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Assignment
You are the Central Banker for an economy with a fixed exchange rate regime. New data arrives indicating that the economy has experienced a negative productivity shock. Discuss how quickly you would respond, if (and how) you would coordinate with the government, and any concerns you have on the impact to the economy and the effectiveness of your policy choices. How does your response differ from that of a Central Banker for an economy with a floating exchange rate?
the demand curve is given byqd 500 - 5px 0.5i 10py - 2pzwhereqd quantity demanded of good xpx price of good xi
Is demand for courses at the universities that did not increase their fees elastic or inelastic with respect to universities that did increase their fees? What is the importance of this degree of elasticity?
The short-run aggregate supply curve is upward sloping for all of the following reasons except:
What kind of crisis was Latvia experiencing in 2008, a currency crisis, a banking crisis, or a debt crisis? If the IMF had not stepped in with support, what do you think might have occurred?
Suppose men receive $11.20 per our and women receive $8.00 per hour. Moreover, suppose the firms use 81 female person hours and 64 male person hours to produce 144 units of output and the marginal product of labor for men is 27 while the marginal pro..
Find a market price for hydrogen gas and normalize the energy content compared to the current local price of gasoline. Using octane as an approximation for gasoline energy content, compare the cost per kilojoule of energy of hydrogen to gasoline.
All loans shall be computed at an annual percentage interest rate
According to the computer industry what are positive and negative effects of either a sudden increase or decrease in the number of competitors on prices in long run.
Using suitable diagrams and appropriate assumptions, Describe why two indifference curves cannot intersect.
In the short run a monopolistically competitive firm will
Two firms are competing in a market. Firm 1 and Firm 2 simultaneously announce quantities, q1 and q2. The price charged in the market is given by p = 1 - q1 - 2q2. Both Firm 1 and Firm 2 have 0 marginal cost of production. What are equilibrium quanti..
Suppose the assumptions of the previous question hold, but unex- pectedly at time T the money stock jumps by an amount E. This jump is expected never to happen again. Solve for all endogenous variables.
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