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To increase tax revenue, the U.S. government in 1932 imposed a 2-cent tax on checks written on bank account deposits. (In today's dollars, this tax would amount to about 34 cents per check.)
a. How do you think the check tax affected the currency-deposit ratio? Explain.
b. Use the model of the money supply under fractional-reserve banking to discuss how this tax affected the money supply.
c. Many economists believe that a falling money supply was in part responsible for the severity of the Great Depression of the 1930s. From this perspective, was the check tax a good policy to implement in the middle of the Great Depression?
Suppose that the position of a nation's aggregate demand curve has not been changed, but long-run equilibrium price level has declined.
There is a list of figures for a given year in billions of dollars. Using this data, compute the NDP , NI, PI, DI or net exports.
The number of repairs manufactured by a computer repair shop depends on the number of employees as follows:
How did the Bretton Woods system operate? What caused its collapse? Some think the current system of managed but floating rates is too unstable. What would generate the instability?
An open macroeconomic model is represented parametrically as follows
Explain how the Environmental Protection Agencys policies impact business in the US.
global positioning units for cruise missiles by the government. new chalk by a local school board.
What are the advantages and disadvantages for both employers and employees of resolving disputes through ADR? Why would a company have an employee sign a commitment to resolve disputes through ADR? What other methods exist for resolving disputes?
Briefly describe and critically possible short-run and long-run macroeconomic effects of this continuous increase of the federal fund rate
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European nation for three consecutive years and comment about possible time changes and eventual differences across countries.
Discussion Board also identify one decision that JTI managers must make in each of the six value chain functions for this product.
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