manufacturing plant.
Write a 1,050-word report recommending an off-shore country and support your choice with the following data:
• The factors that determine the country's productivity
• How the country's policies influence its productivity growth
• How the country's financial system is related to key macroeconomic variables
• How your organization can reduce the risk they would face in relocating
• The current and projected unemployment over the next five years
ECO/372 The organization's strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your team's task to determine where, outside the United States, your organization should locate its new manufacturing plant.
Write a 1,050-word report recommending an off-shore country and support your choice with the following data:
• The factors that determine the country's productivity
• How the country's policies influence its productivity growth
• How the country's financial system is related to key macroeconomic variables
• How your organization can reduce the risk they would face in relocating
• The current and projected unemployment over the next five years
ECO/372 The organization's strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your team's task to determine where, outside the United States, your organization should locate its new manufacturing plant.
Write a 1,050-word report recommending an off-shore country and support your choice with the following data:
• The factors that determine the country's productivity
• How the country's policies influence its productivity growth
• How the country's financial system is related to key macroeconomic variables
• How your organization can reduce the risk they would face in relocating
• The current and projected unemployment over the next five years

ECO/372 Week 2  Principles of Macroeconomics

 

** Only Discussion Questions and BONUS Papers Included in the Week 2 Tutorials **

 

Supporting Activity: Historical & Projected Federal Budget Data

A question asked (Chapter 12) of our course text: "What can government policy do to raise productivity and living standards?  On a related subject, open Table 1.1 at the following site:
https://www.whitehouse.gov/omb/budget/Historicals/

 

Supporting Activity: Keynesian Economists

Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them? Which theory is more appropriate for the economy today? Why?

 

**********BONUS FILES INCLUDED**********

Product Purchases and the Economy

Word Coun - Option #1 - 1,448 words!

Word Count - Option #2 - 1,268 words!

You've been debating on making a purchase for yourself. This is a product you've wanted for a while, but one that requires budgeting because you will be making monthly payments.
Select a product in which the demand for the product is clearly affected by the strength or weakness of the overall economy such as new homes, cars, appliances, smart phones, etc.
Write a 1,050- to 1,400-word paper in which you address the following:

  • Identify and define two economic indicators that reflect the strength of the economy (e.g. real GDP, unemployment rate, inflation rate, interest rate, housing starts, etc.).
  • With these economic indicators in mind, how has the economy affected the demand for and supply of your selected product over the last 2 years?
  • What was the impact on the supply of the product and the impact on the demand for the product?
  • Explain the impact on the price of the product and your decision on whether or not to buy the product.
  • Include responses to the following:
    • How might you apply what you learned about supply and demand to your work place or your understanding of the product you are considering purchasing?
    • How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the price of the product?

Cite a minimum of three peer-reviewed sources not including your textbook.
Click the Assignment Files tab to submit your assignment.

 

WEEK 2 KNOWLEDGE CHECK

1. The globalized AS/AD curve is the standard AS/AD model with an added

2. According to Say's Law, people

3. A shift in the long-run aggregate supply curve will change

4. The hypothesis about the macroeconomy that sees the recent problems with the U.S. economy directly related to the structural problems caused by globalization is referred to as the ____      hypothesis.

5. The central difference between the standard theory and the structural stagnation hypothesis when it comes to growth is

6. In 2009, the personal savings rate rose. If the additional savings were not translated into investment, Keynes would predict that aggregate income would

7. According to the Keynesian model,

8. The study of economic growth focuses on the factors that cause an

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ECO/372 WEEK 3 The organization's strategic plan you wrote about in Week 2 calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your responsibility to determine how the U.S economy during this five year period will impact such an aggressive growth plan. To do so, you should:
Develop a 2,100-word economic outlook forecast that includes the following:
• Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years.
• Discuss how government policies can influence economic growth.
• Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables.
• Describe how trade deficits or surpluses can influence the growth of productivity and GDP.
• Discuss the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan.
• Recommend, based on your above findings, whether the strategic plan can be achieved and provide support. ECO372 TUTORIALS
ECO/372 WEEK 3 The organization's strategic plan you wrote about in Week 2 calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your responsibility to determine how the U.S economy during this five year period will impact such an aggressive growth plan. To do so, you should:
Develop a 2,100-word economic outlook forecast that includes the following:
• Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years.
• Discuss how government policies can influence economic growth.
• Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables.
• Describe how trade deficits or surpluses can influence the growth of productivity and GDP.
• Discuss the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan.
• Recommend, based on your above findings, whether the strategic plan can be achieved and provide support. ECO372 TUTORIALS
ECO/372 WEEK 3 The organization's strategic plan you wrote about in Week 2 calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your responsibility to determine how the U.S economy during this five year period will impact such an aggressive growth plan. To do so, you should:
Develop a 2,100-word economic outlook forecast that includes the following:
• Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years.
• Discuss how government policies can influence economic growth.
• Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables.
• Describe how trade deficits or surpluses can influence the growth of productivity and GDP.
• Discuss the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan.
• Recommend, based on your above findings, whether the strategic plan can be achieved and provide support. ECO372 TUTORIALS
ECO/372 WEEK 3 The organization's strategic plan you wrote about in Week 2 calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your responsibility to determine how the U.S economy during this five year period will impact such an aggressive growth plan. To do so, you should:
Develop a 2,100-word economic outlook forecast that includes the following:
• Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years.
• Discuss how government policies can influence economic growth.
• Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables.
• Describe how trade deficits or surpluses can influence the growth of productivity and GDP.
• Discuss the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan.
• Recommend, based on your above findings, whether the strategic plan can be achieved and provide support. ECO372 TUTORIALS

ECO/372 Week 3   Principles of Macroeconomics

 

Everything listed for Week 3 below is included in this purchase!

 

The Real Economy in the Long Run

All of the following essays are included in this tutorial purchase:

Option #1 - Word Count: 1,613 words!

Option #2 - Word Count: 1,233 words!

Option #3 - Word Count: 1,340 words!

Option #4 - Word Count: 1,444 words!

Assignment Steps

Resources: National Bureau of Economic Research

Scenario: The organization's strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your team's task to determine where, outside the United States, your organization should locate its new manufacturing plant.
Write a 1,050-word report recommending an off-shore country and support your choice with the following data:
• The factors that determine the country's productivity
• How the country's policies influence its productivity growth
• How the country's financial system is related to key macroeconomic variables
• How your organization can reduce the risk they would face in relocating
• The current and projected unemployment over the next five years
Cite a minimum of three peer-reviewed sources not including your textbook.
Format consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.

 

Money and the Prices in the Long Run and Open Economies

Option #1 - Word Count: 1,676 words!

Option #2 - Word Count: 1,179 words!

Option #3 - Word Count: 2,266 words!

Option #4 - Word Count: 1,202 words!

Option #5 - Word Count: 1,492 words!

Assignment Steps

Resources: National Bureau of Economic Research

Develop a 2,100-word economic outlook forecast that includes the following:
      • Analyze the history of changes in GDP, savings, investment, real interest rates, and

         unemployment and compare to forecast for the next five years.
      • Discuss how government policies can influence economic growth.
      • Analyze how monetary policy could influence the long-run behavior of price levels,

          inflation rates, costs, and other real or nominal variables.
      • Describe how trade deficits or surpluses can influence the growth of productivity and

         GDP.
      • Discuss the importance of the market for loanable funds and the market for foreign-

          currency exchange to the achievement of the strategic plan.
      • Recommend, based on your above findings, whether the strategic plan can be

         achieved and provide support.
Use a minimum of 3 peer-reviewed sources from the University Library.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.

 

**BONUS FILES INCLUDED**

 

Fiscal Policy Paper

Option #1: 1,608 words! WALMART

Option #2: 950 words! MICROSOFT

Option #3:  906 words! APPLE, INC.

**All 3 Options Includedl**

Select an organization with which the team is familiar.
Write a 1,400- to 1,750-word paper in which you include the following:

  • Research federal government spending and taxes over the last 3-5 years (fiscal policy). Has total government spending increased or decreased? Explain. Have income tax rates increased or decreased? Explain.
  • Describe the impact of these fiscal policies on the U.S. economy.
  • Describe the impact of these fiscal policies on your team's selected organization.
  • Have other macroeconomic events impacted the economy and/or your selected Organization? If so, explain.
  • What are expectations regarding the strength of the economy in the next 2 years?
  • Make recommendations for your organization regarding how to best compete in the expected economy.

Include a minimum of 3 peer reviewed sources not including your textbook.

Click the Assignment Files tab to submit your assignment.

 

Week 3 Knowledge Check

1. If you expect interest rates to rise, you will want to be holding

2. The interest rate is the price paid for the use of a

3. Which of the following do policy makers tend to target when setting monetary policy?

4. If the Federal Reserve reduced its reserve requirement from 6.5 percent to 5 percent, this policy would most likely

5. If banks hold excess reserves whereas before they did not, the money multiplier

6. The process of money multiplier depends on

7. Quantitative easing refers to

8. If the Fed wants an easier monetary policy, it might

9. When the Fed raised the interest rates between 2004 and 2007, the Federal Reserve

ECO/372 Week 4 Principles of Macroeconomics



Short-Run Economic Fluctuations

Includes Instructor Feedback = A+ Work!
Select an organization your team is familiar with or an organization where a team member currently works.
Create a 15- to 20-slide Microsoft PowerPoint presentation that will be presented to the organization's Executive Committee. The presentation should cover the following items:
• Identify the three key facts about short-run economic fluctuations and how the economy in the short run differs from the economy in the long run.
• Explain economic fluctuations and how shifts in either aggregate demand or aggregate supply can cause booms and recessions using the model of aggregate demand and aggregate supply.
• Explain how monetary policy affects interest rates and aggregate demand.
• Analyze how fiscal policy affects interest rates and aggregate demand.
• Evaluate why policymakers face a short-run trade-off between inflation and unemployment.
• Evaluate why the inflation-unemployment trade-off disappears in the long run.
ECO/372 Week 4 Principles of Macroeconomics



Short-Run Economic Fluctuations

Includes Instructor Feedback = A+ Work!
Select an organization your team is familiar with or an organization where a team member currently works.
Create a 15- to 20-slide Microsoft PowerPoint presentation that will be presented to the organization's Executive Committee. The presentation should cover the following items:
• Identify the three key facts about short-run economic fluctuations and how the economy in the short run differs from the economy in the long run.
• Explain economic fluctuations and how shifts in either aggregate demand or aggregate supply can cause booms and recessions using the model of aggregate demand and aggregate supply.
• Explain how monetary policy affects interest rates and aggregate demand.
• Analyze how fiscal policy affects interest rates and aggregate demand.
• Evaluate why policymakers face a short-run trade-off between inflation and unemployment.
• Evaluate why the inflation-unemployment trade-off disappears in the long run.
ECO/372 Week 4 Principles of Macroeconomics



Short-Run Economic Fluctuations

Includes Instructor Feedback = A+ Work!
Select an organization your team is familiar with or an organization where a team member currently works.
Create a 15- to 20-slide Microsoft PowerPoint presentation that will be presented to the organization's Executive Committee. The presentation should cover the following items:
• Identify the three key facts about short-run economic fluctuations and how the economy in the short run differs from the economy in the long run.
• Explain economic fluctuations and how shifts in either aggregate demand or aggregate supply can cause booms and recessions using the model of aggregate demand and aggregate supply.
• Explain how monetary policy affects interest rates and aggregate demand.
• Analyze how fiscal policy affects interest rates and aggregate demand.
• Evaluate why policymakers face a short-run trade-off between inflation and unemployment.
• Evaluate why the inflation-unemployment trade-off disappears in the long run.
ECO/372 Week 4 Principles of Macroeconomics



Short-Run Economic Fluctuations

Includes Instructor Feedback = A+ Work!
Select an organization your team is familiar with or an organization where a team member currently works.
Create a 15- to 20-slide Microsoft PowerPoint presentation that will be presented to the organization's Executive Committee. The presentation should cover the following items:
• Identify the three key facts about short-run economic fluctuations and how the economy in the short run differs from the economy in the long run.
• Explain economic fluctuations and how shifts in either aggregate demand or aggregate supply can cause booms and recessions using the model of aggregate demand and aggregate supply.
• Explain how monetary policy affects interest rates and aggregate demand.
• Analyze how fiscal policy affects interest rates and aggregate demand.
• Evaluate why policymakers face a short-run trade-off between inflation and unemployment.
• Evaluate why the inflation-unemployment trade-off disappears in the long run.

ECO/372 Week 4 Principles of Macroeconomics

 

Short-Run Economic Fluctuations

Includes Instructor Feedback = A+ Work!

Assignment Steps

Resources: National Bureau of Economic Research

Select an organization your team is familiar with or an organization where a team member currently works.
Create a 15- to 20-slide Microsoft PowerPoint presentation to present to the organization's Executive Committee.

Include the following items:
      • Identify the three key facts about short-run economic fluctuations and how the

          economy in the short run differs from the economy in the long run.
      • Explain economic fluctuations and how shifts in either aggregate demand or

          aggregate supply can cause booms and recessions using the model of aggregate

          demand and aggregate supply.
      • Explain how monetary policy affects interest rates and aggregate demand.
      • Analyze how fiscal policy affects interest rates and aggregate demand.
      • Evaluate why policymakers face a short-run trade-off between inflation and

          unemployment.
      • Evaluate why the inflation-unemployment trade-off disappears in the long run.
Cite a minimum of 3 peer-reviewed sources not including your textbook.
Format consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.

 

**********BONUS FILES INCLUDED**********

International Economics Paper

Option #1:   1.019 words! WALMART

Option #2:   872 words! MICROSOFT

Option #3:   1,292 words! APPLE

**All 3 Options Included in Tutorial**
Select an organization that both U.S. and international presences.
Write a 1,050- to 1,400-word paper in which you answer address the following:

  • What does the president and congress do to stimulate the economy?
  • What does the president and congress do to contract the economy?
  • What does the Federal Reserve do to stimulate the economy? What does the Federal Reserve do to contract the economy?
  • What motivates policymakers to stimulate the economy or contract the economy?
  • Based on your research, what does the Federal Reserve say about its policy goals?
  • What does the Federal Reserve say about the strength of the economy?
  • How does the strength of other economies outside of the U.S. affect your organization?
  • Based on your research, recommend changes in your organization's competitive strategies or supply chain.

Use a minimum of 3 peer reviewed sources not including your textbook.
Click the Assignment Files tab to submit your assignment.

 

Week 4 Knowledge Check

1. In the long-run framework, budget surpluses

2. The budget deficit or surplus is

3. Deficits and surpluses are best viewed as

4. Suppose the government increases spending by $30 billion and raises taxes at by $20 billion at the same time. Then,

5. Because automatic stabilizers lower transfer payments and raise tax receipts as an economy recovers from a recession, they

6. Most of the government budget is mandatory spending through programs like Medicare and Social Security, and much of the rest is politically difficult to alter. Because of this,

ECO/372 Week 5 Principles of Macroeconomics



Major Debates over Macroeconomic Policy
Select two subjects from the following list of topics and write a 1,050- word analysis:
• Active monetary and fiscal policy
• Increased government spending to fight recessions
• Reducing federal government's discretionary powers
• Zero-inflation target
• Balanced government budget
• Tax incentives for saving PLUS FINAL EXAM ECO372 - BRAND NEW TUTORIALS!
ECO/372 Week 5 Principles of Macroeconomics



Major Debates over Macroeconomic Policy
Select two subjects from the following list of topics and write a 1,050- word analysis:
• Active monetary and fiscal policy
• Increased government spending to fight recessions
• Reducing federal government's discretionary powers
• Zero-inflation target
• Balanced government budget
• Tax incentives for saving PLUS FINAL EXAM ECO372 - BRAND NEW TUTORIALS!
ECO/372 Week 5 Principles of Macroeconomics



Major Debates over Macroeconomic Policy
Select two subjects from the following list of topics and write a 1,050- word analysis:
• Active monetary and fiscal policy
• Increased government spending to fight recessions
• Reducing federal government's discretionary powers
• Zero-inflation target
• Balanced government budget
• Tax incentives for saving PLUS FINAL EXAM ECO372 - BRAND NEW TUTORIALS!
ECO/372 WEEK 5 Major Debates over Macroeconomic Policy
Select two subjects from the following list of topics and write a 1,050- word analysis:
• Active monetary and fiscal policy
• Increased government spending to fight recessions
• Reducing federal government's discretionary powers
• Zero-inflation target
• Balanced government budget
• Tax incentives for saving

ECO/372 Week 5 Principles of Macroeconomics

 

Major Debates over Macroeconomic Policy

Option #1: 1,297 words! A+ Work!

Option #2: 1,238 words! A+ Work!

This week requires the student to address six unresolved issues in macroeconomics, each of which is central to current political debates. Students are required to use information and tools that they have accumulated in their study of the text and evaluate both sides of those issues, determine which side they can support for each issue, and defent their positions.

Assignment Steps

Select two subjects from the following list of topics and write a 1,050- word analysis:
      • Active monetary and fiscal policy
      • Increased government spending to fight recessions
      • Reducing federal government's discretionary powers
      • Zero-inflation target
      • Balanced government budget
      • Tax incentives for saving
Evaluate both the advocates' position and the critics' position.
Determine which position you support and defend your position.
Cite a minimum of 3 peer-reviewed sources not including your textbook.
Format consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.

 

**BONUS FILES INCLUDED**

Deficit and Debt Presentation

2 Presentations Included

Create a 15- to 18-slide PowerPoint presentation including detailed speaker notes in which you include the following:

Research the direction of monetary policy over the last 3-5 years.
Has the money supply increased or decreased? Explain. Have interest rates increased or decreased? Explain.

  • Describe the impact of these monetary policies on the U.S. economy.
  • Describe the impact of these monetary policies on your team's selected organization.
  • Have events in the economies of other countries impacted the U.S. economy? If so, explain.
  • What are expectations regarding the strength of the U.S. economy in the next 2 years?
  • How do changes in the value of the U.S. dollar impact your selected organization?
  • Make recommendations for your organization regarding how to best compete in the expected global economy.
 


Final Examination

(3 Different Final Exams with Correct Answers Included)

Included 3 Different Final Exams for this class! 

NOTE: Questions may be in a different order, but they should all be included.
Complete the Final Examination. You are allowed one attempt to complete the examination, which is timed and must be completed in 3 hours. Results are auto graded and sent to your instructor.

 

Set#1

1.  Suppose farmers can use their land to grow either wheat or corn. The law of supply predicts that an increase in the market price of wheat will cause:

2.  According to Keynes, market economies:

3.  If banks hold excess reserves whereas before they did not, the money multiplier:

4.  The law of demand states that quantity demanded of a good is inversely related to the price of that good. Therefore, as the price of a good goes:

5.  What would make foreigners want to buy more from the United States?

6.  Between 2007 and 2009, the U.S. unemployment rate rose from under 5 percent to over 8 percent. A Keynesian economist would most likely blame this increase in unemployment on:

7.  Macroeconomics is: 

8.  Which of the following is the path through which contractionary monetary policy works?

9.  Quotas and tariffs can:

10.  According to the Classical growth model, an economy that increases its saving will grow:

11.  If a country wants to prevent its exchange rates from falling, it could: 

12.  If income increases more rapidly than expected, then:

13.  Which of the following types of unemployment is considered to be the most controllable through demand-side macroeconomic policy?

14.  Using the expenditure approach, gross domestic product equals:

15.  Which of the following topics is best characterized as a macroeconomic issue?

16.  In which of the following situations is a budget surplus most likely to occur?

17.  How do investment in technology and investment in capital differ?

18.  Suppose that consumer spending is expected to decrease in the near future. If output is at potential output, which of the following policies is most appropriate according to the AS/AD model?

19.  Central banks are responsible for:

20.  The interest rate is the price paid for use of a:

21.  The largest expenditure component of GDP is:

22.  The government of Crossland wants to influence its exchange rate. It will do so by buying and selling:

23.  Globalization that allows governments to pursue expansionary policies can be dangerous because it can lead to:

24.  The depreciation of currency will:

25.  When interest rates rise, people are:

26. As a country develops economically, what changes usually take place in the goods it exports?

27.  News Story: Workers at a car-manufacturing plant in Flint, Michigan are laid off because the economy is weak and GM cars aren't selling well. GM isn't sure when the plant will reopen. What type of unemployment describes the workers' situation?

28.  If the reserve requirement is 20 percent, and banks keep no excess reserves, an increase in an initial inflow of $100 into the banking system will cause an increase in the money supply of:

29. According to Keynes, why might deflation create problems for an economy?

30. U.S. imports involve an:

 

Set #2

1.  News Story: Workers at a car-manufacturing plant in Flint, Michigan are laid off because the economy is weak and GM cars aren't selling well. GM isn't sure when the plant will reopen. What type of unemployment describes the workers' situation?

2. Globalization that allows governments to pursue expansionary policies can be dangerous because it can lead to:

3. Macroeconomics is:

4. Which of the following types of unemployment is considered to be the most controllable through demand-side macroeconomic policy?

5. If banks hold excess reserves whereas before they did not, the money multiplier:

6. Using the expenditure approach, gross domestic product equals:

7. How do investment in technology and investment in capital differ?

8. The interest rate is the price paid for use of a:

9. If the reserve requirement is 20 percent, and banks keep no excess reserves, an increase in an initial inflow of $100 into the banking system will cause an increase in the money supply of:

10. Suppose farmers can use their land to grown either wheat or corn. The law of supply predicts that an increase in the market price of wheat will cause:

11. According to Keynes, why might deflation create problems for an economy?

12. When interest rates rise, people are:

13. According to the Classical growth model, an economy that increases its saving will grow:

14. Suppose that consumer spending is expected to decrease in the near future. If output is at potential output, which of the following policies is most appropriate according to the AS/AD model?

15. Which of the following topics is best characterized as a macroeconomic issue?

16. If income increases more rapidly than expected, then:

17. In which of the following situations is a budget surplus most likely to occur?

18. The largest expenditure component of GDP is:

19. Which of the following is the path through which contractionary monetary policy works?

20. As a country develops economically, what changes usually take place in the goods it exports?

21. What would make foreigners want to buy more from the United States?

22. The depreciation of currency will:

23. The government of Crossland wants to influence its exchange rate. It will do so by buying and selling:

24. If a country wants to prevent its exchange rates from falling, it could:

25. Central banks are responsible for:

26. Quotas and tariffs can:

27. Between 2007 and 2009, the U.S. unemployment rate rose from under 5 percent to over 8 percent. A Keynesian economist would most likely blame this increase in unemployment on:

28. U.S. imports involve an:

29. The law of demand states that quantity demanded of a good is inversely related to the price of that good. Therefore, as the price of a good goes:

30. According to Keynes, market economies:

 

Set #3

1.  the market where business sell goods and services to households and the government is called

2.  Real gross domestic product is best defined as

3.  Underemployment includes

4.  The bureau of economic analysis is responsible for which of the following

5.  The federal reserve provides which of the following data

6.  Consider if the government instituted a 10% income tax surcharge. In terms of the AS/AD model this change should have

7.  The largest source of household income is in the U.S. is obtainedstock dividends

8.  If the depreciation of a country’s currency increases it aggregate expenditures by 20, the AD curve will

9.  Aggregate demand management policies are designed most directly to

10.  Suppose that consumer spending is expected to decrease in the near future. If output is at potential output, which of the following policies is most appropriate according to the AS/AD model

11.  According to Keynes, market economies

12.  The laissez-faire policy prescription to eliminate unemployment was to

13.  In the AS/AD model, an expansionary monetary policy has the greatest effect on the price level when it

14.  The Federal funds rate

15.  What tool of monetary policy will the Federal Reserve use to increase the federal funds rate from 1% to 1.25%?

16.  If the Federal Reserve increases the required reserves, financial institutions will likely lend out

17.  Suppose the money multiplier in the U.S. is 3. Suppose further that if the Federal Reserve changes the discount rate by 1 percentage point, banks change their reserves by 300. To increase the money supply by 2700 the Federal Reserve should

18. If the Federal Reserve reduced its reserve requirement from 6.5 percent to 5 percent. This policy would most likely

19. A country can have a trade deficit as long as it can

20. In the short run, a trade deficit allows more consumption, but in the long run, a trade deficit is a problem because

21. Considering an economy with a current trade deficit and considering only the direct effect on income, an expansionary monetary policy tends to

22. The balance of trade measures the

23. When a country runs a trade deficit, it does so by:

24. Expansionary fiscal policy tends to

25. In considering the net effect of expansionary fiscal policy on the trade deficit, the

26. If U.S. interest rates fall relative to Japanese interest rates and Japanese inflation falls relative to U.S. inflation, then the

27. Expansionary monetary policy tends to

28. The U.S. has limits on Chinese textile imports. Such limits are an example of

29. Duties imposed by the U.S. government on imported Chinese frozen and canned shrimp are an example of

 

**BONUS FILE INCLUDED - WEEK 5 KNOWLEDGE CHECK**

1. In the U.S. current account, most of the trade deficit results from an excess of imported

2. What is the difference between the balance of trade and the balance of payments?

3. If a government has implemented significantly higher trade tariffs, but does not want this action to affect the value of its currency, it will

4. During 2007, the United States and Japan announced possible limits on Chinese imports through higher tariff rates on Chinese products. To avoid these limits, China would have to

5. If a country wants to prevent its exchange rate from falling, it could

6. All other things being equal, an increase in trade restrictions on imports will

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