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The Federal Reserve is most likely the most independent government agency in the US. Independence means that Fed is free from presidential and congressional political pressures. Every few years, the question arises in Congress as to whether the independence of the Fed should be curtailed. Politicians who strongly oppose a Fed policy often want to bring it under their supervision in order to impose a policy more to their liking.
Should the Fed be independent, or would we be better off with a central bank under the control of the president or Congress?
You have the following data for the last 12 months' sales for the PRQ Corporation (in thousands of dollars): Calculate a 3-month centered moving average.
What are the various methods of inventory valuation? Explain the effect of inventory valuation methods on profit during inflation. What are the provisions of Accounting Standard 2 (AS-2) with regards to inventory valuation?
A competitive market is intended to result in improved efficiency, though it will not necessarily improve equity. That is, a competitive market might encourage efficient production but may not necessarily result in a redistribution of wealth
Which of the following statements best states the demand for agricultural commodities?
Explain the law of demand. Why does a demand curve slope downwards? Distinguish between a change in demand and a change in quantity demanded.
The French government has recently increased the retirement age, a decision which is opposed through a large fraction of the French public, especially in students
Describe how each of following will affect consumption and saving schedules as they relate to GDP or the investment schedule, other things equal,
Why does the burden of sales tax fall completely on customer when the value elasticity of demand is perfectly inelastic; the seller when perfectly elastic.
A major step toward mastering the economic way of considering is learning to reason in terms of supply and demand. I have listed many questions below to answer and practice these ideas.
You manage the plant the mass produces engines by teams of workers using assembly machines. The technology is summarized by production: Find out the short run production function? Find out the total cost function for your plant to produce q engines ..
Write down the some real-life examples of monopolistically competitive, oligopoly, and monopoly markets.
Summarize the differences between the four market types. Provide a general explanation of how business may maximize profit within each market type.
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