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The currency standard in the United States is called “fiat” which basically means that money has no security backing. In other words, our government has the ability to print as much money as they feel is necessary. What would happen to each of the following economic variables: M1, interest rates, inflation and wages, if the government increased the money supply by 20 percent per year? In general, what impact does increasing or decreasing the printing of money have on the economy (in your discussion, use the concepts of the demand and supply of money). Use the demand and supply graph to explain your answer.
How will each of the following affect the supply for insurance?
q1. which of the following market transactions of final goods and services are excluded from the computation of u.s
the circular flow diagram is model of how the economy works. explain how the model would change if the following events
Select a multinational firm of your choice and describe its corporate-level and business unit-level strategies. Support your answer with relevant data.
Use a short-run Phillips curve to Explicate why the inflation rate may decrease over the course of 2009. Under Illustrate what circumstances might the inflation rate not decrease during 2009.
Illustrate what is the marketing concept recognizes that individuals pass through stages in the course of their lives in groups that are related to their age, period of mat¬uration, and environmental events.
Suppose an economy has the following production function, Y=K^1/3 (AL)^2/3. Furthermore, suppose that that the growth rate of capital is 3%, the growth rate of the population is 4% and the growth rate of technology is 2%. Derive the equation for the ..
Draw an arbitrary budget constraint for a person, assuming that he or she receives no government subsidies. Then draw in the budget constraint that arises from the above housing subsidy proposal.
Derive and explain the derivation of a production possibility curve. Show how it is possible to have actual GDP above "potential GDP." What is potential GDP?
Suppose a firm employs capital (K) and labor (L) to produce a product with the following production function: Q = min(K, L), where Q is the quantity produced and min(K, L) is the minimum (i.e., smallest) value of K or L. For example, if K = 20 and L ..
Jim’s utility function is U(x, y) = xy. Jerry’s utility function is U(x, y) = 1, 000xy + 2, 000. Tammy’s utility function is U(x, y) = xy(1 − xy). Oral’s utility function is U(x, y) = −1/(10+ 2xy). Who has the same preferences as Jim? Who has the sam..
The equilibrium price and quantity in a market usually produces allocation efficiency because marginal benefit and marginal cost are equal at that point. Explain how a market for human organs would affect the supply curve and equilibrium price and qu..
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