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What effect does expansionary monetary policy (under flexible exchange rate) have on the supply and demand for dollars in the FX market? What happens to the nominal price of the dollar, exports, imports, and aggregate demand?
From an economist's perspective, an important consideration for policies to address global warming is: When a producer cannot get all consumers of their product to pay for enjoying it, such as in the case of a fireworks display, then we'd have a dema..
Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth will change which of the following?
what is the expected annual real depreciation consistent with interest rate parity?
Present a CONSOLIDATED balance sheet (a T-account summarizing the assets and liabilities of all commercial banks in the system) with the following information: The reserve ratio is 32 percent and the total amount of required reserves held by the bank..
Dan and Neil are playing Settlers of Catan. Dan has rolled a seven and just put the stopper on a Field which touches one of Neil’s Settlements. Since Dan is a real jerk store, he decides to steal one of Neil’s two cards. Neil has a Grain and a Wool r..
What is the Coase Theorem? Explain the relevance of each of the following conditions for the applicability of the theorem? Describe the difference between the logic of market processes and the logic of democratic political processes? How does this re..
A proximity sensor attached to the tip of an endoscope could reduce risks during eye surgery by alerting the surgeon to the location of critical retinal tissue. A certain eye surgeon expects that by using this technology, he will avoid lawsuits of $0..
Compute the marginal tax rate as income rises from $100,000 to $200,000. Compute the corresponding marginal tax rates for the regressive and progressive tax systems.
Which of the following would cause the demand curve for rice to shift to the left?
Think of another good that you have purchased recently Be specific (e.g. is it breakfast cereal in general or Cheerio’s cereal specifically). If the price of this item increases, how would this affect the quantity of the good that you consume? Would ..
Illustrate this on two graphs with the AS/AD curves: show one AS/AD diagram with a soft monetary policy, and next to it another AS/AD diagram we an aggressive monetary policy. Show pi_1 and Y_1 as well as the long run values of inflation and short-ru..
Explain the liberal perspective on markets and the state with specific reference to the Keynes/Hayek debate. Why are the differences between them vital for understanding contemporary international political economy?
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