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1. The money demand curve is shown in a graph with interest rate on short term assets on the vertical axis. Why use short-term interest on the vertical axis and not the rate of return on other financial asset?
2. What will happen to the money supply is Jamie withdraws $400 from her chewing account and reserve ratio is 5%
3. Using gold as an example, what is the difference between commodity money and commodity backed money?
4. Suppose the annual inflation rate at 7% and 3% of the labour force is unemployed. If you were on the governing council of the bank of Canada, what action would you prescribe? How would this affect the economy, the inflation rate and the unemployment rate?
Illustrate what is your advice to the Canadian government about which market structure to choose for pasta industry.
when buying a car the seller suspects you have an ELASTIC demand
Elucidate the multiplier concept as it applies in this case. Explain what are the qualifications and limitations of the multiplier model.
At which interest rate will an individual be indifferent between receiving $50 per year every year forever (starting one year from now), and receiving $1000 today?
An elderly physician has built up his own practice into a quite valuable business. Now that he is thinking of retiring, he wants to take on a partner to learn the business and eventually buy the practice in three years. Discuss the plusses and minuse..
Mari Sue, who is 16, crashes her mother’s car. Her mother is responsible for the damages caused by her daughter under A. contributing to the delinquency of a minor law. B. family car doctrine. C. failure to exercise proper supervision law. D. none of..
Jessica Alba, a famous actress, starts the baby and family products business, The Honest Company, with Christopher Gavigan. Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetratio..
Graph the following: Demand Curve Marginal Revenue Curve Marginal Cost Curve Average Total Cost Curve B) Identify the profit maximization point for the monopolist. What are the price and quantities that will maximize profit? What is the total profit ..
A company decides to offer an average annual raise of 8%, although the current inflation rate is 10%. Each engineering manager decides on the best way to distribute the salary increase to his/her staff. However, if everyone gets an increase of 8%, th..
The unemployment rate measures only the fraction of the labor force searching for work. Sometimes economists are interested in the length of time that unemployed have been out of work. One convenient summary measure is the median duration of unemploy..
Creative Writing Chose any of our genres (fiction, creative nonfiction, poetry, and drama) and create a short piece (250 - 500 words) that generates an atmosphere of sorrow while maintaining a glimmer of hope.
A car manufacturer claims that its vehicles average at least 25 miles per gallon.
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