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The Board of Governors of the Federal Reserve System:
A. ?establishes, within? limits, reserve requirements.
B. effectively sets the discount rate.
C. sets margin requirements.
D. Only A and B are correct.
E. All of the above are correct.
Illustrate what sets the 1st generation marginal lists apart from their second generation marginal list
Farmer Purple wishes to choose the most cost-effective way of harvesting his quinoa crop. Purple has three choices of combinations of differing amounts of machinery and labor. The table to the right shows the three production technologies.
Explain what happens in the marketplace when the federal government, in response to lobbying by (small) farmers, places a floor price under a bushel of corn that is greater than the market equilibrium price;
What is a country’s production possibility frontier and how can it be used to think about the benefits of globalization? Set out two reasons for increased globalization in recent decades? Siglitz argues that globalization has “asymmetric” effects on ..
The marginal utility of a pizza is 20 utils, and its price is $2. If you buy one unit of each good, will you achieve consumer equilibrium? If not, how can greater total utility be obtained?
If the central bank (such as the fed in the us) of a country is steadily losing their foreign exchange reserves under a fixed exchange rates, then probably
First suppose that there is no tax in the country Randland. A resident, Dagny, has an hourly wage of $50. Now, suppose that a new leader takes over Randland and he implements the following income tax (with respect to daily income for consistency): H..
Congress cannot dictate how many workers industries hire at mandated wage. Given this fact, Illustrate what are effects of this law. Specifically, illustrate what happens to employment, output and total amount earned by workers.
Think of an externality in your community. Explain what type of externality it is. How can it be resolved (through the market and/or through government policies)?"
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. Describe the busi..
Bob's utility function is UB = (hB - 1)2sB where hB and sB are his consumption of hamburgers and salads respectively. Let p be the price of hamburgers measured in salads. Alice is endowed with one salad and two hamburgers. Bob is endowed with six sal..
Each of the 10 firms in a competitive market has a cost function of c=25+q^2. The market demand function is q=120-p. Determine the equilibrium price, quantity per firm and market quantity.
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