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Question: Discussion 200 words
Should the Federal Reserve System control the nation's money supply? Defend your position using economic principles. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.
Calculate a marginal cost and an average cost schedule for the firm. If the prevailing marketing price is $17 per unit, how many units will be produced and sold. What are the profits per unit. What are the total profits
Alan Greenspan,chairman of the fed ,was the leading proponent of the view that it is too difficult , and potentialy too harmfull,topop a bubble by raising interest rates..if bubble emerged, better to quickly lower interest rates to cushion the blo..
Suppose we want to use game theory to analyze how an oligopolist selects its optimal price. The cells of the payoff matrix show the profit that each producer can expect to earn by pursuing a single strategy.
In theory, we know that a monopolist basis its price directly off of the demand curve, Explain how a monopolist might set prices, even without having explicit knowledge of the shape of the demand curve
Consider a market where supply and demand are given by QXS = -12 + PX and QXd = 90 - 2PX.
Firms can shift their marginal cost curves to the right, resulting in higher outputs at the same or lower maximum-profit prices. This can be done by
Suppose that consumption when young and consumption when old are both normal goods. The income effect of an increase in the interest rate will result in:
In an economy, 20 million people are full-time workers, 5 million are part-time workers, 2 million are unemployed, and 6 million are not in the labor force. Assume that all people in this economy are 16 years or older. What is the employment-to-po..
Economists have long known that free markets are perfectly efficient. Consider Q1 in the graph, above. How much do consumers value one more unit of output.
Prepare a 2-3 page paper using APA format discussing problem - Which of these four scenarios are most important today? Your answer may include more than one scenario.
How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources. Using the circular flow model, explain the flow of money and goods in an economy.
Suppose this economy is initially in equilibrium. Calculate the new equilibrium level of real GDP, Y', if government spending increases by $20 while everything else is held constant. Discuss your answer making sure to include the relationship betw..
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