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Question: Explain the significance of state bank, legal tender, national bank, national currency, gold certificate, silver certificate, central bank, bank run, bank holiday, fractional reserve system, legal reserves, reserve requirement, member bank reserve (MBR), and excess reserves.
Assume that GDP (Y) is 3,000. Consumption (C) is given by the equation C = 1,200 + 0.3(Y – T) – 100 r, where r is the real interest rate. Investment (I) is given by the equation I = 1,500 – 50r. Taxes (T) are 2,000 and there is no government spending..
We will examine the effect of a sales tax on a monopolist's profit maximizing price and rate of output. Assume that the monopolist faces a linear inverse demand curve given by p(y)=a-by, where a>0 and b>0, and a quadratic total cost function c(.) giv..
Consumer surplus is smallest for. Which of the following markets will have the largest deadweight loss? A monopoly can price discriminate between two groups of consumers if each group has ________.
Create the Positioning and Branding portion of the Marketing Communications Plan using the business and information presented in the case study. They want to keep the “family’s” restaurant as a legacy to their family members who left it to them. Howe..
A bookkeeper makes a significant posting error, which she later discovers and corrects. In fear of losing her job, she does not report the mistake to her supervisor. How should the employee have handled this situation and what should the supervisor d..
The fact that millions of jobs are created and destroyed every year is a sign of. Who would be hurt by unanticipated inflation? If the Consumer Price Index was 110 in one year and 117 in the next year, then the rate of inflation from one year to the ..
When the Fed adds new reserves to the system, some of these new reserves find their way out of the country into foreign banks or foreign investment funds. In addition, some portion of these new reserves ends up in people's pockets and mattresses inst..
Discuss the two ways that product differentiation affects the demand for the product. Give an original example of product differentiation.
Do you think governments (including your own) should be allowed to use monetary easing policies to promote economic growth? (You can refer to your own research or the attached article "Is China Sparking A Global Currency War?". How do the various cur..
Suppose that you are trying to determine the after effects of hurricane Katrina on the economy of Louisiana. Which assumptions could be made to simplify the study? Consider the effects on all of Louisiana’s interstate trade partners. Determine the ef..
Explain additional ads show the same response, is the bank running an optimal mix of ads.
A laboratory centrifuge costs $80,660 and has a $5530 salvage value with an 8-year recovery period. The estimated annual operating cost is $7000 per year. Use the double declining balance method with switch over to straight line to determinate the bo..
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