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Describe the monetarist critique of discretionary monetary policy.
Why did monetarists like Milton Friedman believe that the Fed expanding the money supply is unlikely to increase output? What did he mean when he claimed attempting to control interest rates by means of monetary policy is a fundamental mistake?
Define Extensive and Intensive Margins of Health Care Use (define and explain with one example for each). How does marginal productivity of health change
What kinds of changes in underlying conditions can cause the supply curve to shift? Give some examples and explain the direction in which the curve shifts.
If the U.S. production function is Cobb-Douglas with capital share 0.3, output growth is 3 percent per year, depreciation is 4 percent per year
Suppose housing (H) and air quality (A) are the only two things entering into Aaron's utility and the utility function is U(H, A) = A ∗ H. Suppose Aaron's income is $10 and the price of housing is $2. (a) Air quality is a non-excludable, public good ..
The transition from government-determined to market-determined prices in Russia caused: A. inflation B. deflation C. price level stability. D. a surge of exports from Russia. Which of the following statements best characterizes the economic changes o..
If the bond's current market price is $913, what is the fair market price of the bond?
Power often accrues to individuals who are very effective in their jobs or to firms that enjoy sustained high performance.
Explain ethical issues that arise in domestic and global business environments using an understanding of ethical concepts and of legal and business principles.
Why do central banks conduct inflation targeting (IT) as a policy framework? Discuss some of the advantages and potential disadvantages of a central bank
Explain the liberal perspective on markets and the state with specific reference to the Keynes/Hayek debate. Why are the differences between them vital for understanding contemporary international political economy?
determine whether either or both of the mergers should be allowed. Write up you analysis as a recommendation to the Federal Reserve Board, which will use your analysis to make a decision. Be sure that your answer includes the numerical considerati..
You expect to live in a house you are planning to own for 5 years, with a $300K loan. You could get a 3/1 ARM amortized over 15 years at 3.9 % or a fixed 15 year loan at 5.0%. Assume the upfront costs and insurance under both loan options are the sam..
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