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What do we call government regulation intended to maintain competitive markets and discourage unfair accumulation of market power?
Illustrate the potential problems of economic transition from a planned economy to a competitive free-market economy.
All of the following questions or statements regarding medical school are positive except: A) How do changes in expected future incomes affect the decisions of medical students about which specialty to choose?
Peter and Jane receive the same annual income, but Peter , who gets paid monthly, will have a much higher demand for active balances than Jane, who gets paid weekly.
If the real interest rate is less than the growth rate of output, explain why governments can run a deficit yet not have to worry about the size of their debt.
What is the internal purchasing power of the Canadian dollar? What is the internal purchasing power of the euro in France? What is the implied exchange rate of CAD> EUR that satisfies absolute PPP?
Explain the role of movements in the relative price of non-traded goods for real exchange rate fluctuations, using a simple decomposition of the real exchange rate into two parts to illustrate your answer.
Environmental education activities seek to change consumers' behavior to be more environmentally friendly , even when price and income are constant.What in this model of consumer demand are the environmental educators trying to change
Consider the situation of the US debt and deficit Is the deficit and the debt a problem to be dealt with or not Explain. Why do those who worry say it is different from the World War II debt Can the FED keep buying up 40% of the government bonds f..
Suppose there is an increase in risk aversion by wealth holders in the sense that, other things equal, they want to hold more of their wealth in money (bank deposits) and less in securities.
Suppose that this year's money supply is $500 billion, nominal GDP is 10 trillion and real GDP is $5 trillion.
Assume the 3 firms compete for market share over an infinite time horizon. Each firm takes the present value of 1 dollar tomorrow to be X dollars today, where 0
Illustrate what policy actions have the Federal Reserve taken to confirm that direction.
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