Distinguish between the following concepts as they apply to Elements of Macroeconomics. Give examples to support your answers a. Monetary Policy and Fiscal Policy b. Fixed Exchange Rate and Floating Exchange Rate

Question 41 In addition to economic dimensions, globalization has_ and dimensions. O political; social clerical; art history O friendly; unfriendly chemical; biological accounting; intuitive

A broader definition of macroeconomics and its relationship with the level of production, unemployment and inflation of a country.

Image A is typical of images emphasizing the economic consequences of globalization. Does globalization appear to be a force that is subject to human control, why or why not? How would you define globalization? Compare image A with image B. Is there a connection between the accelerating flows of money and goods and restrictions on the movement of people? In image C, the woman's medical mask names globalization as the enemy of workers. What does this say about the local conflict over the conditions of labor in a globalized economy?  *******ANSWER QUESTION 3********

1 True/false questions Give a one sentence justification. 1. Adjusting for purchasing power parity tends to increase the measured income differences be- tween poor and rich countries. 2. According to the Malthusian model, an increase in productivity will lead to a larger population in the long run, but won't affect the level of income per capita in the long-run. 3. The decline in child mortality is the leading explanation for the decrease in fertility during the demographic transition. 4. Suppose that unobservable climate characteristics predict both the number of domesticable animal species and population density. Then the number of domesticable animals in a region doesn't satisfy condition 1 (relevance for being an instrumental variable for the number of years since the Neolithic transition.

For this question, treat the countries listed in each row as the home country, and treat the United States as the foreign country. Suppose the cost of the market basket in the United States is PUS = $190. Check to see whether PPP holds for each of the countries listed and determine whether we should expect a real appreciate or real depreciation for each country (relative to the United States) in the long run.   You can fill out your answers in the table directly but please show how you worked out the problem for Brazil using the space below the table. Round your answers to 2 decimal places if necessary.     Country (currency measured in FX units) Per $ (EFX/$) Price of Market Basket (in FX) Price of U.S. Basket in FX          (PUSx EFX/$) Real Exchange Rate qcountry/US Does PPP Hold? (yes or no) Is FX Currency Overvalued or Undervalued? Is FX Currency Expected to Have Real Appreciation or Depreciation? Brazil (real) 4.07 520           India…

The two factors that affect the pace and direction of Globalization are: a. Money and Labor cost b. Technology and Money c. Labor Cost and Government policy d. Technology and Government policy