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Assuming the velocity of money is constant, nominal money supply is growing at 10 percent a year and real incomes are growing at 7 percent a year:
a) What is the inflation rate in this economy?
b) What would happen to the inflation rate if real incomes were growing faster? What if the money supply grew faster?
c) If the inflation rate leads to an increase in the nominal interest rate, how does this affect the velocity or money? Would the inflation rate increase or decrease?
d) Identify two reasons why the velocity of money might change. Explain in two lines each.
If you were going to design an access system that would control people getting into your favorite or most valued items
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At the moment the market is completely ignoring things like record U.S. trade deficits and the widening curent account deficit. It is also largely ignoring the possibility of Federal Reserve rate cuts. In what way is fiscal easing in Japan relevant h..
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It is always better to hire a more qualified and productive worker then a less qualified and productive one regardless of cost.
When your income goes up to $50,000 from $40,000, demand for Scotch Whiskey increases from 500 to 600. Calculate income elasticity of demand.
A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $35.00 per unit for all successive units. What is the average varia..
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Using the value of MPC = 0.8, and knowing the difference between the values of expenditure multiplier and the tax multiplier, it can be safely stated that the reduction of taxes by $400 billion (other things staying the same), Estimate increased leve..
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