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Suppose that this year's money supply is $500 billion, nominal GDP is $10 trillion, and real GDP is $5trillion.
a. What is the price level? What is the velocity of money?b. Suppose that velocity is constant and the economy's output of goods and services rises by 5 percent each year. What will happen to nominal GDP and the price level next year if the Fed keeps the money supply constant?c. What money supply should the Fed set next year if it wants to keep the price level stable?d. What money supply should the Fed set next year if it wants inflation of 10 percent?
What are the highest and lowest payments from the writer that the beekeeper-farmer team will accept for the sixth day Assuming that the farmer can dispose of the $7 from the writer as she wishes, what range of payments will the beekeeper accept
Tanya operates a home business importing sweaters from Peru and sells them from her home. She collects $400,000 in revenue a year, and spends $200,000 on the sweaters and shipping costs, as well as $25,000 on advertising, accounting services and u..
suppose that a gambler plays a $1 game 7 times. in each game, his probability of winning is 20 percent. if he wins, he gets $4 prize. he gets nothing if he loses. to profit on the games, he must win at least twice. what is his probability of winni..
What is the multiplier? How is it calculated? Why is the multiplier related only to consumption spending?
Suppose McDonalds puts up five new stores in San Francisco using exactly the same floor plan, capital equipment, and number of workersthen the long run average cost curve of McDonalds would be and the company experiences
A small pipeline will cost less to purchase (including valves and other appurtenances) but will have a high head loss and, therefore, a higher pumping cost.
Determine the present worth of 5 annual deposits of $1,200 at the end of years 1 through 5, followed by 4 equal annual withdrawals of $700 at the end of years 4 through 7. Note that both years 4 and 7 will have a depsoit and a withdrawal. Interest..
A company makes a piece whose income is 100-0.02n marginal and total cost is \(0.0002n^{2} 10000\) . Where n is the volume of production. What is the volume of production to minimize unit production cost, maximize profit and break even point
What is the risk (standard deviation) that this investment manager has assumed in his calculation if it is known that returns are normally distributed with a mean of 5.6%?
Determine the effect of mandated health insurance profits be on the labor if the employees do not place any value on the benefits? What if they do place value on the profits?
This is for a Macro class I am taking a test prep and I need like a step by step guide as to how i can do this using excel (the data must be found online) I apreciate as much help as possible! Question 1- Using a spreadsheet program, download the..
The given information is the quarterly sales of gasoline in the U.S. in millions of barrels during part of the 1980s and the 1990s. Determine the linear trend and use it to forecast sales for first quarter of 1992.
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