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For this assignment you need to explain how fiscal policy is different from monetary policy, including who implements these policies, the goals of each policy, and problems with or limits on those policies. When completing your assignment you should,
Suppose the demand for a product is given by P = 30 - 2Q. Also, the supply is given by P = 5 + 3Q. A) What is the equilibrium price and quantity of the product B) What is the price elasticity of demand at the equilibrium price
Suppose that Belgium cocoa beans can be sold in the U.S. The U.S. demand schedule for Belgium cocoa beans is as follows: Price of Belgium cocoa beans (per pound) Quantity of Belgium cocoa beans demanded (pounds)
Suppose a depositor comes to the bank and withdraws $200 in cash. Show the banks new balance sheet assuming the bank obtains the cash by drawing down its reserves. Does the bank now hold excess reserves
Explain why the kitchen can produce more meals in a given period of time if each worker specializes in what they do best than if each worker tries to do everything from appetizer to dessert.
The first provides foundation and structural details so that two additional stories can be added to the required initial two stories at a later date and without modifications to the original structure. by what time would the additional two stories ..
In the United Kingdom the lifeboat service is funded by charitable donations. How can this work? How are the rescue services funded in other countries?
Would it be even more efficient if the most popular spots such as Annapolis Rock had more highly priced access? Why do you think we don't see more market solutions to the tragedy of the commons?
A firm is a natural monopoly (Chapter 11). Its marginal cost curve is flat, and its average cost curve is downward sloping (because it has a fixed cost). The firm can perfectly price discriminate.
A security system costs $ 17000, and annual maintenance is $ 950. After 5 years, the salvage value of the system is $ 3000. The interest rate is 8 %. Determine the equivalent annual cost.
Give two reasons that the unemployment rate may not measure correctly what we want it to measure.
Suppose that 3 countries who form a cartel agreed to divide the oil market equally. Demand for oil is given by P=50-.1Q where P is the price of oil in dollars per barrel and Q is the Quantity in thousands of barrels per day. Each of the 3 countrie..
What type of tax is your friend suggesting? What is its appeal?
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