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[Applying the equation of exchange] Go to the Web site of the Federal Reserve Bank of St. Louis (research. stlouisfed .org/fred2/) and find the most recent values and values from the same quarter 10 years earlier for the following three variables: (1) Real Gross Domestic Product (GDPC1), (2) the GDP Price Deflator (GDPDEF), and (3) the M2 Money Stock (M2SL).
a. Using these data, calculate the average annual rate of change in both real GDP and M2 over this 10-year period.
b. If we assume that velocity was constant during this period, what was the average annual inflation rate?
c. Using the GDP Price Deflator data, calculate the average annual inflation rate over this 10-year period.
d. Use your answers to parts (b) and (c) to discuss what must have happened to velocity during this period.
Explain the impact of mergers and joint ventures on the market prices and firms. eco/365
the concept of social security as originally envisioned by president roosevelt the viability of social security within
A patient visits a clinic. She incurs $10 in travel costs and has a copayment of $20. The clinic’s total charge is $60. The clinic spends $9 to bill the insurance company for the visit and uses resources worth $51 to produce the visit
LG Electronics plans to invest 30 trillion won by 2010 to make this happen, hoping that the cost savings and reduction in risks associated with vertical integration justify the investment.
Many factors determine the supply and demand for labor. Identify and explain two factors that would increase or decrease the demand for labor. Identify and explain two factors that would increase or decrease the supply of labor.
The details about three identical firms operating in Cournot competition are given. The demand curve with marginal revenue, profit maximization, optimum quantity, total demand and market price related questions are answered.
The challenge that each country is facing is to ensure that trading is going to influence more production within the domestic economy. In the US, we have a trade deficit, which means that we import more than we export. How do you think the US economy..
In a sentence or two explain why the pigouvian tax depends on knowing both pmc and demand. If total damages are linear, do we still need to know PMC and demand in order to set the optimal tax?
There are only two polluting sources in the region, each of which generates 10 units of pollution for a total of 20 units released into the environment. The government determines that emissions must be reduced by 10 units across the region to achieve..
In your answers round to the nearest tenth of a percent when calculating the percent value. What is the number of employed people in Thomasville? Explain how you got your answer. What is the number of unemployed people in Thomasville? Explain how you..
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In the short run, there are two identical firms. What is the equilibrium short run price
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