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Q1. When crude oil price controls were in place, Illustrate what would have been the welfare implications of a ban on oil imports?
Q2. Using the Keynesian Cross model diagram and equation, critically and briefly illustrate the short run and long run economic impact of Obama's stimulus package of $862 billion.
Q3. There are three types of goods: inferior, normal, and luxurious. Which of these types do Toyota cars belong to? Explain how will demand for Toyota cars change during recession in a country.
Which of the following hedging strategies involves a loan without a futures contract.
CER defaults on its loan payments to Bank One. Can Bank One attach the 100 stereo systems CER bought from Stereo Manufacturer.
If you were to draw the two nations' PPF's on the same graph, elucidate which would be farther to the right.
If the Fed wants to leave the US money supply unchanged by the foreign exchange market intervention, how will they conduct a sterilized intervention?
suppose that the economy is currently in a recession. If policy-makers take no action, explain how will the economy evolve over time. Explain in words and using an aggregate-demand/ aggregate-supply diagram.
How would I find out by how much the price of water needs to be raised to reduce demand by 40% if the price of elasticity is 2.0.
Which of the subsequent statements would best describe the UK's population at present?
How should the federal reserve react if they desire to bring inflation down to 3%. When will they achieve that goal?
What will the effects of the tax be in the short run on industry output and price. Will the price rise by the full ?ve cents in the short run.
What is the social optimum quantity and price. Calculate the total surplus in the market equilibrium, at the social optimum and with the tax.
Sam sells property to Betty and delivers Betty a deed that says "This property is conveyed to Betty so long as she never operates a bar on the premises." If she operates a bar on the premises, Sam Seller may take possession of the property.
Review the biographies of each of the seven members of the Board of Governors.
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