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Hurricane Katrina which hit the Gulf Coast region in August 2005, resulted in massive flooding which destroyed large sections of New Orleans. Suppose prior to this event, New Orleans was producing an output combination given by a point on its production possibilities frontier. How did the hurricane affect its production possibilities frontier?
Illustrate what are the different types of exchange rate, their advantages and disadvantages.
The nation is divided into __12______ Federal Reserve districts, each having a Federal Reserve Bank.
Consider a price ceiling imposed on a monopoly that is set below competitive price. Make a diagram showing the monopoly equilibrium in this case.
60% of the youth between 18 and 30 in Detroit are unemployed, have not completed high school, are at various levels of functional illiteracy, without job skills,
Describe some theories or explanations of why the crime rate fell in the 1990. Murders are now on the rise again.
If an investor implemented a reverse cash also carry trade, what would the arbitrage profit be.
Assume there are 3-firms with the same individual demand function. This function is Q = 1,000 - 40P. Assume each firm has a different cost function.
Explain the differecnce between fixed-procuction technology and variable-production technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology
A needy family of a mother and three children currently receives cash benefits that average $12 per day. The mother of this family is allowed to earn an average of $4 per day before her benefits begin to decline. After that, for each dollar earned..
Illustrate what would you like to see done by the Federal government which would be of help to your organization
Show the effects of each of the following shocks on output (Y) and the price level (P) in both the short-run and the medium-run .Assume the economy is originally at the natural level of output (Y n ).
Assume that software purchases by businesses are treated as expenses, as they were before November 1999. Calculate GDP using three different approaches: expenditure approach, income approach, and product approach.
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