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Summarize the November 1-2 FOMC meeting. What did they directly or indirectly imply? What recommendations did they make? Do you agree with the recommendations? Why or why not?
Can you illustrate through using supply and demand graphs what happens to the equilibrium price and quantity in each of the following conditions.
43 If the money supply rises , what must happen to GNP under the equation of exchange 44 What is the most important form of money in the U.S. 45 What is the most important instrument of monetary policy 46 Define federal funds rate
A company has two plants with the following marginal cost functions: MC1 = 20 +2Q1, MC2 = 10 +5Q2 Where MC1 is marginal cost in 1st plant,
Advertising can inform buyers, but sellers must incur costs to advertise. If so advertising can result in higher prices to consumers.
An early goldsmith banker earned a profit (sometimes a large profit) simply by writing notes to certify that a person had deposited a certain amoumt of gold in his vault. By writing more notes than the amount of gold held
Use a hypothetical example to illustrate whether you agree or disagree with the following statement, "Unemployment will go up more if the demand for labor is elastic, because the demand for labor will decrease more when you have elastic demand than i..
Specific Motors Company is one of the Big Three auto manufacturers in Transylvania. Specific's share of the domestic auto market is 55%. The next two closest competitors control 25 and 15% of market, respectively.
Suppose a firm has total cost function given by TC(Q)=10Q+70. What are its marginal costs when producing 10 units of output?
If the elasticity of US exports with respect to the real exchange rate is very low, will this increase in private saving have a large or small effect on the U.S. real exchange rate
Assume after 10 years real consumer spending doubles to 100. Explain how much do you believe will be the budget share of leisure.
Suppose a firm has a constant marginal cost of $10. The current price of the product is $25, and at that price, it is estimated that the price elasticity of demand is -3.0.
The question is what is the maximum probability of last thing happening (-$10 million) that will induce the person to vote for action.
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