Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Which of the following is not included in M1?
a) money market mutual funds
b) traveler's checks
c) checkable deposits
2. If the reserve requirement ration is 25 percent, what is the money multiplier equal?
a) 25
b) 4
c) .04
3. Assume the reserve ratio is 25 percent and there are $40,000 in new deposits in the banking system. As a result, the money-creating potential of the commercial banking system: Hint: Calculate the Monetary Multiplier using reserve requirement ratio= 25%
a) is $40,000
b) is $200,000
c) is $120,000
Suppose that the production function is Y = 10K1/4 (EL) 3/4 and capital lasts for an average of 10 years so that 10% of capital wears out every year (depreciate rate = 1/10 = 0.1 or 10%). Calculate the steady-state levels for each of the following: c..
An article in the Economist magazine observes: “One big reason to tie money to a commodity standard would be to limit its growth in order to protect against runaway inflation.” Source: “on Gold and Golden Ages”. Economist, September 11, 2012. Why wou..
The elasticity of demand for a firm’s product is -3 and its advertising elasticity of demand is 0.15. Determine the firm’s optimal advertising-to-sales ratio. If the firm’s revenues are $60,000, what is its profit-maximizing level of advertising?
How does the deadweight loss of a tax increase relative to the tax revenue from the tax as the size of the tax increases? Explain carefully.
Suppose El Centro California decides to tackle the problem of nitrates in the water. Nitrates are compounds derived from synthetic fertilizers that are not assimilated by plants and leached out into the underground water and affect the human health. ..
An economy has the following Cobb-Douglas production function: F(K,L) = K^1/6 (EL)^5/6. The depreciation rate is 1% and the saving rate is 48%. The economy is in a steady state, where the population decreases at a rate 1%, while real GDP per capita g..
Suppose the following system of equations for a product: Solve for the socially efficient equilibrium. When P=30, what will be happening to the market? Explain.
When consumer is provided a $50 gift certificate that is good only at store X, she moves to a new equilibrium at point D. Prices of goods X and Y. Explain how many units of product Y could be purchased at point A.
Assume your fixed cost is $250/acre, the variable cost per bushel is $1.22, and you produce 65 bushels/acre. If the price you receive per bushel is $3.83, what is your profit per acre? If the price you receive per bushel is $3.83, what is your breake..
My family in Portugal runs a “cakery” (it’s like a bakery where they only sell cakes). Since I care about my aunts making more money (faster), I keep telling them to raise cake prices. My aunts, on the other hand, tell me raising prices is a sure way..
Chris consumes only 2 goods, Suppose his utility function is U(X1,X2)=X1 1/3,X2 2/3, Suppose P1 =$2,P2= $8 and income(I)=$600 I want to know how to do the problem, so I need to see all the steps it takes to arrive at the correct answers for a,b and c..
When demand is elastic, the____________effect dominates the_________effect. When demand is inelastic, the___________effect dominates the_____________effect. When a change in price causes a change in quantity demanded, total revenue always moves in th..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd