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If the rr is equal to 5%, what is the value of the money multiplier (simple deposit multiplier)? If $30,000 in cash is taken from under your mattress and deposited into a bank, predict the impact on the money supply in the economy.
Consider an agricultural subsidy provided by the US government. Consider also that milk is one of the products subsidized. If there is NO trade with the rest of the world, the domestic price of milk in the US would be $2.25 per gallon and the equilib..
Suppose that people expect inflation to equal 3 percent, but in fact, prices rise by 1 percent. Describe how this unexpectedly low inflation rate would help or hurt the following: homeowner with a fixed- rate mortgage. a union worker in the second ye..
This week there was news that some prices are rising. I heard that in some countries where corruption is high the prices are also higher. I wonder if there is causality or just both at same. It would be interesting to find some material to support if..
identify the circumstances under which Sarah should choose package A, the circumstances under which she should choose package B.
The production function at Ginko's Copy Shop is q = 1000 x min(L, 3K), where q is the number of copies per hour, L is the number of workers, and K is the number of copy machines. As an example, if L = 4 and K = 1, then the minimum of L and 3K, min(L,..
St. Mary's Hospital owns a prime piece of real estate in the center of town. There is a small shopping center on this piece of land. Rents for each store are $4,000 per month. It hires three nurses monthly at $3,000 each. Furnishings are included in ..
The city of Sheffield, England, has long been associated with the manufacture of high-quality steel and steel products. A Sheffield thwytel [knife] was even mentioned by Chaucer back in the 14th century.
How does anarchy lead to a focus on consensus and give power to veto states and coalitions? How does ecology and sovereignty collide?
Explain the relationship between the price elasticity of demand and total revenue. What are the impacts of various forms of elasticities (elastic, inelastic, unit elastic, etc.) on business decisions and strategies to maximize profit? Explain using e..
The radio manufacturing industry has been in decline for quite some time. Suppose the government is called on to save this industry with infusions of cash, low interest loans, or other special breaks. This might be touted as helping firms remain open..
Assume that you own a 10-acre plot of land that you would like to rent out to wheat farmers.
Between 2013 and 2014 in a particular nation, the value of the consumer price index—for which the base year is 2010—rose by 9.091 percent, to a value of 120 in 2014. What was the value of the price index in 2013?
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