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Q1. Illustrate which country has the most fundamentally sound monetary policy?
Q2. Insurance agents receive a commission on the policies they sell. Lots of states regulate the rates that can be charged for insurance. Would higher / lower rates increase the incomes of agents? Elucidate, distinguishing among the short run as well as the long run.
Q3. GDP is a good overall measure, but there are lots of things it doesn't account for, like the quality of the environment, black markets, product quality, happiness, as well as many others. Choose one thing GDP does not measure as well as Clarify
A) why it does not,
B) The significance of what is not measured.
Think our company should take advantage of economies of scale by increasing our output, thereby spreading out our overhead costs.
If there were 2 million unemployed Thailand had a job-finding rate of 15% per month, how many people would lose jobs each month.
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100.
One of the three ADM executives was actually an informant who tipped off the Feds about this conspiracy. Which executive was he. Why did he rat out his co-workers.
When and where did modern economic growth first happen. What are the major institutional factors that form the foundation for modern economic growth. What do they have in common.
In long run, what would you expect to happen to the price of steelin U.S. and Germany. What would be the price differential.
Given a binomial random variable with n = 60 and p = 0.36 find the probability of obtaining between 25 and 35 successes inclusive, to three decimal places.
Explain a way that your family interactsin factor market and a way that it interactsin products market. Discuss how circular flow relates to current economic situations.
What percentage of the total variation in the number of calls is explained by the regression model.
Find Equilibrium GDP (Y). If potential GDP is 1950, is the economy in a recessionary or inflationary gap. Suppose that the MPC, falls to 0.75, so C = 0.85DI. Find Equilibrium GDP.
Explicate why the government expenditure multiplier is different from the tax multiplier.
Solve for the equilibrium interest rate. Solve for equilibrium value of consumption and investment.
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