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Suppose interest rates pick up in the next two months so that, in August 2017, banks flood the market with the excess reserves they've been holding since 2008. Illustrate this scenario with a perfectly-sticky AS-AD model and use the current monetary base to estimate the change in money balances needed to stabilize the economy.
Discuss salary determination in a labor market in which workers are unorganized and many firms actively compete for the services of labor.
Explain a way that your family interactsin factor market and a way that it interactsin products market. Discuss how circular flow relates to current economic situations.
Please show how to setup and solve. Assume a firm produces 500 units of a good by using two inputs, capital and labor, whose per unit prices are $10 and $4. Assume also that the marginal physical product of the last unit of capital is 30 and the marg..
How do the “rules of the game” help determine who will be poor and who will not? (Hint: How did the Civil Rights Act of 1964, which forbade discrimination on the basis of race, likely affect the incomes of African Americans compared to the incomes of..
Compute the inventory for this department as of January 31, at Retail. Compute the inventory using lower of average cost or market.
Suppose you are given the following Total Product Function: Q=100 K^3/2 L^4/2 M^4/7 ,where Q is total output or units produces; K, capital; L, labor; and M, materials.; that is, this is a input factor production function. Suppose K = 1,000; L = 200 w..
Why do changes in the money supply have effects on the economy and the monetary transmission mechanism? How can monetary policy be used to stabilize output? Evaluate the role of monetary policy and how it affects the macroeconomy.
Select three terms from this week's readings, and discuss how these terms compare to each other in the world of health care economics. Some examples of terms are resources, quality, technology, and costs. Write a 750- to 1,050-word paper that is a ..
Draw demand, marginal revenue and marginal cost curves for each market. Approximate profit maximizing prices and quantities graphically and/or determining solutions algebraically. Illustrate what are firm's total profits.
GoodBite is interested in selling a new form of teeth whitening strips. They dissolve in your mouth and leave less of a gunky residue feeling than current competitors’ products do. White strips seem to appeal to people 20–29 years old. Should they l..
Money is defined by economists as "anything generally accepted as payment" For each of the following sentences, explain why it does not use the economist’s definition of money: Write a sentence that does use the economists definition of money
Can a monopolistically competitive firm producing a good with lots of very close substitutes earn large positive profits in the long run? Please explain.
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