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1. What are the three categories of transactions in the balance of payments? Give an example of each.
2. Economists sometimes say that the current exchange rate system is a dirty float system. What does this mean?
3. What are the main arguments presented against flexible exchange rates?
explain how the short-run phillips curve the long-run phillips curve the short-run aggregate supply curve the long-run
Based on your own Internet research, track the changes in the Euro/USD exchange rate since the Euro was launched in 2002. Which currency has appreciated and which has depreciated over the past 13 years? Provide two reasons why this has occurred.
We use percent-changes in the formula for estimating the price elasticity of demand coefficient in order to:
An easy on "under what conditions would a nation be able to currently produce more of both consumer and capital goods? At least 150 words excluding "a", "an" and "the"
Two firms constitute the entire doghouse industry. One has the long-run cost function c1(y) = 3 + (4y^2)/3 for y > 0 and c1(0) = 0, and the other has the long-run cost function c2(y) = 10 + (y^2)/10 for y > 0 and c2(0) = 0. If no new firms can enter ..
There seems to be some evidence supporting the idea of a political business cycle. That is, the economy tends to experience particularly fast growth just prior to elections and slower growth or recessions some time after elections. Use the AD/AS mode..
Elucidate why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.
Assume you have the power to make reforms to the way tax research and planning is currently conducted. Propose the reforms you would make. Justify your response.
q.the first company is a trendy bar. the bar is currently seeing many young well paid professionals as customers but
Under the EU merger regulations, preapproval is not needed under which of the following conditions?
Arian is about to borrow $2,587.11 from his uncle. He has an option to repay the loan at the end of year 4 with 3.11% simple interest per year or with 6.8% interest per year, compounded annually. What is the difference of the total interest paid over..
Given a company orders a product and expects the defective fraction, E(p), to be 5%. Demand is 15,000 units annually and they screen at a rate of 60,000 units annually (think of this as the QC check which is done much quicker than demand arrives). Ca..
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