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Suppose the Fed wishes to close a recessionary gap by using open-market operations. What should the Fed do and how would this action close the gap? Post a precise and brief answer!
A street light is an example of public good. Discuss why is that and why there is need for government(and not the private firms) to provide it. Be brief and precise!
Assume the market for fertilizer is perfectly competitive and is in equilibrium. Draw a graph for the Supply and Demand for fertilizer as well as a graph for the individual firm. A change in the weather causes an increase in demand for fertilizer. Dr..
Imagine you have some workers and some handheld computers that you can use to take inventory at a warehouse. There are diminishing returns to taking inventory. If one worker uses one computer, he can inventory 150 items per hour. What if you assign t..
According to The Tax Foundation, an independent tax policy research organization, “the first U.S. state to levy a gasoline tax was Oregon, which enacted a 1-cent per gallon tax in February 1919. Draw a supply and demand graph for gasoline in 2006. As..
You receive a credit card offer with terms of 7.3% interest. When you read the fine print, however, you see that the interest is not the annual percentage rate (APR), but the amount being charged every month. What is the effective interest rate?
Discuss five non-bank financial intermediaries in the American economy,relate what each one does and how it gets money.
You are in a class with one other student. It is the end of the semester and final exams are in one week. Your teacher has said the final exam will be graded so that anyone who scores the class average on the final exam will receive a B in the class.
Discuss the concepts of marginal product and marginal cost. Also discuss the importance of trends in these and other economic measures and how time-series analysis (trend analysis) can be used or misused to make important management decisions
What impact if any has the policy of 'Quantitative Easing' had on the United States aggregate demand/aggregate supply curves?
Draw his budget constraint in terms of S and T. What is the slope of the budget constraint and how does it relate to the relative price.
Buffer stocks often have been excessive and costly to maintain because:
Suppose the European Union (EU) is investigating a proposed merger between two of the largest distillers of premium Scotch liquor. Based on some economists’ definition of the relevant market, the two firms proposing to merge enjoyed a combined market..
The following table shows the prices and quantities consumed in the country known as the United States. Suppose the base year is 1996. The fixed basket is determined by 1996 quantities. 1996 is also the base year. What are the costs of the basket in ..
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