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Suppose that the first national bank currently holds a total of 34 million dollars in deposits from over 120,000 clients. At the same time, the total amount of loans people owe the bank is 18 million dollars, and the bank cannot legally issue more loans without attracting additional deposits. Assume that the bank currently has 3 million dollars in cash and 1 million dollars worth of securities invested in the financial market. The bank also owns some physical assets, such as its office building.
Suppose now someone saves another $98 into his checking account at the first national bank, what is the maximum amount of deposits that can be generated (including this initial deposit) by the fractional reserve banking system?
Round your answer to 2 digits after the decimal point.
Discuss the criticisms leveled by so called "classical" economists at the Keynesian model described above, from the initial simplistic responses
Describe three macroeconomic variables in the United States that impact the supply and demand of your chosen product or service. Using graphs in Excel, interpret the trends of the three selected macroeconomic variables for the past three years.
We measure the long-term economic growth of a country by the change of percentage rate in the GDP. The key determinants of long-run economic growth are elements of productivity
Draw a generic Aggregate Supply (AS) and Aggregate Demand (AD) curve on a set of axes. Label your vertical axis and your horizontal axis
Utilizing such areas as manufacturing and information technology or any related industry / areas that have had high job growth rates explain a scenario that would cause a shift in labor supply and demand.
What did you learn? Why is it important? How do the Economics concepts we just covered impact the economy, you and your family, your friends and your employer?
What is disposable income? What does the mpc measure? How do you interpret the mpc? Is the mpc a constant over time? What determines the mpc?
The table below shows the demand and supply schedules for applesauce. Observe the data and answer the questions that follow.
Consider a scenario where discouraged workers are now included in the official unemployment rate during a recessionary period in the economy - Discuss and explain how including discouraged workers in the official unemployment rate would affect both..
A recent newspaper circular advertised the following special on tires: Buy three, get the fourth tire for free-limit one free tire per customer. If a consumer has $500 to spend on tires and other goods and each tire usually sells for $50
Which of the factors are least likely to affect what countries end up trading in the international market?
The curve that is traced out when we keep indifference curves and the budget line constant and change the price of good X is:
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