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1. Explain Monetarism.
2. What is the Taylor Rule and why is it important to this field of study?
3. What is the Lucas critique?
4. Explain the Gold Exchange System of the Bretton Woods era.
5. What are the short run determinants of exchange rates?
6. What happens when central banks buy international reserves?
7. How has China (purportedly) enhanced her export base?
8. What is dollarization and why is it important to developing countries?
9. Explain Fiscal and Monetary Policy using the IS-LM model.
10. Use the Quantity Theory of Money to explain a macroeconomic case of inflation.
We want to determine if the training program was effective. Compute the test statistic. At 95% confidence, test the hypotheses. That is, did the training program actually increase the production rates?
A tariff on imports of a product hurts domestic consumers of this product more than it benefits domestic producers of the product. Do you agree or disagree with this statement, and why?
"Maximizing Revenue" Operating in a monopolistically competitive market structure and faces the following weekly demand and short-run cost functions:
Explain how the “incidence” (i.e. “Who pays the tax”) of a per-unit tax on transactions depends upon the slopes of the supply curve and the demand curve. You may utilize graphical analysis to explain your answer as well. What function do private prop..
If the cross elasticity of demand between Coke and Pepsi is 2.02, then Coke and Pepsi are. Technology reduces the average cost of production, so in the long run.
In a short essay (not to exceed two pages) explain how you see the treatment of internal and external customers. Is one more important than the other? How does this affect “quality” in the organization? Explain why a perfectly competitive market does..
If inflation falls from 5% to 3% to 1.3% it is sometimes called. Typically the government: If the nominal rate of interest is 8 percent and the inflation rate is 3 percent, then the real rate of interest is: The unemployment rate is the percent of t..
Suppose that Canada exports aircraft and imports cloth. Show diagrammatically that if the relative price of aircraft to cloth rises in the international market, Canada’s welfare increases. What do you expect to occur due to substitution effect in the..
The success of the apple ipad leads more firms to begin producing tablet computers. In the six months following the japanese earthquake and tsunami in 2011, production of automobiles in japan declined by 20 percent.
Suppose movie downloads cost $2 apiece and game downloads cost $3. If the marginal utility of movie downloads at the optimal mix of consumption is 10 utile, what is the marginal utility of a game download?
If the two firms each maximise profits independently, explain how much output would each firm produce. Explain how much quasi-rents would each factory earn.
Suppose the demand and supply curves for product are given by: Qd = 500 - 2P and Qs = -100 +3P. I need to graph the supply and demand curves, b. find equilibrium price and quantity,
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