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Articulate the functions of money and the connection between growth in the money supply and inflation. Discuss the implications of government trade policies as they relate to the growth of the economy. What macroeconomic concepts are used in the theory of open economies?
1. under what conditions does a nominal tariff applied to an import product overstate or understate the actual or
If the government of Amityville used a subsidy of $S per unit to encourage the optimal amount of chocolate production, illustrate what level should that subsidy be.
Illustrate what range of labor input is marginal product smaller than average product. What is happenning to average product as employment increases over this range.
Select an economy that initially has a labor force of 2000 employees. Of these employees, 1900 are employed and each works forty hours per week. Ten units of output are produced by each hour of labor.
Markets are a very good way to organize economic activity in our economy. Why do we classify price floors and ceilings as a type of market failure and why does the government need to get involved in these types of markets?
Suppose, in a given week, float raises $900 million, Treasury deposits at the Fed rise $1500 million, discounts and advances decline $200 million, and foreign deposits at the Fed increase $150 million.
Market supply of labor The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours per week (QT) supplied to the market.
by early 2008 most economists believed we were heading towards recession. congress and the president passed an economic
Define the cross-price elasticity of demand and What information does it provide - What is total revenue? How is it calculated?
Illustrate what most people do not realize is that what the Fed is actually doing is changing money supply (and not interest rates directly). When money supply changes, interest rates automatically adjust to keep the money market in equilibrium.
Illustrate what would have been the likely outcome had the government not intervened to help with key economic issues of the companies please do a detail analysis.
1.Commercial hotels cater chiefly to business travelers on the move and that's one reason why the term "transient hotel" is also used for this designation.
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