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You deposit $3,000 in a savings account that earns 8% simple interest per year. How many years will it take to double your balance? If, instead, you deposit the $3,000 in another savings account that earns 7% interest compounded yearly, how many years will it take to double your balance?
he Fed began paying interest on reserves in October 2008. Holding all else constant, what effect would this have on the money supply? When the Federal Reserve injects money into the banking system, it initially causes an excess _____ of money. Equili..
q1. elucidate how a person who refuses an offer of employment in order to keep looking for a better job is counted by
If the total cost of producing 2 pounds of cheese is $6 and the total cost of producing 4 pounds of cheese is $8, then:
q.an economist claims depends on an econometric study that high profits in a certain industry are explained by that
What is the resulting deadweight loss relative to the competitive outcome. Compute the Lerner Index for the monopoly described in the question above.
what is the threshold value of the discrimination coefficient "d" at which prejudiced businesses will start hiring only white workers?
Find a single price that all mutually preferred trades can occur. What are the gains from trade? Now suppose a $1.50 per-unit tax is levied on Larry for each unit sold (that raises MC by $1.50). Now find all mutually preferred trades and the trading ..
Elucidate how does N the number of firms in the market, affect each firms Demand curve. Explain why.
Suppose the price of good 1 is $2, and the price of good 2 is $1. Derive Pete’s demand function for good 1 (as a function of income). Is good 1 normal for Pete? How about good 2? Plot the Engel curve for goods 1 and 2 (with income on the horizontal a..
Using the principles of supply and demand, develop a plan to alleviate the shortage of math and science teachers with and this country. Try to use price and non-price determinants as your tools to reach equilibrium. Defend your position using economi..
In late 2006 and early 2007, orange crops in Florida were smaller than expected, and the crop in California was put in a deep freeze by an Arctic cold front.
the united states is experiencing a recession and congress decides to adopt an expansionary fiscal policy to stimulate
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