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Suppose velocity of money is constant, the growth rate of real GDP is 3% per year, and the growth rate of money is 5% per year. Consider this a \baseline." In each case show (don't just state) what's happening. I.e., show your work. (a) What is the rate of inflation in this baseline case? (b) What happens if the growth rate of money rises to 10% per year? (c) What happens if the growth rate of money rises to 100% per year? (d) Return to the baseline case; what would happen if real GDP growth were to rise to 5% per year? (e) What would happen if real GDP growth fell to 2% per year? (f) Again go back to the baseline case; what happens to inflation if money velocity rises at 1% per year. What might cause money velocity to change like this?
write down ten results from the polls that indicate something interesting about the relative strength of the parties. Write a letter to a presidential candidate explaining what you would recommend based on this data.
illustrate the effect of capital information by comparing the prodution possibitity curves, at the present time and ten years in the future, for two economie, one with a high and the other with a low rate of capital formation.
Use this information to find the Equilibrium Price, Quantity and Revenue in the market.
What are the percentage rise in the price of food also in the price of clothing. What is the percentage rise in the CPI.
Defective units that go undetected into final assemblies cost $22 each to replace. An inspection process, which would detect and remove all defectives, can be established to test se units.
Suppose a firm's average cost is R30 at 5 units of output and R32 at 6 units of output. The marginal cost of producing the sixth unit is R42. Is it true or false.
You have been asked to produce a forecast for your company's new product (bottled water). List out and briefly describe four factors you would consider before giving the forecast.
Evalute one opportunity for Kuddler Fine Foods that requires a business management decision.
Graph the individual's budget constraint taking account of both Social Security benefits also the possible withholding of these benefits based on the individual's earnings.
As part of your answer converse whether or not one or more of the legs of the organizational stool was unbalanced.
How do the buyer's returns compare with the method of payment, and how do they compare with single versus multiple bidders.
illustrate what way is Per Capita GDP a better measure of economic well being than GDP. How does this relate to economic problems in the undeveloped world.
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