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What does “lender of last resort” mean?
Summarize the role of monetary policy in contributing to the crisis.

Compare the costs and benefits to society of central bank independence.’

Why were the estimates of full-employment levels of unemployment so important?

What does “disinflation” mean? Is it desirable? Why or why not

Define the term “Great Moderation”. Give examples of its characteristics?
Compare the costs and benefits to society of central bank independence.’

Describe the characteristics of the decline in lending standards.
What does “disinflation” mean? Is it desirable? Why or why not?


Define the term “Great Moderation”. Give examples of its characteristics?



Why were the estimates of full-employment levels of unemployment so important?


Compare the costs and benefits to society of central bank independence.’
Q.NO:2
When does demand-pull inflation occur?
Identify and explain the four (4) causes of demand-pull inflation .

Q.NO:3
Define productivity. List and briefly explain the determinants of productivity?
For the given data calculate the nominal and real economic growth rate for the given years .Also calculate the gdp deflator for the given data. (Assume 1997 as base year.)
year apples computers pizza
price quantity price quantity price quantity
1997 $0.45 475 $1100 70 $7 380
1998 $0.48 510 $1050 85 $8 390
1999 $0.50 500 $1000 100 $9 400
please tell me best topic for macroeconomics documentary
Q.
Differentiate b/w GDP and GNP .What components of GDP if any would each of the following transactions effect? Explain
1. A family buys new refrigerator
2. Anny buys a new house
3. Ford sells a Mustang from its inventory
4. You buy one dozen eggs.
5. Honda expands its factory in Ohio.
"Cost function expresses the relationship between the cost and its determinants." Discuss this statement giving examples from any firm of your choice.
Test the significance of variation of the retail prices of the commodity in three principle cities; Bombay, Kolkata and Delhi. The four shops were chosen at random in each city and prices observed in rupees were as follows
Bombay 16 8 12 14
Kolkata 14 10 10 6
Delhi 4 10 8 8
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