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The Federal Reserve benefits
The Federal Reserve (The Fed) is probably the most independent government agency in the United States. Independence means that the Fed is free from presidential and congressional political pressures. Every few years, the question arises in Congress as to whether the independence of the Fed should be curtailed. Politicians who strongly oppose a Fed policy often want to bring it under their supervision in order to impose a policy more to their liking.
Should the Fed be independent, or would we be better off with a central bank under the control of the president or Congress?
An economists have estimated the subsiquent transportation elasticities.
The BLS estimates that in 2002, the number of working-age adults was 211.9 million, labour force was 141.8 million, and the total number of employed was 135.1 million. Calculate the following:
If the price set is the profit-maximizing price, elucidate the price elasticity of demand for calculators faced by the plant.
Differentiate among movement along and shift of the demand curve. Explain the relationship between market and aggregate supply and demand.
The cost of a seasonal pass to six flags great adventure is not much more than a weekly pass.
Describe significant current trends related to IT in a business setting and your personal life. What are the pros and cons to the increasing use of technology to disseminate information.
The cost of digital cameras calls. What happens to the demand for memory card. What happens to the demand for digital cameras.
Suppose Acme decides that instead of cutting the wholesale price of the CD players it will offer a $50 rebate to the consumer (that is, the wholesale price is $200.
When and why were the inflation and unemployment rates negatively correlated? When and why were the inflation and unemployment rates positively correlated?
In the short-run, machinery is fixed also labor is variable for a business that uses only these two inputs. If, at the current level of output, marginal product of labor is declining
Illustrate a supply or demand curve shift for the following article. The price of oil fell on Monday, January 12, 2009 as the weak economy has undermined oil demand. Light, sweet crude for February delivery fell $3.24 or 7.9%, to $37.59 a barrel.
Plot both together on a supply-demand graph. Calculate the equilibrium P and Q, and show them on your graph as well. Also calculate CS (consumer surplus) at the equilibrium.
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