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1. Describe the two things that limit the precision of the Fed's control of the money supply and explain how each limits that control.
2. Why do Federal Reserve Board of Governors have long (14 year) terms?
3. Why is the Chairman of the Federal Reserve often referred to as the “second most powerful person in the United States?”
4. Name three actions the Fed can take to increase the money supply.
5. When the Fed purchases government bonds the money supply and the federal funds rate.
If the regulator wants to use a transferable emission permit scheme to achieve industry abatement of 50%: How many permits will it need to issue? If each firm receives one -half of the permits at no charge initially, explain what permit trading will ..
An important way to reduce water pollution from farms is to plant a buffer zone between crops and the water. Economists estimate that for each bush there is a $20 gain in reduced pollution. What is the market clearing equilibrium price and quantity?
How does the short-run Phillips curve reflect a financial crisis as the one in 2008-2009?
A manufacturing firm is trying to decide if it should purchase an automated assembly line. The firm currently has employees completing the assembly portion of its production process. The workers are very efficient; Should the company use the automate..
If the demand increases for a product like gasoline and there is no change in the supply of gasoline at the same time, then using SUPPLY and DEMAND CURVES, the new equilibrium price might go up or stay the same, or be lowered.
Suppose that there is an increase in the demand for personal computer systems. Explain the likely effects on marginal revenue product, marginal factor cost, and the number of workers hired by the firm.
a design-build engineering firm completed a pipeline project wherein the company realized a profit of 2.3 million in 1
The marginal product of any input in the production process is the increase in the quantity of output produced from one additional unit of that input. As a manager, what are some practical things you could do to raise marginal product per employee th..
d. Perform an annual equivalence analysis for the two options, and state which is the better option and why. Calculate the present worth of the incremental system (1 - 2), and state which option is better and why.
A company operating in a purely competitive environment is faced with a market price of $250. The company total cost function (short run) is
In the short run, a firm cannot vary its capital, K = 2, but can vary its labor, L. It produces output q. Explain why the firm will or will not experience diminishing marginal returns to labor in the short run if its production function is
List the advantages and disadvantages for the United States to protect its catfish industry. List the protective measures (instruments) the United States has not used to protect its catfish industry. Briefly explain why each would or would not be suc..
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