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Watch the movie "A Beautiful Mind". Pay attention to the scene where Nash argues for an optimal equilibrium (the bar scene). Would you say that his "equilibrium" constitutes Nash equilibrium? Explain.
The data given below shows the situation in 2010 and 2011 if Fed does not use the monetary policy,
Each of the following headlines describes an event that will have an effect on desired aggregate expenditure
Assume the total demand for fish and the total supply of fish per month in the Kansas City fish market are as follows:
Elucidate as carefully as you can why borrowers would be willing to pay a higher rate of interest.
Consider Bob, he washes his car by hand rather than taking it to the local car wash. When asked why he washes it by hand, Bob explains "you should never pay for something you can do yourself.
Discuss ballpark estimates for the overall economic impact of crime. Break down your estimate(s) into broad categories: for example, roughly what fraction of the overall cost of crime is due to murders, what fraction to illegal drug use.
According to CPI's estimation and in context of valuation of the major consumer products firms, do you believe analysts think the company is undervalued?
Define transfer payments and give an example. Describe why transfer payments are not included in GDP. Determine which components of GDP would be affected through following,
Assess President Obama and the Congressional Majority Democrats' stimulus, budgetary, and health care initiatives in the context of promoting Economic Growth and Development.
Suppose that the level of investment is $16 billion and independent of level of total output, complete the accompanying table and estimate the equilibrium levels of output and employment in private closed economy.
Explain how would you rate Ben Bernanke's performance as Chairman of the Federal Reserve.
Illustrtae what are the nominal rates of interest for both the United States and the euro area?
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