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Assume that people face a lumpsum tax of t goods when old and a rate of expansion of the fiat money supply of z = 1.2. The tan-c and the expansion of the fiat money stock are used to finance g = ('3th goods per young person in every period. There are 100 people in every generation (population is constant].
a. Find the Lifetime Budget Constraint using individual's budget constraints when you and old.
b. Find the Government Budget constraint.
c. Find the Feasible Set.
d. Use the stationary monetary equilibrium to find the real rate of return on money.
A simple random sample of 8 employees of a corporation provided the following information. Employee 1 2 3 4 5 6 7 8 Age 25 32 26 40 50 54 22 23 Gender M M M M F M M F How do you determine the point estimate for the standard deviation of the populatio..
If the economy is currently producing 40 units of cotton and 6 units of wheat, then what is the approximate opportunity cost of producing 10 more units of cotton?
The marginal product of any input in the production process is the increase in the quantity of output produced from one additional unit of that input. As a manager, what are some practical things you could do to raise marginal product per employee th..
What is a possible downside for a bank to have too much liquidity in the form of reserves?
The official has information on the following costs and benefits of expanding the number of facilities:
If a machine cost $50,000 initially and is expected to last for 20 years but is worth $60,000 after one year because it is in short supply, an accountant most likely would say that:
Suppose that item 1 is pumpkin and item 2 is milk. Suppose that m = 54. Suppose that pumpkins are p 1 = 2 each. Milk is p 2 = 7 per gallon for the ?rst two gall
A local newspaper headline? blared, "Bo Smith Signed for? $30 Million." A reading of the article revealed that on April? 1, 2014, Bo? Smith, the former? record-breaking running back from Football? University, signed a? $30 million package with the Da..
On a trip to the grocery store you want to purchase oranges, but the price is pretty high due to the canker disease that has affected the crops. What are your choices? Do you have alternatives? What causes a shift in the demand or supply of oranges (..
What would a 10 percent increase in the price of movie tickets mean for the revenue of a movie theater if the price elasticity of demand
Suppose that a firm's production function is given by Q = K^0.33L^0.67, where MPK = 0.33K−0.67L^0.67 and MPL = 0.67K^0.33L−0.33. As L increases, what happens to the marginal product of labor? What happens to the marginal product of capital?
What are the two main requirements of any supervisory position, and which of these usually determines the effectiveness of a supervisor's performance? Why does effective communication mean better supervisiOn?
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