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a. Why are check-writing deposits included in the definition of money?
b. Is there backing for coins, paper currency, and check-writing deposits?
c. How can money have value without commodity backing?
Select an article in a newspaper or magazine that discusses a government policy on goods or services.
Illustrate what are the 2 policy options used to influence the economy
Compute point price elasticity of demand for this product.
illustrate what it implies for the relationship between labour supply and productivity growth.
Consider the Bertrand model with no product differentiated in which each firm has a positive and fixed sunk cost F and zero marginal cost. What are the equilibrium prices and profits? Illustrate your result on a proper diagram.
Elucidate if you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than the "full employment" unemployment rate.
Assume two firms, A and B, serve a market with demand D(p) = 100 - p. Assume that (i) they have identical cost functions, c(Q) = 5Q,
Ignoring transaction price explain how much would a buyer have to pay for one call option contract.
1.What is the Federal Reserve (Fed) all about 2.Who is the current Chairman of the Fed 3.Should the Fed remain independent from political authority or should the President and Congress have a say in their operations Why Why not
Suppose that as a result of many years of investment in research and development of new technologies, an economy discovers a new way of producing energy using renewable sources.
Public goods can be produced by either the government or the private sector. Private goods can be produced in either sector as well. The problem is that the market tends to underproduce public goods and overproduce private goods.
Elucidate why monopolistically competitive firms frequently prefer non-price competition to price competition.
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