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Suppose that to support the Australian dollar, the Reserve Bank of Australia (RBA) undertook a sterilised intervention of the size AUD 100 million. Using the balance sheet of the RBA, explain how such an intervention would take place. What would be the outcomes of the intervention?
Use the equation of exchange, calculate the value of real output (Q), or real transactions (T) in an economy where M=$200 billion, V=2.4 and P=1.2?
Consider again the case analyzed in class with two sectors exhibiting constant returns to scale technology (sector A is capital intensive and sector T is labor intensive). Suppose there is a neutral technological change in sector T only (no technolog..
A random sample of 200 purchases at an online bookstore showed that the average purchase is $43.26 with the standard deviation of $20.67.
The table below represents the production function for Hawg Wild, a small catering company specializing in barbecued pork. The numbers in the cells represent the number of customers that can be served with various combinations of labor and capital.
A business has a 70% chance of succeeding if they receive help from banks. They will have 50% of succeed if they are also given help by the government.
In the show "FRIENDS", Chandler Bing introduces his new laptop to his friends (Season 2, Episode 8: The One With the List, aired on 16 Nov 1995).
Land is purchased for $75,000. It is agreed for the land to be paid for over a 5 year period with annual payments and using 12% annual compound interest rate. Each payment is to be $3000 more than the previous payment. Determine the size of the last ..
Identify and describe the types of intercultural conflict, giving examples for each.
What is neoliberal capitalism? What are its major tenets? How does NAFTA represent these core points? What have been the effects of neoliberal capitalism on the working class?
In addition the US government decides to establish a price ceiling to help families who cannot afford the high price of wheat products.
Labor is employed in both sectors and is freely mobile between them. Capital is used only in manufacturing and land only in farming.
According to the Belbin Team Role Inventory, a completer finisher would benefit most from a job design that emphasized
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