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Present the basic structure of the Fed including:
1. founding date
2. chairman
3. agencies
4. number and location of Fed Districts
5. number of commercial banks.
6. number of FOMC members
7. number of FED Board Members
Suppose that the demand in a particular industry is given by Qd = 500 − 2P. When the market price in the industry is $50 per unit, total demand in the industry is _________. Furthermore, assume that the entire market consists of four firms that share..
Indifference curves
By using an AD-AS model (Keynesian), what are the effects of a recession (which was caused by a decrease in aggregate demand). Assume economy started at general equilibrium. Label your graph. What two options would you have as the chairman of the Fed..
Discuss the case in three different cultural settings (USA, Asia, and the Middle East) considering three different minority groups (Blacks, Disabled Persons, and Women), and incorporate local cultural and traditional values, and compare likely behavi..
Suppose that a firm’s long-run average total costs of producing an individual income tax return is $75 when it produces 1,000 returns and $75 when it produces 1,200 returns. For this range of output, the firm is experiencing a. constant returns to sc..
A machine was purchased 4 years ago for $28,000. Its estimated life was 7years with $0 salvage. Its market value today is $35,000. It is thought that its market value in 3 more years will $12,000. 5 year MACRS depr is being used. Calculate the prospe..
For a child i living in a particular school district, let voucheri be a dummy variable equal to one if a child is selected to participate in a school voucher program, and let scorei be that child’s score on a subsequent standardized exam. If you run ..
The story of entitlements such as health care and welfare payments to the elderly in the US is pretty ----. This is partly because these payments form---part of the government budget and they are----
disposable personal income decrseases by$15 billion and the trade deficit is reduced by $5 billion. Explain by how much have investment, consumption and national income changed.
Here are four individuals telling you their stories of how they became unemployed. In a multi-paragraph essay, apply the theories of unemployment to explain the type of unemployment that each of these individuals is facing and explains which of these..
How much would the company have to invest now at an interest rate of 3% per year to sufficiently provide for the annual payments, if the first payment will begin 4 years from now? Specify answer to nearest cent
Lucky Midas is a risk-averse gold prospector who has struck it rich. He has $W worth of gold— his only wealth—safely stashed away on his claim in the Yukon. He wants to get his gold from his claim to the big city where he hopes to spend it. His frien..
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