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We have focused on how banks create money. I spoke to a banker the other day; he assured me that he did not create money. In fact, he stated that all he did was provide service to the community by lending whatever funds were available to the local merchants. There seems to be some difference of opinion between bankers and economists. Can you provide insight on this? You should be able to answer this question in two pages or less.
Explain what happens to the economy's monetary base when the Bank Negara Malaysia sells RM800 million in foreign currency to one of the banks operating in the country.
Proponents of trade liberalization which freer trade might actually improve the quality of the environment.
What are the main accusations being made against China? ($1,000). What sanctions would China face if the allegations are upheld at the WTO? ($1,000).
A man borrowed 750 dollars from a bank. He agrred to repay the sum at the end of 3 years, together with the interest at 8% per year. How much will he owe the bank at the end of 3 years?
What are the economic theories of opportunity cost, supply and demand of a resale store or non-profit organization?
Suppose ha he money demand function is (M/P)d =1000-100r, where r is he interest rate in percent. the money supply M is 1000 and the price level P is N$2.
Within this group, the average weekly wage of the high-school graduates is 2/3 the amount of college graduates. Assume that wage elasticity and all other individual characteristics are the same across the education groups.
Describe what long-term economic growth is and if there are any limits to the U.S. long-term economic growth.
Compute the changes in inflation rates, unemployment rates and the RGDP growth rates.
Elucidate why the price elasticity of demand differ along a demand curve, even if the demand curve is linear.
Write a brief description of the fiscal policy of the United States and would you describe it as "expansionary" or "contractionary"?
On Thursday nights, a local restaurant has a pasta special. Ari likes the restaurant’s pasta. His willingness to pay for each serving is shown below:
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