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Which of the following is a function of the Federal Reserve System Board of Governors? Holds stock in the Federal Reserve Bank Communicates with government leaders Supervises regional bank operations Provides service to banks and the U.S. Treasury
utilizes the Keynesian cross to predict the impact on equilibrium GDP of equal-sized rise in both the government purchases also taxes
Why do sale of used goods do not add to income of a country in a particular year? If you think of income as the inflow in your bank account. All outflows are just expenditures. So I think of income as how much stuff can someone buy in a particulate y..
Identify two federal government programs that you would definitely change. Explain why and how you would change them. What would be the marginal benefits and marginal costs of each changed policy TO YOU? What would be the marginal benefits and margin..
Real wealth which capitalists pull out of market must somewhere enter market. What is this hidden mechanism.
Consider a coupon bond that has a $1000 par value and a coupon rate of 10%. The bond is currently selling for $1044.89 and has two years to maturity. What is the bond’s yield to maturity? If the expected price of this bond next year is $1000. Calcula..
When an economy experiences a one-time increase in productivity, there is an immediate increase in A) the saving rate B) consumption per worker C) the capital-labor ratio D) the depreciation rate
Zhichao currently has a job in a small city (S) with cheap housing but he has been offered a higher paying job in a big city (B) with expensive housing. His utility function over housing (good x) and all other goods (good y) is U(x,y)=.5*ln(x)+.5*ln(..
Draw a production possibilities frontier for the production of corn and steel, identifying the efficient points, feasible points, and infeasible points. Illustrate and explain increasing opportunity cost.
Suppose that in addition to repairing your car, you can also spend money advertising. If you repair your car for hours and spend A dollars advertising, your benefit (the amount you revive when you sell your car) is B(H,A)=220H-H^2+2A. Both H and A ar..
Annual per capita consumption of milk in the U.S. is 21.6 gallons. Being from the Midwest, you believe milk consumption is higher there and wish to support your opinion. A sample of 16 individuals from the Midwestern town of Webster City showed a sam..
Opponents of the minimum wage point out that the minimum wage:
Suppose there is an increase in the population growth rate. A. Show graphically how this affects the growth rate of both output per capita and total output in the short and long run.
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