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Shannon purchases a bond for $1,142.38. The bond matures in 3 years, and she will redeem it at its face value of $1,200. Interest premiums are paid annually. If Shannon will earn a yield of 7%/year compounded yearly, what is the bond interest rate?
Discuss humanism and its impact on Renaissance art. How did humanism affect the development of Renaissance art? How did patronage work in the Renaissance?
According to the theory of purchasing power parity (PPP), what will happen to the value of the dollar (against foreign currencies) if the U.S. price level doubles and price levels in other countries remain constant? Why is the theory more suitable to..
The attribute that distinguishes money from other assets is that only money. What determines the acceptability of dollar bills as a medium of exchange? When economists refer to the role of money as a standard of deferred payment, they mean that
Suppose that households in the US switched some of their wealth out of their checking accounts and into short term bank CD's. If banks use all excess reserves to support increased lending, what is the effect on this household behavior on the overall ..
Suppose the U.S. grows more slowly than Canada. The best medium term prediction is that the
In a two–player, one shot simultaneous – move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of $500. If both players choose strategy B, each earns a payoff of $100. If player one chooses ..
q1. why the short-run demand for gasoline is less elastic than the long-run demand when the price of gasoline rises
Which of the following is not a "resourcing" option for a domestic firm?
Can you make a decision of what part of the business cycle the U.S. economy is currently in? Why? What factors lead you to this conclusion? You may want to do additional research of sources to reach a conclusion.
An economy has $72, to divide between Hamlet and Ophelia. Hamlet has the utility function u[H] = U[H] (m[H]) = 3m[H], where m[H] denotes his quantity of money. Ophelia has the utility function u[O]= U[O](m[O]) = 42sqrt(m[O]), where m[O] denotes her q..
How did the Spanish crown initially fulfill its need for African slaves in the early sixteenth century? The African kingdom of Kongo nearly disintegrated from internal political struggles that followed many ruinous wars with the... The English joint-..
What would be implied by a positive price elasticity of demand?
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