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Visit the website of the Board of Governors of the Federal Reserve and report the latest data on M1 and M2 monetary aggregates. Which one is composed of the most liquid assets? Which is the largest measure?
what is the best level of output of a perfectly competitive firm in the long run?
A company that produces toys is considering backward integration into production of a certain type of oil, an important component in making the rubber-like material required for the toys. This oil is traded in world commodity markets and its price fl..
Summarize the pros and cons of fixed and floating exchange rate systems. Some countries have gone to the extreme of "dollarizing" their economies. What is "dollarization"? What are the advantages/disadvantages of a "dollarized economy"? Provide examp..
Illustrate types of government programs would be most effective in combating each type of unemployment.
Explain the challenges in measuring consumer surplus of a free product like major online applications, such as Facebook and Google Search. Explain how to quantify the gains that the internet has brought to consumers
If this economy has flexible exchange rate regime, how would the exchange rate respond to a fiscal expansion policy? Appreciation or Depreciation? Explain why.
Determine the quantity demanded, the quantity supplied, and the magnitude
Is GDP a Good Measure of Economic Well-Being? If GDP is a good measure of well-being, why is Switzerland’s GDP so much lower than India’s GDP or China’s GDP? What measures would be better to compare the well-being of different countries? How do you e..
The relationship between Price elasticity of demand and Marginal Revenue can be shown to be: There are two types of customers that come to the Barnegat Fish Company to have their signature crab cakes: An affluent group with a price elasticity of dema..
The American Baker’s Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in the demand for bran muffins. Most of the increase was attributed to a report that diets rich in bran help prevent..
Turkey's price for the Big Mac Index is 3.41$ and the US price of a Big Mac is 4.93$ based on this criteria is it over or undervalued? If Turkey's y moves in the direction of indicated by the “Big Mac Index’, how do you think this will affect your Tu..
A firm has a monopoly on a new type of gaming console. The market demand is given by P=307.4-0.003*Q and thus marginal revenue is MR=307.4-0.006*Q. The monopolist's marginal cost is MC=4.3+0.001*Q. Calculate the profit-maximizing production quantity?
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