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Select a country that interests you. For the country, research answers to the following questions:
- Is the nation the home base of any large multinational companies?
- How is globalization influencing the country's jobs and wages, its income inequality, and its culture, sovereignty, and physical environment?
- What benefits can the country offer to businesses seeking a new market or production base?
Why is the New York Federal Reserve always a voting member on the FOMC?
The elasticity of demand:
Suppose the money supply is $1 trillion. The FOMC decides to use open market operations to reduce the money supply by $100 billion. If the required reserve ratio is .05, what does the Fed need to do to accomplish the reduction? Illustrate your result..
Price ceiling is the law that sets a maximum price below the equilibrium market price, but a price floor is the law that sets a maximum price above the market equilibrium price.
Why do economists insist on emphasizing the difference between money and income? Why is this difference important in macroeconomics?
What is the liquidity trap and why is it so dangerous? How does expected deflation set a floor on the real interest rate that the Fed can set? Why is fiscal policy crucial in a liquidity trap? What is meant by a deflationary spiral.
A firm currently uses 100 workers to produce 200 units of output per day. The daily wage (per worker) is $80, and the price of the firm's output is $50. The cost of other variable inputs is $600 per day. The firm’s fixed cost is 8,000. The marginal c..
Mark Carney, Governor of the Bank of England.Now that the referendum has passed the Governor has made additional public statements that hint at Bank of England monetary policy. What did he say? (proper quotes and dates) How do his statements translat..
Find out the curve for MR and use it to find the monopoly output and price. Calculate the output of a perfectly competitive market if the MC is the same as the market supply.
A kinked demand curve is most likely to occur when other firms. The difference between the price firms would be willing to accept for their goods and the price they actually receive is called. The marginal product refers to the impact of which unit o..
Suppose that, in a perfectly competitive market at the profit-maximizing quantity, the market price is greater than average total cost. Carefully explain what will happen to the number of firms, the market supply, and the price of the good as we move..
how would two of the rbas policy objectives are conflicting? please give an example. which of the goals would the rba
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