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Go to the Federal Reserve's Web site (www.federal reserve.gov), follow the links to Monetary Policy and the FOMC, and find the press releases ("statements") from the last two FOMC meetings. Has the FOMC raised or lowered interest rates at these meetings? What reasons do the press releases give for these actions? Would you describe these actions as movements along a given policy rule (i.e., interest rate changes arising from a concern about inflation) or as shifts in the policy rule (i.e. , policy actions in response to factors other than inflation) If you feel the policy rule has shifted, what factors was the FOMC reacting to?
which rectangle measures total profit?
Show graphically and calculate the terms of trade gain, the efficiency loss, and the total effect on welfare of the tariff.
For Question 1-8, consider a competitive market for a good where the demand curve is determined by the demand function: P=5-QD and the supply curve is determined by the supply function: P=QS. Where P stands for Price, QD is quantity demanded and ..
Characterize the equilibrium number of varieties (at which all monopolistically competitive variety producers make zero profits) and compare this number with the answers to the previous two parts. Explain the sources of differences between the equ..
Vincent van Gogh can produce paintings at constant marginal cost cV V G = 1. The population of buyers of VVG paintings is grouped into two categories: Serious Art Collectors (SAC) and Casual Art Collectors (CAC). The SAC to CAC population ratio is..
In a more typical situation, the government does not know the cost of pollution reduction for each firm. If the government decides to reach its overall goal by imposing uniform reductions on the firms, calculate the reduction made by each firm,
suppose the own price elasticity of market demand for retail gasoline is -0.8 the rothschild index is 0.7 and a typical
If a customer withdrew $2,000 in cash from a bank and the reserve ratio was 0.2, by how much could the supply of money eventually be reduced?
Indias GDP per sapita is $3,000 and lets say that real output per person there grows at 5 perccent per year. Using the rule of 70, how many years will it take for india to reach italys current level of GDP per capita, about $24,000 per year
a. What is the real value of output (Q) Now assume that the Fed increases the money supply by 10 percent and velocity remains unchanged. b. If the price level remains constant, by how much will real output increase c. If, instead, real output is fixe..
a. The opportunity cost of 1x of moving from combination B tocombination D is 2z. b. The opportunity cost of 1x of moving from combination F tocombination D is 0z. c. The economy can never produce combination F. d. The economy can produce combination..
the production function fl 6l23. suppose that the cost per unit of labor is 8 and the price of output is 4 how many
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