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Using a source of international statistics (OECD, IMF, or their respective Central Bank's Statistical Database), compare the percentage change in the following economic data for Japan, Germany, Canada and the United States for the last five years: 1. Aggregate output (GDP) 2. Inflation 3. Money Supply growth. Compare the differences and analyse which country or countries differed most from the United States.
Suppose the required reserve ratio is 8% and that banks hold no excess reserves and the public does not change its currency holdings. If the Fed sells $5 million worth of securities, the amount of deposits in the banking system changes by $______ mil..
Many of the miles are on dirt roads. From an asset ownership point of view, what type of car should he buy.
If french workers can produce 6 cars per day or 10 pounds of cheese and united states workers can produce 4 cars per day or 4 pounds of cheese who should produce what and why? this is a absolute and comparative advantage kind of question
Assume 2 firms on a street of length 1, with zero costs of production. Consumers are uniformly distributed on this street, desire only one unit of the good, and value the good at V = 100. To get to the firms and purchase the good, consumers need to p..
Briefly summarize the impact of an oil import tax by explaining who is helped and who is hurt among the following groups: domestic oil consumers, domestic oil producers, foreign oil producers, and the US government.
While you were visiting London, you purchased a Jaguar for £35,000, payable in three months. You have enough cash at your bank in New York City, which pays 0.35 percent interest per month, compounding monthly, to pay for the car.
According to the graphical method used in class, figure out how a decrease in government purchases (G) is going to affect the IS curve. Is decrease in government purchases an expansionary fiscal policy or a contractionary fiscal policy? Why?[Hint: Us..
State and Local Governments in this country use sales taxes as means of generating revenue. In other countries, a value added tax (VAT) is used to generate Government revenue. Please explain the difference. In your opinion, which tax system is most e..
A new machine would cost $18,000, have operating costs of $1,000 in the first year, and have a salvage value of $10,000 at the end of the first year. For the remaining years, operating costs increase each year by 15% over the previous year’s operatin..
Beth and Bob Salerno are looking at refinancing their home loan of $250,000 and have been quoted 3.75% NAR for a 30 year loan compounded monthly. What will be the remaining balance after 10 years of payments? What will be the monthly payment (assume ..
A beer distributor claims that a new display, featuring a life-size picture of a well-known athlete, will increase product sales in supermarkets by an average of at least 50 cases in a week. For a random sample of twenty supermarkets, the average sal..
Suppose that omar's marginal utility for cups of coffee is constant at 1.5 utils per cup no matter how many he drinks. On the otherhand, his marginal utility per doughnut is 10 for the first doughnut he eats, 8 for the third he eats, and so on. In ad..
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