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3. Suppose that an economy is characterized by: M = $ 6000 V = 2.5 P = 100 a) What is the real value of output (Q)? Now assume that the Fed increases the money supply by 10% and velocity remains unchanged. b) If the price level remains constant, how much will real output increase?
Calculate the marginal rate of substitution
The farmer wants you to work out how many heifers to carry through the system so that he can replace the cull cows and
Compare and contrast the global marketing strategies of Samsung, Sony and Phillips after listing two or three elements of each company's global marketing strategy.
Prepare a 2 page paper using APA format discussing how the Coase Theorem provides an alternative to government regulation and provision of services. How is the definition of private property a critical part of this analysis?
consumers typically pay a higher real interest rate to borrow than they receive when they lend by making bank
What is total variable cost when 100 units of output are produced and what is average fixed cost when 150 units of output are produced?
Suppose the two countries are not trading and that both desire to have equal numbers of feet of timber and baskets of fruit. How would they allocate workers to the two sectors?
What are the sources of national and international economic growth? Who benefits from such growth and why? Why do some countries make rapid progress toward development while many others remain poor? (Chapters 2, 3, and 4)
Explain why housing prices vary from one city to another
The following areas; Minnesota, FRB-Minneapolis Area, Sterns county in MN. Answer the following questions for each data series separately.A. Provide the time series plot.B. Identify the time series characteristics. Explain.
the market for gravel has been estimated to have these supply and demand relationshipssupply p 10 0.01qdemand p
1.question why does a business need to understand elasticity of demand?2. the schedule below is for beer pricequantity
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