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Question: In 1961, Charles de Gaulle decided he did not want the French franc to be considered as a second-rate currency, so he chopped two zeros off the value of the franc, which meant the exchange rate was approximately FF5/$ instead of FF500/$ (he also ordered that the $ key on IBM punchcard machines be replaced by the FF symbol). This had no immediate impact on any domestic or international transactions, but was supposed to convince the French people to put inflation behind them and keep their currency in line with the Dmark and the British pound. Whether or not this change in currency values made any difference, the relative inflation rate did slow down and the value of the FF did rise relative to the dollar over the next two decades. At the same time, the current account balance improved slightly. Based on these factors, explain what happened to the growth rate, show how the NX and NFI curves must have shifted, and describe the underlying economic developments.
A competitive O¨rm produces nonnegative output quantities z
Suppose that a typical firm in a monopolistically competitive industry faces a demand curve given. How much will the firm produce in the short run?
whether or not the measure satisfies each of the five axioms we discussed (Anonymity, Scale Independence, Population Independence, Transfer Principle and Monotonicity). [ Note: a good way to do this might be to come up with small example populatio..
Based on the demand curve above what is the relationship between good X and good Y?
1) skateboards become more expensive. the demand for bikers, a substitute good, will A. Rise B. Remain the same C. Fall
The GDP of the People's Republic of Banania grew 3.5% last year. Using the rule of 70 how many years will it take them to double their GDP
countries a and b have the same rates of investment population growth and depreciation. they also have the same levels
consider a firm that provides video-on-demand vod over ip. it serves a city with 1000000 homes. the firm installed
What is a typical farm's supply schedule and what is the market supply schedule? What is the market price? What quantity of milk is sold
Need assistance writing a business proposal
Construct a graph showing supply and demand in the tablet case market, using Microsoft Excel. How are the laws of supply and demand illustrated in this graph? Explain your answers. What is the equilibrium price and quantity in this market
In the hope of big returns, venture capitalists give funds to finance new firms. However, potential competitors and structures of market into which the new company enters are extremely important in realization of profits.
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