代写 economic assignment 澳洲经济学作业

Answer any 4 questions (each question is worth 5 points)
1.    Ch.2. Consider the following hypothetical prices of foreign currencies vis-à-vis the Canadian dollar:
Currency            $1995 price              $2001 price
 
Euro                   $1.37                  $1.67
U.S. dollar         $1.54                  $1.67
Japanese Yen  $161.54              $170.83
Australian dollar      $1.2                    $1.15
 
Suppose Canada trades only with these four countries, and the volume of trade is equally spread across the countries.  Calculate the overall nominal exchange-rate index for 2001 that corresponds with these figures, using 1995 as a base year
 
2.    Ch. 2. Are you, as a Canadian consumer, better or worse off if the dollar appreciates vis-à-vis the currencies of the rest of the world?  Are you, as a Canadian manufacturer, better or worse off?  Might it matter what type of manufacturer you are?  Briefly defend your responses to each question
 
3.    Ch. 6. Assume that a reduction in G led to the federal government budget surplus. How will this affect: the interest rate, exchange rate, imports and exports?
 

4. Ch. 8. Consider a modification of the planned expenditures model in which government transfer payments are included in the model.  Suppose these payments are determined independently of income: they are exogenous and fixed.  These represent payments by the government that augment the disposable income of individuals; the relevant expression for disposable income thus becomes

Y^D = TR + (1 – t) Y.
Incorporate this modified definition of Y^D into the consumption function, and use the resulting consumption function to derive the planned expenditures function (E as a function of Y) in this case.
5.    Ch. 9. Compare the impact of a tax cut under two versions of the IS-LM model: the version under which the central bank maintains an interest-rate target, and the version under which the central bank maintains a monetary target.  What accounts for the differing impacts on Y? Use the IS-LM graph to show your results.
 
6.    Ch. 9. In the context of the IS-LM model, suppose the government’s budget is initially balanced, and exports exactly equal imports.  Characterize the impact on the trade balance of a surge in government expenditures G that results in a government budget deficit. Use the IS-LM graph to show the impact of the increase in government expenditures G.
 

代写 economic assignment 澳洲经济学作业