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Suppose that this year's money supply is $50 billion, nominal GDP is $1 trillion, and real GDP is $500 billion.
a.What is the price level? What is the velocity of money?
b.Suppose that velocity is constant and the economy's output of goods and services rises by 5 percent each year. What will happen to nominal GDP and the price level next year if the bank of Canada keeps the money supply constant?
c.What money supply should the Bank of Canada set next year if it wants to keep the price level stable?
d.What money supply should the Bank of Canada set next year if it wants inflation of 10 percent?
Illustrate what are the values for Qi and Di on the effective date of the study. If the economic limit is 20 BOPD, estimate the ERR.
Explain Carver Memorial Hospital's surgeons have a new procedure that they think will decrease the time.
Illustrate what "alternative procedures" or unorthodox methods can be used to get around steps in the traditional process, especially for priority or controversial bills.
The local community has instituted a price ceiling of $480. Does consumer surplus increase due to this price ceiling. Does social welfare increase as a result of the price ceiling
Analyze this statement in terms of your assessment of Marx as economist also as a philosopher.
People are lured by the idea of 50 mile per gallon vehicles which still perform well also are willing to pay the high prices to get one.
explain exactly how you would take advantage of this situation to create a riskless profit.
By signing a trade agreement illustrate what does this imply as regards international trade theory of the Ricordian model.
Assuming other countries do not change their own trade policies, what would be the impact on the value of the dollar relative to other currencies? What would be the effect on the jobs in U.S. industries?
What has been happening in Florida in general in terms of unemployment over this time period. What about for GDP.
Would your answer change if BOC could issue SFr commercial paper supported by the revolving credit at 3.5%.
As your client is intent on investing aggressively, you will want to include the "beta" associated with each instrument relative to the S&P 500 Index.
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