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Suppose the US is a major source of demand for world commodities and supplies of commodities are limited. Describe how an expansionary monetary policy could affect commodity prices, both through a domestic and international channel. What would be the relationship one would observe between the value of the dollar and commodity prices following a monetary expansion?
What is equilibrium Y What are equilibrium consumption, private saving, public saving, and national saving How much does equilibrium income decrease when G is reduced to 200 What is the multiplier for government spending
Illustrate what rate of inflation characterized this economy during 1994.
What individual and organizational factors led to this political battle? Refer to the background readings in your answer, and in particular pages 877-883 of Robbins (1997).
i. What fraction of the time is server 1 idle? ii. Find the expected number of customers at each server. iii. Find the average time a customer spends in the system.
Consider an economy with two people, Henry and Catherine, who consume two commodities, bread and water. Suppose that, due to a drought, the authorities decide.
In a country with constant working-age population, show how the (official) unemployment rate may be decreasing
How much must the money supply change for the Fed to induce the change in real planned investment calculated in part a and what dollar amount of open market operations must the Fed undertake to bring about the money supply change calculated in part ..
Explain the effects of these shocks on the price level, real GDP, and the nominal interest rate. Use an upward-sloping, short-run supply curve in your analysis.
Illustrate what is the objective of the article. Please note that the article has to be relevant to microeconomics and the topics covered in this class.
Why producers advertise for their product, explain using the Elasticity concept. You must defend your answer and provide economically sound quality answer.
Explain, using the statistics of government expenditure, personal taxation rates and transfer payments , what fiscal policy stance did the 2011-12 Federal Budget take?
If investors expect an increase in the interest rate paid on US deposits, how the Australian exchange rate will change? Explain.
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