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Q1. Suppose that the government imposed a $1 tax each time someone used the atm. how would this effect output and the price level in the short and long run?
Q2. Outline the possible outcome for teachers if the school year is extended to 11 months instead of 9 months. Discuss the role of incentives.
Q3. Suppose the interest rate on 6-month treasury bills is 7 percent per year in the United Kingdom and 4 percent per year in the United States. If today's spot price of the pound is $2.00 while the 6-month forward price of the pound is $1.98. By investing in U.K. treasury bills rather than U.S. treasury bills, and covering exchange rate risk, U.S. investors earn an extra return for the 6 months.
Paul owns a home on the top of a hill and enjoys an unobstructed view of a large wooded area.
Federal Reserve lowers the required reserve ratio from 0.10 to 0.05. How does this affect the simple money multiplier.
Bud has very limited store space and has decided to limit his product line to one brand of beer, choosing to forego the snack food lines that normally accompany his business.
Sets out the aggregate demand and aggregate supply schedules in Japan. Potential GDP is 600 trillion yen. What is the short-run macroeconomic equilibrium.
Oil and gasoline prices are a concern in the United States. Why does this economic problem exist from a supply and demand perspective, what can be done to improve resource allocations.
Calculate whole expected convenience from each restaurant option and also compare?
Sketch the extensive form of the game, carefully labelling the players that move and the actions they have available
Someone proposes to buy the farm from you for $1 million. Would you make more by selling the farm or keeping it
Elucidate the marginal revenue from the fourth worker
Results of drilling are 15 dry holes, 12 gas producers, 18 oil wells, and 20 wells producing both oil and gas.
Suppose the point of tangency that characterizes long-run equilibrium for a monopolistically competitive firm occurs at Q1 units of output.
The People's Bank of China, the country's central bank, raised the reserve requirements of its top commercial banks to put a squeeze on the credit market
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