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What is a likely consequence of not having enough statistical power? Explain.
Some individuals have suggesested raising the required reserve ratio for banks to 100 %. What would the money multiplier be if this change were made?
In this module, it is demonstrated that some times extensive diseconomies of scale, say, due to high transportation costs, would require that the firm produce its product in a multiple of plants. Suppose a beer brewing company has determined that its..
The unemployment rate reported by the Bureau of Labor Statistics includes all of the following type of unemployment with the exception of
What ideas from Marx remain relevant to contemporary society and what ideas must be discarded in the wake of the collapse of the Soviet Union and the Marxist societies of Eastern Europe? What might Weber have said about the last century of global his..
A competitive market is a market in which. An example of a perfectly competitive market would be the market for
By definition, the budget deficit equals the rate of change of the amount of debt outstanding: δ(t)=?(t). Define d(t) to be the ratio of debt to output: d(t)=D(t)Y(t). Assume that Y(t) grows at a constant rate g>0. Suppose that the deficit-to-output ..
Suppose China wishes to peg the Chinese Yuan to the US dollar at $0.20/Yuan. But, because of foreign funds flowing into China, the Yuan appreciates. How can the People’s Bank of China (China’s central bank) maintain the pegged exchange rate? Is the B..
Read "Game Theory Explained," located on the PBS website. Discuss your perspective on the use of game theory. How do "Nash Equilibrium" and the idea of one "player" impacting another "player" within an organization affect the economic decisions and g..
You have studied the executive branch of government and the wide range of power, as well as the various roles of the head of that branch, the president. Consider the presidency of Barack Obama.
Describe the Harrod-Domar growth model, and explain precisely how the model illustrates dynamic instability. Why is it often called the “knife’s edge model”?
What is the total period costs incurred for this period?
Identify and describe the three "waves" of globalization discussed in the lecture.
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