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Please discuss the quantitative easing program that the Federal Reserve has been operating since 2009 (It ended in the fall of 2015), and when you believe it may stop. What conditions must prevail for it to be brought to a conclusion.
What effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram in your notes to determine the expected effects on the equilibrium price level (P) and level of real output (Q). For each of the economi..
Consider the utility function for a utility maximizing individual consuming two goods X and Y. U (X,Y)= X2Y+15. This person pays 3 dollars for good X and 5 dollars for good Y with an income of 150 dollars. (5Y+3X
Excluding underground economy production from measured GDP causes errors in GDP growth estimates in the long run. Discouraged workers cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true extent of joblessne..
Foreign direct investment has helped many Asian countries develop. Still, there is some reluctance among some Asian policymakers to undertake actions to attract foreign direct investment. What are their motivations? Have any countries been success..
How much excess reserve does your deposit generate for the bank? What is the maximum amount of new money that can be created in the banking system as a result of this deposit? Show all work.
If the price for input factor is PX = $60,000, the marginal product is MPX = 300 and the marginal revenue is MRQ = $250, the marginal revenue product of X equal
This case describes the efforts by Brazilian aircraft maker Embraer to limit the impact of changing exchange rates on its revenues.
You just received a car loan for $20,000. The terms of the loan are for 5 years at 6% annual interest, compounded monthly. What is your monthly payment? For the first month, how much of this payment goes to principal? For the first month, how much of..
If nominal GDP in a given year is $11,000 billion and real GDP is $10,000 billion, then the GDP Price Deflator is equal to. Marginal cost is the change in _____ cost resulting from a one-unit change in _____.
What are carrying costs in the denominator of the economic order quantity (EOQ) formula? How do large carrying costs affect the economic order quantity?
Explain why globalization is good for the United States. What are the drawbacks of globalization for our economy? We run huge trade imbalances with two countries. Explain the cause of the imbalances. What is the economist's case for free trade?
In the design of an automobile radiator, an engineer has a choice of using either a brass-copper alloy casting or plastic modeling. Either the material provides the same service. However, the brass-copper alloy weighs 25 pounds, compare with the 20 p..
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