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The political independence of central banks is an increasingly important issue in the global economy.
1. What is the global trend in the political independence of central banks?
2. Is this good or bad for the global economy? Explain with examples.
3. What the advantages and disadvantages to individual countries? Explain with examples.
Examine two (2) arguments one for and one against raising the minimum wage, and discuss your findings. In view of the weak economy of the last several years, explain which of the four components of GDP had, or is having, the greatest positive impact ..
For each level of output except zero output, compute the average variable cost (AVC), average total cost (ATC), and average fixed cost (AFC)
Now suppose one big firm comes and buys out all of the firms in the cartel. This monopoly somehow miraculously is able to perfectly price discriminate. How much will this firm produce? What will be the deadweight loss created by this monopoly?
Find out equilibrium cost and quantity. Illustrate on your graph how a rise in cost of automobiles would affect gasoline market.
Assume an open, mixed economy. Assume the MPC is .7. Assume a stimulus package of $100 billion has been approved by Congress and the money has been spent. In order to pay for those expenditures, Congress also approved a $100 billion increase in indiv..
Explain by how much does the total amount of deposits in the banking system increase. By how much does the money supply increase.
Compare the Euro downfall with the other major currencies of the world over? In regards with the negative interest rate they implemented.
What role can the government play in reducing the emission of greenhouse gases? What role can individuals play. If you were the economic advisor in the government, what economic measures would you suggest to tackle global warming.
Use indifference curve analysis to show how the Social Security pension system can reduce annual consumption for some workers who have a strong preference for current versus future consumption.
If an industry is characterized by substantial diseconomies of scale, as a particular firm in the industry expands its production capacity we will observe:
Approximately how much output should the firm allocate to market 2? What is the approximate price that will be charged in market 1? What is the approximate price that will be charged in market 2?
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Elucidate how these problems are int..
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