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Third National Bank is fully loaned up with reserves of $30,000 and demand deposits equal to $100,000. The reserve ratio is 5%. Households deposit $20,000 in currency into the bank. How much excess reserves does the bank now have, and what is the maximum amount of new money that can be created in the banking system as a result of this deposit? Show all work.
there is an incumbent monopoly in a market. A potential entrant may enter. Draw the game tree describing the situation?
For a typical firm producing 100 units of output, short-run marginal cost is constant at $65, average total cost is $95, and average fixed cost is $30.
Consider an income guarantee program with an income guarantee of $6,000 and a benefit reduction rate of 50%.
Illustrate what occurred to employment during the rest of 2008. Illustrate what are some of the alternatives to a tax cut that might have been utilized.
The US put a specific tariff of €10 on European widgets. Calculate the new equilibrium quantity and price as well as the new Monopoly's profit.
Explain how does the deposit primarily change the T-account of the local bank. How does it change the money supply.
The data-plotting tool will automatically connect the points with a line.
Choose whether to hire a new person in the marketing department or upgrade your computer system.
Explain how will this event affect the equilibrium price and quantity of Florida oranges.
All Industries can increase the volume of goods or services sold by cutting prices.
After that Dewey's opportunity cost of producing one bushel of corn is 1/2 yard of cloth.
When and where did modern economic growth first happen. What are the major institutional factors that form the foundation for modern economic growth. What do they have in common.
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