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Suppose the Fed buys $200 million worth of Euros with U.S. currency and, at the same time, sells $200 million of U.S. government securities for U.S. currency in a domestic open market operation. What is the net effect on the monetary base? How has the Fed's balance sheet been affected? please show your work
Many manufacturers of clothing and other consumer goods open stores in outlet malls where they charge much lower prices than they charge in their own stores located within cities. Outlet malls are typically located a considerable distance from major ..
The legal standard of proof that permits an officer to conduct a stop and frisk is:
Which of the following is NOT a characteristic of equal potential GDP and real GDP?
The inverse demand function for grapefruit is defined by the equation p = 317 − 6q, where q is the number of units sold. The inverse supply function is defined by p = 5 + 6q. A tax of $48 is imposed on suppliers for each unit of grapefruit that they ..
Sergei is a computer programmer with a utility function equal to U=Y+120L-L . He contracts with Uber that allows him to set his own work hours; they pay him $50/hour. He has allocated himself a work-hour time budget of a maximum of 250 hours per mont..
Suppose a particular labour market were in market-clearing equilibrium. What could happen to cause equilibrium wage to fall. If all money wages rose with inflation each year, how would real wages in this market adjust.
How are prices determined under perfect competition? Think about a firm that you have done business with recently. To what industry does this firm belong? For example, McDonald's is a firm in the fast food industry. What market structure would this i..
Explain the most appropriate fiscal policy to help stabilize the economy. What are the implications of using fiscal policy to help stabilize an economy that is in a recession?
In a Cournot oligopoly, a decrease in a firm's marginal cost leads to. When two firms compete as a Cournot duopoly, the resulting market price is ______________ the price a monopolist with the same market demand and (greater than, smaller than, the s..
Under what supply and demand conditions would an excise tax create a large incidence of the tax on suppliers and a small incidence of the tax on consumers? Explain how this works.
Consider the following simplified balance sheet for a bank. (2 pts.) Assets Liabilities Reserves $1.5 million Loans $8.5 million Deposits 10 million. If the required reserve ratio is 10%, how much in excess reserves does this bank hold?
Discuss a time when you have had to deal with a sensitive and/or a negative message. What would you do differently in light of the material covered in this module? If you would do nothing differently, describe how your handling of the message aligns ..
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