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1. Suppose a (very small) country has a central bank who has issued 100m of money, where nominal output is 350m annually. How frequently is the average piece of money used?
2. Give two realistic occurrences that might drive changes in the velocity of money
The percentage effect which increase in output will have on the profit made from producing and selling commodity Alpha will be.
The licorice industry is competitive. Each firm produes 2 million strings of licorice every year. Total cost of strings have an average.
1. contrast the ideas of nominal gdp also real gdp. explain why there is one more reliable than the other for comparing
In principle, the government could impose separate minimum wages on distinct occupations. Suppose the government imposed a minimum wage of 20 percent over their respective market wages for ditch-diggers and university professors.
In the market economy that relies on the law of supply and demand, determine which of the following does not fit with the other:
Many police officer positions being advertised today require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material. From an economics perspective, why don't police departments increa..
From the scenario, explain how government grants would influence the business's operations. Be sure to emphasize the taxes, social benefit, and price level for both substitute goods and current products.
The US government has been involved in the Persian Gulf regions, in Iraq and in Afghanistan, in order not to let the terrorist groups take over and control the oil supplies and the shipments of oil to the rest of the world.
If it is easy for a firm to get into or exit from a market, then a firm in that market will be able to earn positive economic profits. When economic profit is positive,
Find the present value for each year if the interest rate is 6% and then add them together for the total present value of future revenue.
q.on january 2d 2012 canon expects to ship 750000 all-in-one fax printers and copy machines from its plant in japan to
State whether each of the following goods and services is non-rival, non-excludable or both: (Explain)a. A toll road.b. A public park.c. A lighthouse.d. An art museum.e. A radio broadcast.
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