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If the fed decides to use open market operations to raise the interest rate what will it do? Be specific about who within the federal reserve system makes the decision, and who else is involved in the process.
Which of the following statements regarding a monopolist is false?
Under perfect price discrimination, there is no deadweight loss. If a monopoly can separate its buyers into relatively few identifiable markets and pursue a separate monopoly pricing policy in each market, then profit-maximizing price will be higher ..
Find an article (newspaper, magazine or online) about the unemployment rate. Use the article to answer the following questions: What is the current unemployment rate in the US? Is the unemployment rate rising, remaining the same, or decreasing? There..
Identify whether the Fed should continue its current pace of security purchases, and indicate what “forward guidance” the Fed should issue now and why? Be specific in answering the question. Forward guidance is the specific language the Fed uses to i..
An example of a leakage in the circular flow model is. An example of an injection in the circular flow model is. Unemployment that is a result of a wage above the equilibrium wage rate is
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
What actions have been taken by the government to deal with the ups and downs of the business cycle in the United States? Please look back in history to round out your answer.
Outline what the kinked demand curve model of oligopoly seeks to explain. What are the major points of this theory? How does the kinked demand theory of oligopoly differ from other theories in terms of explaining the behavior of companies in an oligo..
A tailor must make 8 of the same size suits for a client. The first suit took 13.1 hours to make and the last suit took 8.2 hours to make. What was the tailor's learning curve % of this run of suits assuming a steady state of production is never reac..
Land is purchased for $75,000. It is agreed for the land to be paid for over a 5 year period with annual payments and using 12% annual compound interest rate. Each payment is to be $3000 more than the previous payment. Determine the size of the last ..
Discuss how supply and demand would be affected under each of the four degrees of competition (pure competition, monopolistic competition, oligopoly, and monopoly). Give specific examples to support your response.
Suppose you have a sample of body weights from a population of males above 20 years of age. Your sample size is 121 men. Body weights are approximately normally distributed. Your sample mean is 190 pounds, and your estimated population standard devia..
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