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1. Explain the equation M * V= P * Y pertaining to money supply and GDP
2. Explain Quantity Theory of Money (QTM) pertaining to money supply and GDP
What is meant by voluntary export restraints, and how do they differ from other protective barriers? How does the revenue effect of an import quota differ?
Express how long would it take for the price level to double if inflation persisted.
Calculate output, price and economic profit (show how you get there) and point price elasticity of demand at this output level
What are the equilibrium real wage rate, the quantity of labour employed in 2010, labour productivity and potential GDP in 2010? In 2011, the population increases and labour hours supplied increase by 10 at each real wage rate. What are the equilib..
1. (Continuation from Question 1 - please answer using the same graph as in Q1, or draw a new graph containing same information as your Q1 graph). Let B from Q1 part b represent the long run full-employment equilibrium for the money market.
Pick a real-life rm that bundles products in some way. Describe how this pricing function is a form of price discrimination; in other words, why do some consumers effectively "pay more" for a particular product than other consumers do? Why is it a..
But because Frank is not Scott's agent, Scott is not bound by the contract. If Scott decides to accept the contract, what kind of agency would be created?
Annie runs a fitness center. On December 31, 2011, she bought an existing business with exercise equipment and a building worth $600,000. What was Annie's gross investment during 2012
What does it mean to "buy securities"? What are some affects that buying securities has on the economy?
Say that investment increases by 20 for each interest rate drop of one percent. Say also that the expenditures multiplier is 3. If the money multiplier is 4, and each 5 unit change in the money supply changes the interest rate by 1 percent, what open..
The citizens of Balaland used to pave 120 miles of roadways each year. After government of Balaland start paving 100 miles of roadways each year itself,
Explain how would you assess the overall financial health of your organization. What are good and bad signs, if any, in your outlook.
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