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Advanced problem. Reread the definition of the fundamental trilemma as well as the discussion by Paul Krugman on page 581. Explain why the three elements cannot go together. Why is there not a fundamental trilemma for the fixed-exchange-rate system between "California dollars" and "Texas do!Jars"? Explain how the trilemma would apply to China today. Explain the arguments for and against each of the three possible choices in the trilemma described by Krugman.
Using Microsoft (MS) Excel, construct a graph showing supply and demand in the E-Book market based on the data above. (Save this file because you will re-work it later in the assignment.) When finished, copy and paste or import your graph into an ..
suppose the economy is in equilibrium and the equilibrium real GDP is 1500 billions. Suppose further that the MCP is 0,8 if the government wants to increase the real GDP to 2000 billions , by how much should the government increase /decrease.
A Honda Accord sells for $28,000 in the United States and for SF35,520 in Switzerland. Given an exchange rate of SF1.25 = $1, how do the car prices of both countries compare
Casper consumes cocoa and cheese. Cocoa is sold in an unusual way. There is only one supplier, and the more cocoa you buy from him, the higher the price you have to pay per unit. In fact y units of cocoa will cost Casper y2 dollars.
suppose the daily demand for coffee in seattle is qd 1000003-p2a. what is the elasticity of demand at a price of 2b.
Why might you expect the marginal product of additional workers to diminish eventually?
After several months of price hikes, the price of butter reached the price observed before demand decreased. A blogger suggested that the rising price of butter was evidence of a conspiracy on the part of butter producers.
An asset with a cost basis of $100,000 and an ADS* recovery period of five years is placed in service and is expected to generate net cash flows of $30,000 per year during its 6 years useful life. Its salvage value is expected then to be negligib..
Simplify depreciation to be calculated as straight line over 30 years. It will be financed with a 30 year loan at 8% interest compounded annually with annual payments. It will be sold at the end of year 15 for $300,000, at whi..
you are interested in estimating the following modely aoa2x2 a2x2uhowever you have detected an exact linear
Determine the circuit's operating points for an input dc level of 0.9 V.
What arguments would you use? What are the weaknesses in those arguments?
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