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What factors make the fed independent from politicts? Why is there so much political pressure on the fed, despite its independence? How does the fed work to protect itself from political pressure? Explain hot the fed can increase the money supply by engaging in open market operations. What role do the banks play in this process?What are the feds four tools for affecting the money supply? Which tool is used most commonly?
Looking at the chart below, suggest the kinds of variables that could be used to represent the following factors, which are believed to affect the demand for any product. Determinants of Demand Suggested Variables to
Discusses how externalities relate to the willingness to pay (WTP) analysis and demonstrates solid ability to accomplish the assignment
The government levies an excise tax of five cents per unit sold on sellers in a competitive industry. Supply and demand curves have some elasticity with respect to value.
what do you think must be 3 major macroeconomic goals of the economy? what policy mix assists government attain these
Why is MTV so profitable relative to the major networks?
Explain in words why equilibrium GDP changes
Suppose demand function has changed t0o Qd2 = 14-P. Find the new equilibrium price and quantity?
Why do economists pay little attention to the algebraic sign of the elasticity of demand for a good with respect to its own price, yet pay careful attention to the algebraic sign of the elasticity of the demand for a good with respect to another g..
discuss the characteristics of monopolistic market in detail. name five different companies that belongs to this
slash and burn is a monopolist that can sell its output at these prices and with these total
A firm has total cost function TC = 2x^2 + 3y^2 -3xy -3x +30. Find the optimum bundle of x and y that will minimize the cost. (Use cramer's rule)
Identify both the positive and negative aspects of their approach
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