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This class is Principles of basic economics.
Discuss how those monetary policy actions affect U.S. businesses and households?
Explain how the actions of the Federal Reserve were both similar and different to what happened in the Great Depression?
Are there things like consumption multiplier? Government spending multiplier? Export multiplier? if so, how to calculate them?
The term "unemployment rate" in economics refers to:
Why is he disappointed that the winning contractor provides less than the desired level of services?
which good should the government impose the tax if it needs to maximize government revenue
It is planned to leave $2,500 on deposit in a savings account for 15 years at 6.5% interest. It became necessary to withdraw $750 at the end of the 5th year. How much will be on deposit at the end of the 15thyear?
At the beginning of the 20th century almost two out of every five working Americans worked in agriculture. Today this number has fallen to less than one in fifty. At the same time, the total value of agricultural production represents an ever smaller..
Which of the following would cause an increase in long-run aggregate supply?
Price is measured in thousands of dollars. Ads cost $510,000 each. How many ads will the teams want to purchase as a group?
Consider a decision maker who is choosing how many apples to buy. His choice set is {0, 1, 2, 3, 4, 5, 6} (the store has only 5 apples). (a) Suppose the decision maker always wants as many apples as possible. Find a utility function that represents t..
If the nominal interest rate is 8 percent in Germany and 10 percent in Turkey, do you expect Germany's nominal exchange rate to appreciate
Suppose that two goods are perfect complements. If the price of one good changes, what part of the change in demand is due to the (Slutsky) substitution effect and what part is due to the (Slutsky) income effect? Explain.
You are considering purchasing a savings bond that will pay $100 in five years. The market interest rate currently is 3% per year. What should you be willing to pay to purchase this bond today? Suppose the interest rate goes up next year, to 4% per y..
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