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To determine whether the overnight loans rate should be raised, lowered, or left unchanged, the bank of Canada does all of the following except
A. gathers regional, national, and international data
B. consults with and takes direction from the Department of Finance
C. studies how the economy responds to shocks
D. studies how the economy responds to policy
Assuming other things equal, according to the law of demand
Governments build highways and provide medical care, welfare, border security, schools and education. If the market is such an efficient and beneficial mechanism, why isn’t it universally relied on? Explain
Nicki lives in two periods and has a utility function u(c1, c2 ) = c1xc2, where c1 is her consumption in period 1, and c2 is her consumption in period 2. Nicki's income in period 1 (I1) is $400, and her income in period 2 (I2) is $220. She can borrow..
Many universities allocate financial aid to undergraduate students on the basis of some measure of need. does this price reflect pure charity or price discrimination? if it reflects price discrimination do you think it lies closer to first degree dis..
explain how governments can contribute, or discourage long run growth through their policies and institutions.
Changes in tax laws and deliberate government purchases that are made to help the economy recover from a recession are known as ____________.
q1. a new public to complete works project requires 200000 hours of labor. but if the labor market is competitive and
A merger will likely lessen competition if
Lisa plans to retire on her 61st birthday. On her 22nd birthday, Lisa will start savin $A per year for 40 years. Starting on her 62nd birthday, Lisa plans on withdrawing $10000 and will continue these annual with drawls until the account is exhausted..
Consider the demand for mobile phones. Suppose the price elasticity of demand for the market as a whole is .80. A. If all mobile-phone companies simultaneously increased their prices, will total revenue in the industry increase of decrease.
A _____ shows the relationship between one firm's profit-maximizing output as a function of the output of a rival firm in a duopoly market.
Explain what is meant by price floors and price ceilings. What are the consequences of a) a price floor that is higher than the market equilibrium price; b) a price ceiling that is lower than the market equilibrium price. Demonstrate your answers gra..
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