User Account

All Pages

Gold standard and quantitative easing

Assignment Help Microeconomics
Reference no: EM13149577

Gold Standard & Quantitative Easing

The U.S. dollar is classified as "fiat" money and is not fixed to the value of any particular currency or precious metal. This has not always been the case - indeed, for a time U.S. currency was redeemable for a fixed value of gold. Give two reasons for (20 points) and two reasons against backing a currency with gold. Then develop your position either for or against backing the US currency with gold and substantiate your assertions. Outside research is encouraged; please cite your sources.

Part Two

What is the Federal Reserve's maturity extension program (referred to by some as "operation twist") and what is its purpose? Do you think the Federal Reserve should continue quantitative easing to stimulate the economy? Why can't countries like Greece or Spain use quantitative easing as a means to stimulate their economies?

Reference no: EM13149577

Questions Cloud

Define zinc citrate ingredient in toothpaste : Zinc citrate (Zn_3(C_6H_5O_7)_2) is an ingredient in toothpaste. It is synthesized by the reaction of zinc carbonate with citric acid. 3ZnCO_3(s) + 2C_6H_8O_7(aq) ---> Zn_3(C_6H_8O_7)_2(aq) + 3H_2O(l) + 3CO_2(g).
Cost to consumers and businesses : The best use of scarce resources paid for at the minimum level of cost to consumers and businesses
Standard deduction for regular tax purposes : Jerusha is married and she files a separate tax return in 2010. She claims two exemptions (2 x 3,650 = $7,300). She claimed the standard deduction for regular tax purposes ($5,700). She had no other adjustments. Her regular taxable income was $68,..
What value would you predict for s : what value would you predict for S? b. What happens if P is reduced to $17,1500? c. How would you go about developing a value for k? d. What are the potential weaknesses of this model?
Gold standard and quantitative easing : Give two reasons for (20 points) and two reasons against backing a currency with gold. Then develop your position either for or against backing the US currency with gold and substantiate your assertions.
Determine point price and income elasticity for furniture : Determine the point price and income elasticity’s for household furniture. b. What interpretation would you give to the exponent for R?
Production cost information : Consider the production cost information for Santiago's Salsa in Problem 1-1. The company is currently producing and selling 325,000 jars of salsa annually.The jars sell for $5.00 each. The company is considering lowering the price to $4.60. Suppo..
Commissions associated with negotiating lease : There is no provision for the renewal of the lease or purchase of the machine by the lessee at the expiration of the lease term. Hooke paid n$ 30000 of commissions associated with negotiating the lease in Feb 2011
Prepare a statement of comprehensive income : Prepare a statement of comprehensive income, using the two-income statement format. Ignore income taxes and earnings per share.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd