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Assume that a country estimates its M1 money supply at $20 million. A broader measure of the money supply, M2, is $50 million. The country's gross domestic product is $100 million. Production or real output for
the country is 500,000 units or products.
a. Determine the velocity of money based on the M1 money supply.
b. Determine the velocity of money based on the M2 money supply.
c. Determine the average price for the real output.
You are on the board of directors of a nonprofit art museum supported bydonations from wealthy members of the community
What are the costs of making those "systematic mistakes"? Is it possible to act "irrationally," or is rationality defined by the individual's approach to decision making?
Suppose you are able bodied and intelligent, but lazy. You would rather sit home and watch tv than work, even though you know you could find an acceptable job if you looked. a. Are you officially unemployed b. Are you a discourage worker
discuss the difference between the european monetary system and eu adoption of a single currency. what factors
Many analysts in both developed and developing worlds have heavily criticized the cases of monopolies. Discuss using relevant examples whether it is a good policy for the government to completely eliminate monopoly power.
suppose you are a monopolist operating two plants at different locations. both plants produce the same product q1 is
1.what is opportunity cost? explain with the help of an example why assumption of constant opportunity cost is very
Will Truman and Associates, LLC is a successful Manhattan based law company. Worker productivity at company is examined in billable hours, which vary in partners and associates.
How do education and heathcare impact the economy externally? Make sure that you show the relationships between education, healthcare, and the economy.
2.The demand for a luxury good whose purchase would exhaust a big portion of one's income is: a.perfectly price inelastic b.perfectly price elastic c.relatively price inelastic d. relatively price elastic
a firm has the opportunity to invest in a project having an initial outlay of 20000. net cash inflows before
you have been hired by a new firm selling electronic dog feeders. your client has asked you to gather some data on the
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