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1) Identify the goals of monetary policy.
2) Identify two types of demand for money and the main determinant of each.
3) Describe the relationship between GDP and the interest rate and each type of money demand.
4) Explain what is meant by equilibrium in the money market and the equilibrium rate of interest.
According to the Baumol-Tobin model of cash management the combined opportunity and transaction cost of holding currency is C= FN + i Y/2N
Illustrate what will happen to the wages of IT professionals when there is a glut of workers. In terms of supply and demand, what can individual IT professionals do to increase their wages.
Is the demand for electricity much price elastic when measured over a short period of time or a long period time. Explain.
How do the jobs that are flowing into the U.S. compare with the ones that are flowing out?
Independent British farmers would raise sheep, shorn them, and spin and weave their wool to make their own cloth which they then cut and sew for garments. Show the circuit of production for this way of getting clothes. How is this circuit changed ..
What are the effects of an appreciating/depreciating exchange rate on the balance of payments? exchange rate on the balance of payments.
Discuss the effects of innovation and technology on the expenses of production and how does technology affect market structure and real world competition?
In general, The problem with increase in health care usage due to better health insurance is:
State as many engines of growth as you can think of. Using the previous answer, describe the role of firms in the process of growth. Explain shortly how an increase in wages can improve performance of inflation
What is the combined (total) demand schedule for Belgian cocoa beans that European and USA consumers buy?
How could this fraud have been detected? Include two ways and be sure to explain your answers. Also, cover the limitations of your suggestions.
Compute and contrast at least two two-year forcasts from separate sources for two economic indicator.
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