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Why was the Federal Reserve System set up with twelve regional Federal Reserve Banks rather than one central bank, as in other countries? What is the primary tool that Congress uses to exercise some control over the Fed?
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
In the short run, a firm cannot vary its capital, K=2, but it can vary its labor, L. It produces output q. Explain why the firm will or will not experience diminishing marginal returns to labor in the short run if its production function is q=10L+K. ..
As medicines which with brand names that the man recognise from television commercials sell for more than the unadvertised versions. elucidate in economic terms this perplexing situation to the father.
Paula is considering going to law school. If she does, she will spend $60,000 on tuition and books to get a college education (during the first time period), $120,000 on tuition and books to get a law degree (during the second time period), and her l..
Represent graphically the effects of an expansionary monetary policy and a contraction fiscal policy in the IS/LM/FX model.
Antitrust legislation is an attempt by government to make competition
q1. i illustrate what price will the monopolistically competitive firm charge in this market?ii illustrate what are the
If this is true, explain why does not just one state produce all of the orange juice for the U.S. market.
Illustrate what are the limitation of the equilibrium level of national income determined in Keynesian cross model.
If the marginal product of capital is twice the marginal product of labor and the price of a unit of labor is $4, illustrate what must be the price of a unit of capital.
q.assume that when an economy has a gdp of 500 consumption is 550. the mpc is .75. investment is 25. begin the problem
If each economy specialized in its comparative advantage, what range of prices would bacon trade at in terms of eggs.
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