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Describe the macro-economic conditions that have led to the current oil price. You will be graded on your understanding of the macro-economic variables, their specific quantifiable variances, and the motivations of the actors that led to these conditions.
Answer in 310 words.
Hyperinflations occur when the government runs a large budget ________, which the central bank finances with a substantial monetary ________. According to the quantity theory of money and the Fisher effect, if the central bank increases the rate of m..
You have been appointed head of university parking enforcement. Your mission is to eliminate illegal parking. Car drivers are completely rational expected utility maximizes. They have utility functions given by u=x(1/2) where x is $ of consumption on..
Other things the same, if technology increases, then in the long run
Which one is more effective comparing with the tools of fiscal policy?
q.in 2012 balnur taught music and earned 20000. she also earned 4000 by renting out her basement. on january 1 2013 she
As our texts indicates, a "loss ratio" can be used to measure an insurer's financial well-being as it reflects the percentage of premiums being used to pay covered losses. Imagine you were the CEO of The Best Insurance Company, Inc. Given what you no..
How should the manufacurer respond to this competitive threat? Suggest at least two alternatives.
The main tool that the federal reserve uses to conduct monetary policy is
Using a required reserve ratio of 10% and assuming that banks keep no excess reserves, what is the value of government securities the Fed must purchase if it wants to increase the money supply by $2 million?
You are an economic consultant for Farmer Perk, who produces raw cotton and sells it in a perfectly competitive market. Illustrate what is Farmer Perk's profit-maximizing level of output.
A current database in education is whether teachers should be paid on a standard pay scale based solely upon their years of training and teaching experience, or whether part of their salary should be based upon their performance
U.S. policy to increase the miles per gallon (mpg) of new cars is to mandate an average mpg for cars sold by U.S. manufacturers. In many countries within the European Union, the policy is to tax gasoline so that the price per gallon at the pump is st..
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