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Suppose that the minimum required reserve ratio for banks was 1/11. Also suppose that banks held no excess reserves and that currency in circulation was unchanged. What action in the Treasury bill market would the Fed have to take to increase bank checking account deposits by $990 million?
Illustrate what are the major factors that have affected U.S. household consumption since the recession in 2001.
Gail works in a flower shop, where she produces 10 floral arrangements per hour. She is paid $10 per hour for the first eight hours she works and $15 an hour for each additional hour she works. What is the firm’s cost function? What are its AC, AVC, ..
In contrast to neoclassical growth theory, new growth theory lays more emphasis on
Typically the government: Inflation caused by people’s expectations of inflation is called self-fulfilling inflation. The _____ the unemployment rate and the _____ the rate of inflation, the higher the misery index. If the nominal rate of interest i..
What are examples of a perfectly/purely competitive firms that you have recently purchased a product from in the last couple of months? Explain how you relate your answer to the market characteristics.
George, who owns and runs Tots Poses, expects to encounter an average of eight customers per day, each with a reservation price shown in following table. What are total revenues, average revenues and marginal revenues
Assessing the development of the discipline from today's perspective, how would Keynes's impact compare with that of your candidate.
Consider a monopolist with demand curve P= 100-Q/2 . The total cost of production is 10Q + 1500 for positive ouput and 500 if it shuts down production. Illustrate what is the maximum profit the monopolist can earn (assuming no possibility of price..
Suppose that the U.S. economy is initially in Long Run Macroeconomic Equilibrium. An increase in the corporate income tax rate will lead the U.S. ____ curve to shift and create a(n) ____.
Identify a topic that you think is an important one for near-term research by environmental economists. What advances in knowledge would you hope emerged from it, and how could it be used to inform environmental policy? Be specific. And make sure you..
1. if the 4 firm concentration ratio of an industry is 75 what does it mean?2. explain in game theory how payoff
In the article on China holding $3 trillion in dollars, for every dollar it holds in reserves, it prints
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