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Q. In mid 1990s, Japan's annual money supply growth rate fell to 1-2 percent from an average annual rate of 10-11 percent in late 1980s. illustrate what effect this decline had on: (Total 200 to 300 words)
a. Japanese real output?
b. Japanese unemployment?
c. Japanese inflation?
Discuss a scenario where either the supply or price of a good or service is intentionally limited by the government.
English is becoming the usual language for international transactions, even if the language of neither country is English.
The purpose of this problem is to study the sacrifice ratio. Assume that initially actual and natural real GDP both equal 11,000 and that the rate of inflation is 3.5 percent.
illustrate what is the real GDP in every yr, given which the price index has risen from 100 to 104.5 in the 1st yr also up to 108.3 in the 2nd yr.
If the economy is competitive so that factors of production are paid the value of their marginal products, illustrate what is the share of total income that will go to land.
Prime Products manufactures specialized goods to customers' specifications and operates a job-order costing system.
How will you consider the structure of the fresh salmon industry to calculate the forecast. Will you advise the firm to enter the industry.
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitute's one product for another. Use examples to illustrate.
What is the expected rate of depreciation in the Korean won relative to the Japanese yen
Identify also converse at least two arguments which support trade restrictions also two Once modest trade restrictions.
An increase in the number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
illustrate what are short-run and long-run effects on aggregate price level and aggregate output. There is an increase in taxes on households. There is an increase in quantity of money. There is an increase in government purchases.
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