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An important reason that the quantity theory of money is less popular today is that:
money growth and inflation are no longer closely related.
the quantity of money is better at predicting stock prices.
the economy recently experienced an unexpected and deep recession.
the federal funds market has been taken over by the Federal Reserve bank.
In the 1790 Thomas Malthus predicted mass starvation because he believed population would always grow faster than out ability to increase agricultural production. Explain his theory in terms of diminishing returns to labor in the short run.
q1. suppose we have two economies- lets call them earth and mars- that are identical except that one begins with a
Explain how the introduction of new goods might bias the calculation of the consumer price index. Why is there a lag between the Fed’s actions and the economy’s response? Why is there a lag between the Fed’s actions and the economy’s response?
Principle theory of management. Where does the Coast Guard fit into the mix? What are the classes of crimes? Why does the security manager need to understand them?
a smaller multiplier means that change in government purchases of goods and services, government transfers, or taxes necessary to close an inflationary or recessionary gap is larger. How can you explain this apparent inconsistency.
Can you explain the math involved in finding the SPNE of the stage games in repeated games in game theory. I understand the concept; I just don't understand how to solve the math aspect of the questions. I do not have a solid background in math, and ..
A High End Department store has a replacement cost of $4,596,000. A fire caused $500,000 damage to the store's inventory. Find the amount the insurance company will pay if the store carried a policy with a face value of $3,500,000 and a coinsurance c..
Explain what types of biases arise in the different approaches to understanding consumer demand and behavior.
Required all pharmaceutical firms to sell their drugs in a competitive market with no ability to patent their break.
A multiple regression equation is created with 4 independent variables and 24 data observations. The resulting F value is 4.10. If all other statistics for the regression are acceptable would you use the regression to forecast data for your business?
Suppose that the demand curve for wheat is Q = 100 - 10p and that the supply curve is Q = 10p. What are the effects of a specific tax of t = 1 per unit on the (1)equilibrium, (2)government tax revenue, (3)CS, (4)PS, (5)welfare, and (6)DWL?
Representative consumers have the utility function U(C,Ls) = log(C) + log(1- Ls). Representative consumers have labor endowment of 1. So Ls must be less than 1. Write down the budget constraint of the representative consumer. Write down the maximizat..
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