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Consider the question of whether the United States should adopt a gold standard, remain in the current float-based system, or use some other system. Consider the impossible trinity mentioned above and carefully define all terms and concepts to which you refer. Explain the reasoning behind your answer and not the changes to the US economy and policy that would be required in any change.
Find out the optional number of units to put in a package. How much should the firm charge for this package?
Compute the cross elasticity of demand among kingston's product and the rival product.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulate..
show nominal GDP and an appropriate price index for a group of selected years. Compute real GDP, and indicate in each calculation whether you are inflating or deflating the nominal GDP data. Instructions: Round your answers to two decimal places.
Consider the Linear demand function Q = 20 - 0.5P. using calculus, find the level of output, Qrmax, where total revenue reaches its maximum value.
Imagine a sales tax rate is 3%. This tax rate isthe same on all purchases. The tax is not considered aproportional tax. If it is not considered a proportional tax,what kind of tax is it? Explain your answer. Use anumerical example to prove your answe..
If the reserve ratio is 15 percent and commercial bankers decide to hold additional excess reserves equal to 5 percent of any newly acquired checkable deposits, then the relevant monetary multiplier for the banking system will be:
For the argument in favor of state subsidies, draw (by hand is OK, but make sure it's neat) a supply and demand diagram that shows the positive externality, the effect of the subsidy, the market outcome, and the socially optimal outcome.
Assume that you test the Linder hypothesis by comparing Germany's absolute difference in per capita income from each of its trading.
What is the expected value of the lottery? What is the variance of the outcomes?
What is the value of APC at income level Z, at income level RM 2000, what is the value of APC
Discuss the appropriate discretionary fiscal policy that the government should adopt, given the above situation.
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