求宏观经济达人帮忙解决一下10道英文的初级宏观经济问题~ 可以回答中文啊~最好是英文啦~多谢~！！！！！1.Economic growth is often studied in macroeconomic terms, but in a market economy,

who makes the decisions that lead to growth? what kinds of decisions and what kinds

of actions cause growth to occur?How might a detailed study of individual markets

be relevant to understanding economic growth?‘



2."The case for economic growth is that is that it gives man greater control over

his environment, and consequently increases his freedom."Explain why you agree or

disagree with this statement by Nobel laureate W.Arthur Lewis.




3.In this chapter we discussed four fundamental determinants of growth in real

output :increases in the labour force;increases in the stock of physical

capital;increases in human capital;and improvements in technology. For each of the

four,give an example of a government policy that is likely to increase

growth.Discuss also the likely cost associated with each policy.Does one of ur

proposed policies appear better(in a cost-benefit sense)than the others?




4.A canadian who receives a U.S. coin has the option of spending it at face value

or taking it to the bank and converting it to Canadian money at the going rate of

exchange.When the rate of exchange was near par(in the early 1970s),so that $1

canadian was within 3 cents of U.S.$1,U.S. and Canadian coins circulated side by

side,exchanged at face value. Use Gresham's law to predict which coinage

disappeared from circulation in Canda when the Canadian dollar fell to U.S.$0.67 in

the late 1990s. why did a 3-cent differential not produce this result?



5.If all depositors tried to turn their depositis into cash at once,they would find

that there are not sufficient reserves in the system to allow all of them to do

this the same time.Why then do we not still have panickey runs on the banks?Would

it be better for the Bank of Canada to impose a 100 precent reserve requirement?

what effect would such a reserve requirement have on the banking system's ability

to create money? Would it predclude any possibility of a panic?



6.Compared to a few years ago, credit and bank cards are used extensively today to

facilitate purchase of goods and services all over the world. Does this distort the

true measure of money in the economy? Should credit and bank cards be incorporated

in the definitions of M1 or M2?




7.Historically, construction of new houses has been one of the most interest-

sensitive categories of aggregate expenditure. Recently, the financial press has

carried a number of stories suggesting that because of financial deregulation and

innovations in housing finance, this interest sensitivity has apparently decreased.

If this is true, what are the implications for monetary policy？




8. Suppose you alone know that the Bank of Canada is going to engage in policies

that will raise interest rates sharply, starting next month. How might you make

profits by purchases or sales of bonds now, with the intention to sell in a few

months's time?




9.It is often said that an expansionary monetary policy is like "pushing on a

string." What is meant  by this statement? How does this contrast with a

contractionary monetary policy?




10.In the last few years, the path of CPI inflation has deviated from the path of

core inflation several times Why is core inflation less volatile than CPI

inflation, and why might the Bank focus more on core inflation during some periods?