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If monetary authorities want to be activists and affect the GDP of a country, what monetary policy tools do they have at hand to do so. Define and explain each of the policy tools. Use text boxes to build a schematic diagram that shows the entire chain of causation resulting in a change in GDP or Y. explain and describe the logical chain of causation. If the monetary authorities want an "expansionary policy" describe how each of the listed instruments would be used.
If, in the context of a standard production function, Y = F (K,N) where K represents physical capital and N represents raw labor, we were to interpret the Solow residual (?A/A) as “technological progress,” we would be in error. What, besides technolo..
Suppose prices are equal in Europe (in euros) and the US (in dollars) at the end of 2006. In 2007, prices increase by 3% in Europe (in euros) and 1% in the US (in dollars). According to PPP, the euro should appreciate or depreciate? By how much?
Explain how the quantity of executives demanded, the quantity supplied, and executive pay will change based on the above statement.
Consider a monopoly where the inverse demand for its product is given by P = 50 ? 2Q. Total costs for this monopolist are estimated to be C(Q) = 100 + 2Q + Q2. At the profit-maximizing combination of output and price, deadweight loss is:
Managed care has had a significant impact on the delivery of behavioral halth services. This has influenced the way that the behavioral health industry conducts business.
Assume that each year this consumer buys only annual subscriptions to economics statistics apps and subscriptions to office productivity apps.
In this week's readings from The Travels of a T-Shirt in the Global Economy, the author describes the concept of government subsidies as "tools to help assure the financial success of cotton farmers in America."
Come up with an example of adverse selection, explain why it is an adverse selection problem. Explain why this could lead to "market failure," i.e., why total s
Do you think that people who “live beyond their means” display a character flaw by borrowing? What about a government that fails to confine its expenditures to the amount of its tax receipts? Describe what is meant by intangible wealth and is it impo..
1. In a paragraph, distinguish between positive statements and normative statements in economics.
What are the studies that control for changes in technology, capital availability and perhaps other factors and quantify the impact of merger control on economy-wide market structure/concentration measures?
Discuss ONE strength OR ONE weakness of capitalism. Do we have any government (federal or state) policies designed to take advantage of the strengths? What are they and how do they work? Or, alternatively, do we have any government policies that atte..
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