experttutor

“An inverted yield curve is a good predictor of US recessions”.Discuss the validity of this statement and explain in detail your reasoning.

What is the difference between a change in demand versus a change in quantity demanded? A change in supply versus a change in quantity supplied? Why is it so important to differentiate between these similar-sounding terms?

The slope of a line is equal to

a.

the change in the value of y divided by the change in the value of x.

b.

the change in the value of x divided by the change in the value of y.

c.

the value of y divided by the value of x.

d.

the horizontal distance divided by the vertical distance.

What is the most important monetary policy tool of the Federal Reserve? Why?

In what ways are joint ventures and syndicates alike? In what ways do they differ?

Economic models
​a. are essential representations of the real world
​b. are used to explain how people behave
​c. are used to explain how people think
​d. are never used for making economic projections or predictions

What is the Friedman Rule? Explain the intuition behind the Friedman rule.

If the price of an input rises, producers are willing to produce

A. More output at each given price of the product.

B. Less output at each given price of the product.

C. The Same output at each given price of the product.

D. None of the statements associated with this qustion are correct.

If the federal government were to run a budget deficit, this would:

a. reduce the size of the national debt.
b. leave the size of the national debt unchanged.
c. increase the national debt only if the government also expands the supply of money.
d. increase the size of the national debt.

Why do cotton growers spend billions of dollars to dam rivers and transport water hundreds of miles to grow cotton in California deserts?
A. Cotton growers in California don't pay payroll taxes.
B. The water used to grow California cotton is highly subsidized by the government.
C. Cotton growers in California are mostly operated as nonprofit enterprises.
D. The water used to grow California cotton is high in mineral contents, making for a bigger cotton yield.

If the government imposes a commodity tax on the buyers of a good, which of the following describes the change to the market?

The slope of the investment demand funtion indicates how sensitive investment is to changes in real interest rates. The "flatter" the investment demand function, the less sensitive investment is to changes in the real rate of interest, all else constant.

A) True

B) False

The unemployment rate:

a. Underestimates unemployment because of discouraged workers.

b. Underestimates unemployment because of voluntary unemployment.

c. Overestimates unemployment because of voluntary unemployment.

d. Overestimates unemployment because of discouraged workers.

Government action is based on majority rule, whereas market action is based on mutual consent. The market allows for proportional representation of minorities, but minorities must yield to the views of the majority when activities are undertaken through government.