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Suppose that China is pegging its exchange rate to the US dollar. What are the actions required on the part of the Chinese central bank in response to (a) a decrease in income in the US, (b) a decrease in income in China, and (c) contractionary (tight) monetary policy by the US Federal Reserve?
Elucidate the elasticity of demand given the price and income combination.
Consider the "Beauty Contest" or guessing game experiment. Everybody picks an integer between 0 and 100 inclusive, and the winner is the person who picks closest to 2/3 of the average pick. a) What picks are ruled out by the idea of one level of it..
Assume the Chinese government abandons the peg and allows the yuan to float.What would be the effect on Chinese imports and exports.
In 1939, with the U.S. economy not yet fully recovered from the Great Depression, President Roosevelt proclaimed that Thanksgiving would fall a week earlier than usual so that the shopping period before Christmas would be longer.
A device is invented that would reduce the firm's emissions to one unit for each town of output (e = q). How much would the firm be willing to pay for such a device?
What is the probability that all the population slope coefficients are actually zero, but the coefficients we estimated are different from zero due merely to random sampling variability In other words, what is the probability that the R2 is actual..
Given a numeric production schedule, you will calculate profit and make decisions about short-run profitability to answer questions relating to your calculations. Jerry's Lock Shop is a perfectly competitive firm, and Jerry is operating at his lev..
Do comparision with the economics of the two following service producing alternatives.
Discuss the relevant prices and quantities for the current market situation and identify what you believe is the equilibrium price and quantity.
The U.S. trade deficit is currently running over $50 billion per month. Explain why this is bad for the country in the long run. Compare the view of the older GATT treaty, and more recently, the World Trade Organization, of how trade deficits sho..
Why might the Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than those of Neanderthals? Why might failure to specialize explain why Neanderthal groups in difference areas did not trade? (Remember t..
Suppose that the money multiplier is 2. If the Fed buys $2 million in securities, the quantity of money will be?
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