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Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank.
Design and submit a plan consisting of simple steps for someone to follow in selecting their own wireless devices
Suppose that on January 1, the price of one hundred yen was 80?(80 cents) and PPP held. Over the year, the Japanese inflation rate was 5 percent
first assume that all us produced wheat is consumed domestically and there are no wheat imports. next assume that the
Classify each of the following scenarios as an example of adverse selection or moral hazard. Be sure to support your answer! Nordstrom†TM s cannot predict who is going to be a good shoe salesperson.
Our first look at bargaining: a simple version. A wealthy man has decided to allocate his fortune between his two children when he dies. For fun, he decides to include them in on the process. Can you identify any symmetric Nash equilibrium? If so, pr..
If mortgage rates rise from 5% to 10% but the expected rate of increase in housing prices rises from 2% to 9% , are people more or less to buy houses. IRs was lower in the mid-1980s than in the late 1970s, yet many economists have commented that real..
Although economists speak as if economic growth is necessarily a good thing (your author not excluded), many question the sustainability and even the morality of ever increasing economic growth. A way to consider this is whether you are "happier," no..
Name two examples of transfer-oriented industries with firms located in central cities today. Describe what they produce/sell. Use what we have covered in class to explain why their location decisions make economic sense.
Explain the Krugman Imperfect Competition Model of intra-industry trade in automobiles, and what the model means. Use diagrams to demonstrate the model in autarky and in free trade, and to show the existence of gains from trade.
(a) Set up the cash flows. (b) Determine the interest rate (nominal and effective) for the lease.
Suppose the world price of cotton rises. The demand for labor among cotton-producing firms in Texas will (increase or decrease). The demand for labor among textile-producing firms in South Carolina for which cotton is an input will (increase or decre..
A plastics company is considering two injection molding processes. Process X will have a first cost of $600,000, annual costs of $200,000, and a salvage value of $100,000 after 5 years. Process Y will have a first cost of $800,000, annual costs of $1..
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