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The Bretton Woods system and institutions setup after World War II
The U.S. dollar as a reserve currency
Most of the international trades are done in U.S. Dollar and commodities are quoted in U.S. Dollar
The role of the Federal Reserve and its using U.S. government debt as one of its tools to carry out monetary policy
What is the relationship between the current account and capital account?
How is the U.S. dollar recycled back to the U.S. from trade partners?
Why the dollar recycles back to the U.S.?
A marketplace has only two sellers. Both are trying to decide on a pricing strategy.
Describe the concept of economics of scale and how long run costs curves shape the economic structure of industries.
Price benefit analysis of an irrigation project describes the ratio of the discounted current value of benefits to costs is less than one.
Groovy Tuesday, a clothing maker, has found that their costs can be approximated by the equation: C = 500 + 2Q2. The consulting company they hired to estimate their current demand determined that demand is characterized by:
Elucidate how an increase in your nominal income and a decrease in your real income might occur simultaneously.
Explain how an increase in interest rates initiated by the Federal Reserve affects:
Elucidate the impact of inflation, unemployment and the business cycle. Explain if the conditions are consistent with the Keynesian or classical economic theory.
Marketing research shows that the price elasticity demand coefficient for the widgets
Assume that the government increases purchases of goods and services through $20 billion. Using your graph obtained in, draw the new AE line and determine the new equilibrium GDP.
Elucidate how the money multiplier facilitates the creation of money by the banking system and cite resources.
What happens to labour supply increases?-He will work more as wages increase, but only if n > 0.
Suppose you are the manager that sells a commodity in a market that is, for all intents and purposes, a perfectly competitive market.
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