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Revise the 2 articles
Moss chapter 7
Pack 11. Background Note. Francis Warnock. Exchange Rate Models
answer these two questions using your own words
-Should the gold standard be reinstated to combat currency volatility?
-What are the pros and cons of maintaining the monetary union and the euro, versus returning to national currencies to tackle the current euro-crisis
Source - Exchange Rate Models1
Consider a manufacturing firm operating a given scale of plant
What is monetary policy? How does the Fed increase money supply? What is the effect of an increase in money supply? Explain how government deficits lead to increases in the money supply.
In 1955, Akio Morita, founder of Sony, came to the U.S. to drum-up sales for a new product his company had recently developed. Morita anticipated that Sony would sell approximately 30,000 transistor radios per year to get started. What was Morita dra..
A grocery store notices that the cross-price elasticity between ice cream and chocolate syrup is -.3. The store is advertising a sale with ice cream prices reduced by 20%. By how much should they expect chocolate syrup sales to increase?
question 1explain and illustrate with diagrams the differences between diminishing marginal returns and decreasing
Suppose a potential entrant is considering entering, but the monopolist has a cost advantage in that the MC for the potential entrants is: MCe = ACe = 50. Assume that the monopolist continues to maximize his profits, solve for the residual demand cur..
Suppose you do not want to be disturbed by phone calls in class and are willing to pay $5 for the first minute call reduced, $4.5 for the second minute reduced, and so on. Drive the formula for your marginal benefit and draw the MB curve.
Are there circumstances in which it might be possible that deficits could increase productivity and long-run growth?
Suppose foreign shrimp prices drop by 32 percent and importers gain a 90 percent market share. From this information, what would economists strongly suspect about this industry?
2. The purpose of this exercise is to acquaint you with some simple mathematical relationships and how they translate into graph. Economic models can come under the form of equation such as Y=F(L), Y is depandent variable, L is indepandent variable, ..
discuss some reasons for which individual consumers or households might be motivated to provide public goods such
this is about unemployment rates during the depression. if it started at 1.8 then raised to 25.2 what percent would
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