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The monetary base increased by 20% during the contraction of 1929-1933, but the money supply fell by 25%. Explain why this occurred. How can the money supply fall when the base increases?
Calculate consumption expenditures as a percent of real GDP for all years and calculate GDP growth in 2011 and 2012.
Excise tax is collected from fishermen, who protest that y alone are bearing burden of this policy. Why might this protest be misguided.
Does consumer surplus increase due to this price ceiling. Does social welfare increase as a result of the price ceiling.
In Japan, Toyotas can be produced at 1,900,000 yen and Chevrolets at 1,600,000 yen. In terms of Chevrolets, illustrate what is the opportunity cost of producing Toyotas in each country.
GDP also consumption both rose by $8 billion in the second round, Illustrate what would have been the size of the multiplier.
The US had a national bank during the first few decades after its birth before it was abolished. Today, we have the Federal Reserve. What are the differences between the Federal Reserve and a National Bank (specifically, with regard to their interven..
I think people would agree that the one most ubiquitous tool for welfare measurement in the economic literature and in economic education is the notion of total surplus. Throughout it's history, total surplus has been criticized several times and on ..
q1. consider a firm using a single variable input labor and a single fixed input capital. please explain what will
The world has gone through several different international financial orders over past 100 years. Explain how each one came into being and why the order eventually ran into difficulties and was suspended by another order.
Illustrate what will be the effect on the level of checkable deposits.
Specify the product as luxury or necessity - Specify price elasticity of demand for the product as elastic or inelastic. Briefly explain why.
Marcella operates a small, but very successful art gallery. All but one of the following can be classified as a variable cost arising from the physical inputs Marcella required to operate her business. Which is it?
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