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About four months ago, one Euro traded for about $ 1.18. Recently, the Euro is trading for about $1.29.
a) Explain whether the evidence above suggests whether the dollar is appreciating or depreciating relative to the Euro. What is your conclusion? Explain how you come to that conclusion.
b) Given your answer above (ie. appreciating or depreciating dollar), explain what are some of the consequences of this change. In what ways will this change likely affect the US economy? Be as comprehensive as you can.
According to the quantity theory of money, what is the effect of increase in quantity of money?
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Explain why a monopolist will never set a price (and produce the corresponding output) at which the demand is price-inelastic.
Describe how a change in investment can have big impact on GDP causing a nationwide slump. Recall that investment is "small" relative to the entire economy.
In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?
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Dr Leona Williams a well know Plastic Surgeon, has reputation for being one of best surgeons for reconstructive nose surgery. Dr Williams enjoys a rather substantial degree of market power in this market. She has estimated demand for her work to b..
Suppose a frost kills a large portion of an orange crop, with a resulting higher price of oranges. It has been said that such an increase in price benefits no one since it cannot elicit a supply response; the higher price, it is said, simply "line..
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