Multiple Problems

For Help with Multiple Homework Problems, Ask an Expert

Please answer the following five questions.1. Suppose we have 2 countries - Gold Coast and Silver Coast. The following table represents the nominal GDPs of both countries between 2008 and 2010. (For both countries, the base year is 2007.)YEAR Nominal GDP
(Gold Coast) GDP Deflator
(Gold Coast) Nominal GDP
(Silver Coast) GDP Deflator
(Silver Coast)
2008 \$8000 102 \$8000(###) ###-####\$8500 110 \$8000 99
2010 \$9000 115 \$8500 98a. Compute Real GDP for each year for both countries.
The Change in the money supply would be \$63 billion for the Gold Coast and \$104b. Calculate the growth rates in real GDP for the periods 2008-2009 and 2009-2010 for both countries.
c. Compute the inflation rate for the periods 2008-2009 and 2009 and 2010 for both countries.
d. Explain in words the key differences in the macroeconomic experiences of Gold Coast and Silver Coast.2. Suppose economic managers of the US economy wish to expand output by \$10 billion. The managers know that the marginal propensity to consume is .5 and that only the marginal propensity to consume determines the value of the multiplier. Given these data and the goal of expanding output by \$10 billion, by how much should the government expand aggregate demand through the use of fiscal policy? Describe two different types of fiscal policy that might accomplish this goal.3. Assume the Fed wants to contract economic activity because it is concerned about inflationary pressures. Explain what type of open market operations the Fed will initiate in order to accomplish this goal. If the mandated reserve ratio is 20%, and the Fed initially changes the money supply by \$50 million as a result of its activities, what will be the total change in the money supply? Will the money supply be expanded or reduced?4. Use the following Aggregate Supply – Aggregate Demand diagram as a starting point for your analysis.PY(real)a. Label the curves.
b. The Government decides to increase payroll taxes in order to improve the finances of the social security system. What will happen to the short-term output and price level of the economy?
c. Nominal wages rise by 4%, while labor productivity rises by six percent. What will happen to the short-term output and price level of the economy?
d. As a result of bank failures in Spain and the inability of the Italian government to borrow money at low rates to fund its government debt, economic activity sharply declines throughout the Euro zone. What will happen to the short-run output and price level of the American economy?5. Use the following data to find the unemployment rate and the labor force participation rate for the years 1992 and 1996. (These data are taken from the Economic Report of the President, 2013.)Year Number of people unemployed Number of people employed Number of people who could be in labor force
1992 9.6 million 118.5 million 192.8 million
1996 7.2 million 126.7 million 200.6 millionAfter finding these answers, evaluate in one or two sentences how the labor market was performing between 1992 and 1996.
Show More
Show Less
8/15/2017
Dr. Donna Kakonge, Retired College Professor
Category: Multiple Problems
Satisfied Customers: 1,085
Experience: Owner at Donna Kay Kakonge, MA, ABD
Verified

Dear Customer,

Customer reply replied 11 months ago
tomorrow morning

Dear Customer,

That sounds great! All the questions are organized now and clear?

Customer reply replied 11 months ago
i have attached the word doc questions in the posting

Dear Customer,

Thank you. I will make you a small offer so that we can correspond via email so that the answers will not show up with Turnitin. Thank you.

Dr. Donna Kakonge, Retired College Professor
Category: Multiple Problems
Satisfied Customers: 1,085
Experience: Owner at Donna Kay Kakonge, MA, ABD
Verified

Dear Customer,

Thank you for accepting my offer. I will email you right now regarding this assignment.

Thank you so much!

Describe your issueThe assistant will guide you
100% satisfaction guaranteeGet all the answers you need
Dr. Donna Kakonge, Retired College Professor
Category: Multiple Problems
Satisfied Customers: 1,085
1,085 Satisfied Customers
Experience: Owner at Donna Kay Kakonge, MA, ABD

Dr. Donna Kakonge is online now

A new question is answered every 9 seconds

• Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
• Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

## What Customers are Saying:

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

JustinKernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.

EstherWoodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.

RobinElkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.

DianeDallas, TX

< Previous | Next >

## Meet the Experts:

linda_us

Master's Degree

1,402 satisfied customers

A tutor for Business, Finance, Accounts and other related topics.

F. Naz

B.Com

1,109 satisfied customers

have completed B.Com and CA Finalist

Manal Elkhoshkhany

Bachelor's Degree

936 satisfied customers

Completed by BA degree in 1988 and graduated with a GPA of 4.0

Mr. Gregory White

Master's Degree

874 satisfied customers

M.A., M.S. Education / Educational Administration

Bizhelp

CPA

539 satisfied customers

BA degree and Certified Public Accountant

MyVirtualCPA

Master's Degree

155 satisfied customers

Dimitry K., Esq.

Doctoral Degree

39 satisfied customers

< Previous | Next >

Related Multiple Problems Questions
1. Suppose we have 2 countries - Gold Coast and Silver
1. Suppose we have 2 countries - Gold Coast and Silver Coast. The following table represents the nominal GDPs of both countries between 2008 and 2010. (For both countries, the base year is 2007.) YEAR… read more
Dr. Donna Kakonge
Retired College Professor
Doctor of Education
1,085 satisfied customers
Can you help me answers those questions? (TCO 1) Opportunity cost is best defined as (P
Can you help me answers those questions? (TCO 1) Opportunity cost is best defined as (Points : 4) marginal cost minus marginal benefit. the time spent on an economic activity. the value of the best fo… read more
linda_us
Master's Degree
Master's Degree
1,402 satisfied customers
In the short run, aggregate demand in a country will
In the short run, aggregate demand in a country will increase if there is an increase in the: a. tax rates in the country. b. money supply of the country. c. prices of resources in the country. d. lev… read more
Ellen
Attorney
Doctoral Degree
649 satisfied customers
3. (TCO 5) A fall in labor costs will cause aggregate
3. (TCO 5) A fall in labor costs will cause aggregate a. supply to increase b. demand to increase c. supply to decrease d. demand to decrease 5. (TCO 6) with an MPS of .3, the MPC will be a. 1-.3 b. .… read more
linda_us
Master's Degree
Master's Degree
1,402 satisfied customers
1. If personal taxes were decreased and resource productivity
1. If personal taxes were decreased and resource productivity increased simultaneously, the equilibrium _____. a) output would rise b) price level would necessarily fall c) output would fall d) price … read more
MyVirtualCPA
Master's Degree
Master's Degree
155 satisfied customers
1. On June 5, 2003 the European Central Bank acted to decrease
1. On June 5, 2003 the European Central Bank acted to decrease the short-term interest rate in Europe by half a percentage point, to 2 percent. The bank's president at the time, Willem Duisenberg, sug… read more
Mr. Gregory White
Master's Degree
Master's Degree
874 satisfied customers
1. (TCO 5) An increase in expected future income will (Points
1. (TCO 5) An increase in expected future income will (Points : 4) increase aggregate demand and aggregate supply. decrease aggregate demand and aggregate supply. increase aggregate supply. increase a… read more
linda_us
Master's Degree
Master's Degree
1,402 satisfied customers
1. The Federal Reserve a. is a federal government agency
1. The Federal Reserve a. is a federal government agency supervised by the Treasury Department. b. is a quasi-public organization. c. is a private bank whose main goal is to maximize profits. d. has a… read more
Ellen
Attorney
Doctoral Degree
649 satisfied customers
I have 168 macroeconomics questions I need assistance with.
I have 168 macroeconomics questions I need assistance with. Please let me know if you would be able to assist?… read more
linda_us
Master's Degree
Master's Degree
1,402 satisfied customers
A profit-maximizing firm in the short run will expand output
9. (TCO 2) A profit-maximizing firm in the short run will expand output until marginal cost begins to rise. until total revenue equals total cost. until marginal cost equals average variable cost. as … read more
linda_us
Master's Degree
Master's Degree
1,402 satisfied customers
An increase in aggregate demand is most likely to be caused
An increase in aggregate demand is most likely to be caused by a decrease in (Points : 4) the wealth of consumers. consumer and business confidence. expected returns on investment. the tax rates on ho… read more
getsetgo
Master\u0027s Degree
496 satisfied customers
21) Expansionary fiscal policy is so named because it
21) Expansionary fiscal policy is so named because it A. involves an expansion of the nation's money supply B. can only be attained by expanding government consumption C. is aimed at achieving greater… read more
KellyV2012
Bachelor\u0027s Degree
305 satisfied customers
for weblaw- Here is 1-10 Question 1 of 20 5.0 Points At
for weblaw- Here is 1-10 Question 1 of 20 5.0 Points At equilibrium GDP: A. savings = investment, but aggregate demand does not equal aggregate supply. B. savings = investment and aggregate demand = a… read more
Ellen
Attorney
Doctoral Degree
649 satisfied customers
For Linda Try to get these to me in about 12 minutes Question
For Linda Try to get these to me in about 12 minutes Question 1 Barriers to entry: A. do not affect the number of firms in an industry. B. exist only in perfectly competitive markets. C. restrict the … read more
linda_us
Master's Degree
Master's Degree
1,402 satisfied customers
Hello TeacherGreg. I see that you have already answered this question for someone. I would like to use your services as well. 1. Determine whether each of the following is counted in the M1 measure of… read more
Mr. Gregory White
Master's Degree
Master's Degree
874 satisfied customers
For Linda:can you go over some questions? If so, please send
For Linda:can you go over some questions? If so, please send me the link, I would like to send you 5 questions.… read more
linda_us
Master's Degree
Master's Degree
1,402 satisfied customers
Proponents of the managed floating exchange rate system argue
(TCO 9) In the balance of payments statement, a current account surplus will be matched by a (Points : 4) capital and financial accounts deficit. capital and financial accounts surplus. trade deficit.… read more
Expert
A company that cuts and packages paper for photocopiers and
A company that cuts and packages paper for photocopiers and printers may buy a paper mill to reduce the risk of paper shortages, using a strategy of enterprise management. disruption management. outso… read more
Bizhelp
CPA
Bachelor's Degree
539 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less