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Why is the Twelfth Federal Reserve district so geographically? large, while the Second Federal Reserve district is so small by? comparison?
A. The districts represent the population and economic interests in 1913 when the Federal Reserve Act was created.
B. The size of the Second Federal Reserve district reflects its importance and special role in the Federal Reserve System.
C. The size of the district reflects its relative importance in the Federal Reserve? system: The smaller Second district is economically less important than the very large Twelfth district.
D. The larger size of the Twelfth Federal Reserve district is the result of lobbying by bankers and business people.
Suppose the demand functions facing the wireless telephone monopolist are QdL=80-50P for each low-demand consumer and QdH=2000-50P for each high-demand consumer, wherePis the per-minute price in dollars. The marginal cost is $0.10 per minute. Suppose..
Assume that the market for wheat is perfectly competitive, with demand curve P = 5000 ? 0.01QD and a supply curve P = 1+0.1QS. Each identical wheat producer has a total cost curve given by T C = 1+Q+Q2 , which results in marginal cost of MC = 1 + 2Q...
Using a market or industry as an example, explain how the Prisoners' Dilemma game helps explain observed (real-world) behavior among oligopolistic firms.
In the classic Ricardian model, international trade can lead to increases in the world output of both products and increases in consumer welfare in both countries. An increase in labor endowment will have the same effect of the Ricardian PPF as an im..
Given the initial demand and supply curves for prescription drugs and an equilibrium price and (3) questions ) quantity, select from the list below the ones that the direction of change will be to the right. Consumers become more enamored with the wo..
One of these firms is considering opening up a new product line, in a market in which it would be the only firm. So, adjusting the notation to now capture demand in the monopolistically competitive industry with Q1(p1) = 140 − p1, and the demand it w..
Suppose the current equilibrium price of a quarter-pound hamburger is $5 and 10 million quarter-pound hamburgers are sold per month. After the federal government imposes a tax of $.50 per hamburger, the equilibrium price of hamburgers rises to $5.20 ..
You are trying to sell your audio system (an amplifier and speakers) to raise money for an upcoming trip to overseas. The system works great, and audiophile friend tell you that if he were in the market for this kind of equipment (which he isn’t), he..
Visit the Bureau of Labor Statistics for state employment also unemployment.
The financing of a government deficit increases interest rates also, as a result, reduces investment expenditure.
Giving a brief explanation, determine the likely effect of each of the following on the value of GM stock.(Consider each event independent of the others.) a. The Federal Reserve lowers both the "discount" rate and the Federal Fund rate.
What role does microeconomics play in business decisions compared to macroeconomics. Can you assit me with a real life example that would show the impact on the decision making process of the business.
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