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To increase tax revenue, the US government in 1932 imposed a two-cent tax on checks written on deposits in bank accounts (In today’s dollars, this tax was about 25 cents per checks)
1. Use the model of the money supply under fractional-reserve banking to discuss how this tac affected the money supply.
2.Many economists believe that a falling money supply was is part responsible for the severity of the Great Depression of the 1930s.From this perspective was the check tax a good policy to implement in the middle of the Great Depression?
q1. given production function fxy cxabyb-awhere a b c are positive and bgtaa. discuss the returns to scale marginal
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q.if the demand function for bananas is given by the following equationqd54000-6000pand the supply function for bananas
Rise in the price reduce the quantity demanded, assuming price elasticity remains constant along the demand curve.
You have been asked to estimate the cost today of a 2,500 ft2 parking lot. You research and find that parking lots have a power-sizing exponent of 0.55 and that your company built a similar 1,000 ft2 lot 5 yrs ago that cost $50,000. You also find tha..
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Will these monopolies typically earn economic profits. Why do not other airlines enter these monopoly routes.
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