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In our discussion of short-run exchange rate overshooting, we assumed real output (Y) was constant. Assume instead that an increase in the money supply raises real output in the short run (an assumption that will be justified in a few lectures). How does this a↵ect the extent to which the exchange rate overshoots when the money supply first increases? Is it likely that the exchange rate undershoots? (Hint: In the money market equilibrium, allow aggregate real money demand schedule to shift in response to the increase in output).
1. a competitive industry currently consists of n 10 identical firms. an individual firms total cost function is given
using margin. bill campbell invested 4000 and borrowed 4000 to purchase shares in wal-mart. at the time of investment
The pharmaceutical industry often has the luxury of implementing pricing strategies that appear high to consumers. Take a position on the fairness of the industry's approach to pricing pharmaceutical products including offering an alternative stra..
briefly state the basic characteristics of pure competition pure monopoly monopolistic competition and oligopoly. under
1. bills bakery has a fire and bill loses some of his cost data. the bits of paper that he recovers after the fire
compute the gdp of tanzania by using the following hypothetical information all amounts are in trillions of dollars
Suppose Texas(an oil producing state) has been proposing the implementation of a tariff on oil imports. If the world price of oil declines significantly , the chance that the proposal will be implemented will increase
If the appropriate interest rate is 13 percent, what kind of deal did the player snag?
What is the profit-maximizing P in the case that Godzilla and Macrosoft merge
1. Explain Mill's description of the stationary state and how it differs from Smith and Ricardo's descriptions. 2. In what ways did the Utopian Socialists seem to influence the PE thought of John Stuart Mill
the acme company has a monopoly in making widgets which they sell for 100 each at a quantity of 1 million units per
how does industry-level price elasticity of demand shape the opportunities for making a profit in an industry? how does
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