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Classify each of the following monetary policies as expansionary or contractionary. a) The Central Bank of England has recently decided to raise reserve requirementson deposits below GBP 500K from 10% to 11%. b) The Central Bank of Mexico (Banca de Mejico) has recently engaged in an openmarket sale of Mexican government bonds of 5billion pesos. c) The Central Bank of Argentina (Banco de la Republica Argentina-BCRA) hasrecently decided to increase the rate at which commercial banks can borrow fromthe BCRA from 15% to 20%. d) The Central Bank of Indonesia has recently decided to raise the minimum amountthat commercial banks need to hold in the central bank's vaults. e) The Bank of Japan has recently decided to buy 100 million yen worth of US Treasuries from the Japanese banking sector, and to pay for them using Japanesegovernment bonds.
There are no gains from reducing class size below 20 students, the relationship is constant in the intermediate range between 20 and 25 students, and there is no loss to increasing class size when it is already greater than 25."
A university schedules summer school courses based on enrollment. The cost for faculty compensation, laboratories, student services, and allocated overhead for a computer class is $8500. If students pay $420 to enroll in the course, how large would e..
Consider the simultaneous-move game with two players that has no Nash equilibrium in pure strategies, illustrated in Figure 4.14 in Chapter 4. If the game were transformed into a sequential-move game, would you expect that game to exhibit a rst-mover..
explain the overall impact of the wage decline on hours of work. Is your worker on the forward-rising or backward bending portion of the labor supply curve.
Which of the following will not cause the MPL to increase?
Define communication and expand on why it is important to communicate professionally in the business arena. In a second paragraph, explain how communicating professionally, helps you to improve your professional competency.
What role does rational self-interest play in economic analysis?
Should a company hire temporary workers or hire new workers to handle increase demand for the company's product.
The terms below are measures or individual components of the money supply. Specifically considering the money supply of the United States, rank thes items from largest to smallest in terms of dollar value.
Consider a Bertrand model with two firms facing the market demand Q(p)= 100 - p . Both firms have a constant marginal cost of 20. The firms compete over prices, but each firm has a production capacity of 25 units. If Firm 1 believes that Firm 2 will..
Identify a particular industry (non-government) that meets the criteria for Pure Competition or Monopoly. Explain clearly why you think the industry is in Pure Competition or is a Monopoly and evaluate it from perspectives of efficiency and equity. I..
Suppose an economic agent has a utility function U = Ln (R). Assume R is the return on investment and utility is the natural log of investment. If the investment is highly successful then the agent earns $10000. Derive the expected value of the inves..
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