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Do you think most people in the United States obey the profit motive? Do you know anyone who has changed his or her residence because of economic considerations? His or her profession? Do you know anyone who has deliberately chosen to change his or her time of work although it would cut their income?
Consider the following data. Currency $400 billion Bank reserves $500 billion (a) If banks are holding $80 billion in required reserves, and the required reserve ratio = 0.10, what is the value of checkable deposits
Your company has used the basic COCOMO model in the semidetached mode with an EAF (error adjustment factor) of 1.75 to estimate software for your line of data acquisition systems. You suspect there is a better PCE and want to develop a more accura..
Water damage from flooding related to hurricane Sandy in two northeastern Cities resulted in damages estimated at $216 million. As a result of the claimant payouts, insurance companies raised homeowners' insurance rates by an average of $118 per y..
You enroll in a thrift plan in which you are allowed to contribute 8% of your pretax salary per year. The company contributes an additional 6%. Your starting salary is $62,500 and you can expect annual increases of 3.5%. Use an interest rate of 7...
At what rate is the area of the circle changing when the radius is 4 inches?
Explain the viewpoints of classical and Keynesian economists.
Calculate the total revenues for each price-quantity demanded combination (for example, if one were sold at $5, the total revenue would be $5). What happens to total revenue as price goes down in the elastic portion of the schedule
Suppose the Federal Reserve Bank decides at its next FOMC meeting to raise the federal funds rate from around 0% to .25%. With the aid of a diagram, carefully explain how they will go about implementing this policy.
a small country can import a good at a world price of 10 per unit. the domestic supply curve of the good iss 20 10 pthe
Explain in words how and why the multiplier G and the interest sensitivity of aggregate demand affect the slope of the IS curve.
The government introduces a subsidy s=10 per unit of sugar exported and at the same time it doesn't let any imports in. Calculate the new (i)domestic price, consumption and production, (ii) world price and quantity exported by the country.
Susan is considering buying a 2011 Smart ForTwo costing $21,635 and finds that the retaining values of the vehicle over next five years are as follows: Percent of the total value retained after 36 months: 28% Percent of the total value retained aft..
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