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For example, suppose the Fed were required to conduct monetary policy for holding the unemployment rate below 4%, the goal specified in the...
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Suppose the Fed were required to conduct monetary policy so as to hold the unemployment rate below 4%, the goal specified in the Humphrey-Hawkins...
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As the Chinese economy grows, car sales are rising exponentially.
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Seth could consume $120 next year if he saved all his current earnings. He expects to earn nothing next year. The intertemporal budget constraint for...
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Week 03 Discussion - U. Budget Deficit Visit the website of the Congressional Budget Office (http://www.gov) and find the U. Federal deficit...
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I need to submit a substantive, quality follow-up responses to my classmates' initial answers.
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Demand for a good is given by P=72. Supply is given by P=13. Find the equilibrium quantity (Q) 2. Demand for a good is given by P=22. The Supply...
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How Many Book Stores?
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Review the following scenario: You work for a formal organization in the United States that has an open, flexible organizational structure as...
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Consider the same short-term interest rates as in problem 4 above. If the yield on a discount bond that matures in 4 years is 9.
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Tesla. You've been hired by the president of Tesla to provide some economic analysis of responses to a recent fire in their electric car.
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Let us connect economic theory to actual events. Find an article in a recent newspaper or magazine illustrating a change that will affect national...
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Suppose the government sets a target price of $5 per bushel for any quantity supplied up to 1,000 bushels. How many bushels of corn are purchased by
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In the city of New York, plumbers have the option of joining a union or working as a non-union plumber. Suppose the total short-run supply of...
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7. If the reserve requirement (rr) is 0.2, the currency deposit ratio, C, is 0.05 and the excess reserve ratio (e) is 0.15, what is the money
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The potential output is $800 billion. The required reserves ratio is 5%. If the current real GDP is $740 billion, then the central bank would attempt...
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shows the interest rate on the vertical axis and the quamity of, l V- - ' in the level of real GDP will cause a movement from:
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"you are chairperson of a state commission responsible for establishing a program to raise new revenue throug excise taxes.
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What fundamental difference can you identify between the philosophies of Adam Smith and Karl Marx?
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Unlike a pure monopoly firm, a monopolistically competitive firm: produces a standardized good or service. makes a positive economic profit in the...
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"The growth of consumer information organizations, legal requirements, and warranty requirements has caused significant increases in the cost of...
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) Suppose Perry earns a wage of $18/hour, a $0/week endowment, and can set his own schedule.
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Answer the following questions using the aggregate expenditures model of the economy described below. C = 90 + .7Yd, T = 50 + .2Y, Ia = 36, Ga = 45,...
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Under perfect competition, where in the long run firms earn zero economic profit, do sellers have a preference of earning zero economic profit with
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Suppose there is a set of patients whose expected costs are uniformly distributed between $2000 and $7000and each of these patients is willing to pay...
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Which of the following is the underlying reason for the law of increasing opportunity cost?
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Identify and define three components of a country's balance of payments?
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Suppose the spot foreign exchange rate of the Canadian dollar is $US 1.53, while its 12-month forward rate is $US 1. One-year interest rates are 6%...
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Let's explore the business of Farmer Ted. The farmer has two fixed inputs that he owns:
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For the question below, write an explanation of the short-run effect (including the determinant of AD or AS that is causing the shift, the line that
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The 1-year interest rates for the next five years are expected to be 4%, 3%, 6%, 5%, and 7%, respectively. The 3-year term premium is 1%. The 4-year...
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Describe the two basic strategies of unions in increasing wage rates for their members.
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If the Federal Reserve increases the money supply, then initially people want to sell bonds so the interest rate rises. sell bonds so the interest...
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A gasoline station very near a professional football stadium parks cars on its lot to make money on game days. Last year it charged $4.
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For a developing country to grow, it needs capital.
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At a price of $1,192,057, the Bugatti Veyron may be the most expensive street legal car currently on the market today.
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Some people claim that the "economic way of thinking" does not apply to issue such as health care. Explain how economics does apply to this issue by...
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please answer with detail on how you arrived to the conclusion The demand for good X has been estimated by Q X d - 3P X + 4P Y . Suppose that good X
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You are the recently elected president of the Gamma country, a developing country that is still producing way below the full capacity.
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Use the IS-LM model to analyse the short-run effect of a financial crisis and assume that the economy is initially at a medium-run equilibrium, Y...
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t one time were victimless crimes that are no longer criminal? What are some examples of behavior that were not victimless crimes that now are crimes?...
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A study found that in California, where car vanity license plates cost $28.75, the elasticity of demand was 0. In Massachusetts, where vanity plates...
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Problem: Let's say you are a macroeconomic policy maker and you want to increase national savings. You have control over government spending and...
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Assume aggregate consumer spending equals $5,000 when aggregate disposable income is zero, and when disposable income increases from $300 to $400,...
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A) an increase in capital of 10% B) an increase in population C) an increase in technology D) both capital and labor increase by 10% E) capital and...
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ROUND ALL YOUR ANSWERS TO ONE DECIMAL PLACE. The total cost curve of each firm in a perfectly competitive industry is given to be:
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if there is a tax on buyers, the demand curve will shift.
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Figure 2.1 (Figure 2.1) Suppose that Amanda has an income of $80,000, but if her business burns down, her income drops to $20,000. a. What is
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Holding other factors constant, the ratio of government debt to GDP can decrease as a result of any of the following changes except: -decreases in...
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John makes $50 a day at his job and spends his entire daily income on apple and orange juices. Apple and orange juices are perfect substitutes for...
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