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Write down the three functions of money, and why are they significant? Write down the differences between M1 and M2? How can Fed affect money supply by using discount rate?
Because of America's large budget deficits, the government is borrowing much from foreign countries. There are experts who believe, it is not economically wise for foreigners to hold so much of U.S assets.
Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource differences. What are some examples of goods that the U.S. has comparative advantage in producing
identify a time in your life when you had to make a personal or professional decision such as buying a home changing
The demand and supply curves for T-shirts in LA, Ca, are given through the following equations, Determine the equilibrium price and quantity after the shift of the demand curve.
Most of us participate in the economy every day. As households, we can provide labor to companies or government in the input market and we are also consumers of goods and services in product market.
In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Describe the actions the government would take in conducting expansionary fiscal policy and expansionary monetary policy.
select and describe a leader you admire. your selected leader may be either a real-life individual or a fictional
Although GDP per capita is the most commonly used measure of a country's success, many economists believe it does not give an accurate measure of a nation's economic well-being. Some studies have concluded that GDP is not the best measure
The long-run equilibrium for a perfectly competitive industry occurs when the firms are earning economic profits of zero. Why would firm stay in business if it is making zero economic profits
discuss the problems associated with having a persistent vs. temporary current account deficit and determine which
1. if an economist says the higher the price of oranges the fewer oranges individuals will buy ceteris paribus this
Assume that the following table describes prices, incomes, and per person lobster consumption in three United States cities.
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