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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
There are three firms in an economy: A, B, and C. Firm A buys $400 worth of goods from firm B and $240 worth of goods from firm C, and produces 220 units of output, which it sells at $7 per unit. How much would government get if it introduced an inco..
Jim Bradley is the director of the Bradley bakery. He has collected data on his store for the past year.
What do temporary changes in the tax code do for incentives? Does this encourage long term planning? Should the government encourage long term planning? Should the Government use tax policy to change behavior?
Which of the following is a necessary assumption when using an analysis of variance?
You believe that there is an equally likely chance that this information will either double expected chances of finding a well, or inform you for certain that the area is not commercial.
Suppose an industry is composed of six firms. Four firms have sales of $100,000 each, and two firms have sales of $50,000 each. Explain how concentration ratios are calculated. Determine the concentration ratios in the market. Explain how the Herfind..
Elucidate why a currency depreciation leads to an improvement in a countries balance of trade.
qx 100 - 0.4pxqx 40 0.2pxa. at what price level would demand for good x equal zero?b. at what price level would
Under the household production model, the full cost of any activity equals:
Suppose the Bank of Japan (BOJ) and the Federal Reserve Bank decide to coordinate policy in an effort to lower the dollar exchange rate (that is, to reduce the number of Japanese yen needed to purchase one dollar). The policy coordination needed to r..
Gary has two children, Kevin and Dora. Each one consumes "yummiest" and nothing else. Gary loves both children equally.
Explain how GDP is measured in your country. Provide real life examples - examine the position of protectionists. Explain whether you support their argument
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