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Monetary policy by the US Federal Reserve is important for the US economy. However,economists disagree about several aspects of Federal Reserve decision-making powers including the composition of the Federal Reserve committees, Federal Reserve goals, and the actual impact of Federal Reserve policy on the economy. Address the following questions for this week's assignment:
Your final product will be a paper that:
What is opportunity cost of producing a car in Canada? What is the opportunity cost of producing the tonne of wheat in Canada? Describe the relationship between the opportunity costs of two goods.
an excise tax may be imposed on a commodity in order to raise revenue for the government or in order to reduce the
How large would a corrective tax need to be to move this market from the equilibrium outcome to the socially-optimal outcome.
Use the AD-AS model to predict short-run changes to real GDP and the aggregate price level if the stock of physical capital is relatively small and falling. Explain your reasoning.
A company is trying to provide goods and services to customers in a balanced customer benefit package CPB. Do you see any conflicts in a goods-producing versus service-providing way of thinking
Assessing the overall financial health of your organization and determine what are good and bad signs, if any, in your outlook?
Use the classical model and the quantity theory of money to predict how each of the following shocks would affect the real wage rate (W/P), the real interest rate (r), real aggregate income (Y), and the price of goods and services (P) in a closed ..
Discuss how the concepts of supply and demand relate to microeconomics and macroeconomics - Is the scenario a macroeconomic or microeconomic example of supply and demand?
For each level of output, calculate this manufacturer's marginal cost (MC) (For convenience, place the Marginal Cost between 0 and 1 boat on the second row, the Marginal Cost between 1 and 2 boats on the third row, and so on)
1. Draw the appropriate Lorenz curve for this distribution 2. Fully explain at least four of the major contributing factors that led to this observed distribution.
Explain the difference between accounting and economic profits.
Elucidate the effect of this inflow on the rental price of capital in the United States and on the quantity of capital in use.
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