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According to Gerald Baker, columnist for the London Financial Times, November 23, 1999, "In the United States, banks are, by whichever measure chosen, in unusually good shape for this stage of an expansion. There are few signs of emerging excesses that even undermined America's own banking system at the end of the 1980's...Again, of course, a significant fall in asset prices would harm balance sheets, but not do anything like the scale in post-bubble Japan."
(a) What problems beset U.S. banks at the end of the 1980's?(b) How did these problems compare with those in Japan?(c) How does a fall in asset (stock or property) prices hurt banks?
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
Will recessions starting in the US be more easily transmitted to Canada under a fixed or flexible exchange rate system. Use the appropriate graphs to illustrate your discussion.
Describe pricing strategy to meet organizational goals.
Elucidate entity establishes a price ceiling also does it require government sanction for violators
Show the new utility maximizing bundle of gasoline and all other goods. What is the slope of the new budget line? What is the consumer's new MRS of all other goods for gasoline?
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State with brief reasons whether the following statements are true, false, or uncertain.
Illustrate what does, and what doesn't, the Solow model tell us about the sources of economic growth and the best policies for attaining high per capita incomes.
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Supply demand analysis to elucidate how the prices of untaxed consumption items can be affected by the retail sales tax even though they are not subject to taxation.
Illustrate what is the difference among nominal and real quantities and why make the distinction.
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