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1. What is the difference between a medium of exchange and a store of value?
2. What is the difference between commodity money and fiat money?
3. Are credit cards money?
4. Under what circumstance can banks not influence the supply of money?
What will be the effect of this change in policy on both the real and the nominal interest rate in the long - run?
Explain why a monopolist will never set a price (and produce the corresponding output) at which the demand is price-inelastic.
Do the estimated coefficients have the required signs to yield a-shaped AVC curve? Discuss the significance using the p-values.
Use diagram to describe how each of the following events affects the equilibrium price and quantity of pizza (draw a separate diagram for each event)
How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.
Changes in government spending and interest rates
Discuss how absolute advantage and comparative advantage differ? Kyle can read 20 pages of the economics in an hour. He can also read 50 pages of history in an hour. He spends 5 hours pre day studying. Draw Kyle's production possibilities fron..
Describe unemployment and the unemployment rate. Might we be able to say "Job Stats: Too Good to be True?"
A tariff I ssimply a tax on imports. Use our model of the excise tax (with diagram) to expain why domistic firms request that tariff? Consider both the domestic and the foreign country in your answer
Describe the effects of monetary policies on the economy's production and employment.
Essay on Market imperfection associated with negative externalities.
Develop an exponential smoothing forecast with smoothing constants α =0.1 and 0.3. What would be the forecast for week 11?
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