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Suppose that First National Bank, Second National Bank, and Third National Bank have zero excess reserves. The required reserve ratio is 20%. The Federal Reserve buys a government bond worth $1.5 million from John, a client of First National Bank. He deposits the money into his checking account at First National Bank.
Tasks:
Suppose that First National Bank loans out all its new excess reserves to Nancy, who immediately uses the funds to write a check for Mark. Mark deposits the funds immediately into his checking account at Second National Bank. Then, Second National Bank lends out all its new excess reserves to Kyle, who writes a check for Amy, who deposits the money into her account at Third National Bank. Third National Bank lends out all its new excess reserves as well.
Fill in the following table to show the effect of this ongoing chain of events at each of the banks. Enter each answer to the nearest penny.
Which of the following trends favor a more labor-intensive method of production? A growing number of desperately unemployed people as the result of rural-urban migration. A limit to the level that wages can fall (subsistence)
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Spalding Doughnuts wants to know about its waiting line. Currently, Spalding Doughnuts uses a single-server, single-phase system when serving customers. What is the average number of customers waiting in line? What is the probability of having more t..
What is the difference in profit maximization between the perfect competitor and all other types of firms? A(n) ____ may offer products that are either differentiated or nondifferentiated.
Discuss the following statement: Whenever the output is below potential and the government has a fixed exchange rate policy, it can use monetary policy to stimulate the economy and bring it back to full potential.
jane works part-time and earns 12000 per year. because she is below the poverty line she also earns 4000 in various
Explain why Chrysler's decision might have been prompted by movements in its wage costs or capital cost, or both.
Identify the point on the budget constraint this worker has chosen. Explain how much is he working per day.
Suppose the fisher hypothesis holds for an economy that has an expected real interest rate of 2 percent. For each of the expected inflation rates of 0,2,4,6, and 8 percent, calculate the nominal interest rate and the after tax expected real intere..
Illustrate what is the relationship between the Phillips curve, cumulative demand also cumulative provide.
Microsoft emerges to have a monopoly with over 90% of the personal Calculator operating market. Why then would it not be charging a monopoly cost.
q1. the average variable cost per acre planted with wheat was 107 per acres. assuming a yield of 50 bushels per acre
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