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The assignment should be a four to six (4-6) page paper in which you answer the following questions:
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format.
Include a cover page containing the title of the assignment. The cover page and the reference page are not included in the required page length.
1. When on the gold standard, to maintain its mint parity value and the value of its currency a nation must condition its money stock on the level of gold reserves it has.
Take a stand on whether or not it would be easier for the Federal Reserve to expand the supply of money in a period of prosperity versus in a period of recession. Money must have material backing to have value.
Complete the firm's new short run labor demand schedule in the table below and plot the information on the graph above. Label the curve D2. What does the increase in the demand for widgets do to the demand for the labor used to produce widgets.
How can you take advantage of these rates to earn a riskless profit? Assume that the Pure Expectation Theory for interest rates holds.
This solution shows graphically what could happens to quantity sold when a price ceiling or a price floor is imposed.
During the oil crisis in the 1970s, long lines at gas stations disappeared soon after price controls were removed and gas prices were permitted to rise. Should this even be interpreted as evidence that the oil companies have monopoly power Why or ..
Explain how are people worse off when the price level rises as fast as their incomes
Fixed costs exist only in the short run. In the long run there are no fixed costs." Why might the time frame for the "short run" differ from one industry to the next? Provide examples of two industries with different time frames for the short run
What will happen to the money supply in a checkable-deposits-only system? a) The required reserve ratio is 10%, and a depositor withdraws $2,000 from his checkable bank deposit.
Discuss the distinction between spontaneous and designed order.Needs to be 1000 word essay relating to institutional economics. Drawing on readings from Coase, Williamson, Easterly and Henry and Miller.
Ceteris paribus, Diet Cola Brand X and Diet Cola Brand Y are substitutes in consumption. The price of Diet Cola Brand Y falls. a. What happens to the demand for Diet Cola Brand X? b. What happens to the demand for Diet Cola Brand Y?
How many major wireless phone handset manufacturers are there? What is the market structure? What pricing strategies do wireless phone handset manufacturers use?
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