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Explain the process of Criterion of Realism (Hurwicz)
Assume that the formation of a customs union turns out to include the lowest-cost world producer of the product in question. Which effect could not occur for the participating countries?
All other things being equal, by how much will nominal GDP expand if the central bank increases the money supply by $100 billion, and the velocity of money is 3? Suppose now that economists expect the velocity of money to increase by 50% as a result ..
Where aH and bH are her consumption of ale and bread. George and Harriet are each endowed with 4 units of ale and 4 uits of bread. Find the market-clearing price (which is a messy fraction).
Mr. Sepaba accumulated $600 000.00 in an RRSP. He converted the RRSP into an RRIF and started to withdraw $3000.00 at the end of every month from the fund
Say that a bank has $200 M in loans, $10 M in reserves, and 200M in deposits. Also, the required reserve ratio (RR) is 6%. This bank bankrupt and it have sufficient reserves to meet its reserve requirement.
If the bond matures in five years and Jerry can buy one now for £3500, elucidate what is his IRR for this investment.
Suppose an industry is monopolized, and the demand for the product sold by the firm is given by: Q = 200 ? 4P. At what price range should the monopoly firm raise the price in order to increase revenues?
What are the major challenges that parents face from an evolutionary perspective?
The business world has become large and spread out today. There are companies sending employees all over the country and around the world to conduct business. Discuss the variety of tools available today to help the business world to communicate more..
Suppose you are appointed head of the energy department of the city or town where you grow up, and you are asked to come out with a sustainable long-term strategy that that will carry your city into the middle of the century. What are the three bigge..
From 1989 to 1991 the Trump Shuttle and the Pan Am Shuttle battled for market share on the Boston/New York and Washington DC/New York routes. In addition to service quality and dependability (claimed or real), the airlines competed over price via..
How does the Financial Accelerator influence both aggregate demand and supply? How is Bernanke & Gertler’s analysis pro-cyclical?Consider the following functions: Qd = -4P + 190 and Qs = P - 10. Further assume that the government has institutes a pri..
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