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Greg Mankiw wrote in 2007 on the eve of the global financial crisis, "Congress made its most important contribution to taming the business cycle back in 1913, when it created the federal reserve system. Today, the Fed remains the first line of defense against recession."
a. Describe the process by which the Fed's action in times of recession flows through the economy.
b. Draw a graph to illustrate the Fed's action and its effect.
Describe at least four characteristics of a good business.Identify and talk about at least four companies that you regard as having the characteristics.
Hotelling’s rule. Using the (graphical) two-period model for a nonrenewable resource, analyze the effects of the following on equilibrium prices and quantities in the market for that resource: an increase in the interest rate, an increase in second-p..
Suppose that Omar’s marginal utility for cups of coffee is constant at 2.5 utils per cup no matter how many cups he drinks. On the other hand, his marginal utility per doughnut is 10 for the first doughnut he eats, 9 for the second he eats, 8 for the..
Describe arbitration and discuss its advantages to litigation. Describe mediation and discuss its advantages to litigation. Describe two other forms of alternate dispute resolution and discuss their advantages to litigation.
Country: Japan Broaden your statistical profile to include at least five recent (post 2010) statistics to give someone who doesn't know anything about your country a fair understanding of your country’s situation. What are some major demographic tren..
A contractor is considering whether to buy or lease a new machine for her layout site work. Buying a new machine will cost $12,000 with a salvage value of #1200 after the machine's useful life of 8 years. On the other hand, leasing required an annual..
Susan made 4 uniform annual deposits of $1800 in a savings account that earned an interest rate of 2% per year. Her last deposit was made 7 years ago. What is the future value of her savings 13 years from now, if she leaves the account untouched?
A profit maximizing firm will continue to hire labor inputs as long as a) it pays the workers a low wage b) the workers are productive c) the demand for labor is low e) the marginal revenue product is greater than the wage rate
Illustrate what would be the effect of poor weather on the consumer surplus, producer surplus, deadweight loss.
In which directions are they pushing or pulling the U.S. economy? Also, do you think the gap between real GDP and potential GDP will widen or narrow?
Profit Maximizing Rule: A firm maximizes profit by continuing to produce and sell output until Marginal Revenue (MR) = Marginal Cost (MC).
Examine geographic and economic factors that affect the business environment of China when introducing Agricultural products in that country. Can i have some details about this topic?
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