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What do we call the process of expanding people's choices and the level of well being they achieve: material consumption as well as better health and education?
By writing more notes than the amount of gold held, the goldsmith could lend the notes and charge interest on them. Did the goldsmith bankers make money out of thin air in a form of legal theft What were the main benefits fromt he activities of the..
Suppose that nominal GDP in year 1 is 200 and nominal GDP in year 2 is 242 .Assume that inflation is 10 percent per year. How fast did the economy grow between these two years?
A country opts for free trade while some workers remain unemployed in the import-competing sector. WHY? Given real wage rate in Thailand is higher than Bangladesh
What is the effect of an increase in the quantity of money What is the difference between real variables and nominal variables Are these variables affected by the quantity of money If so, how
What is the expected rate of return on each stock if the market return is equally likely to be 5% or 20%? c. If the T-bill rate is 8%, and the market return is equally likely to be 5% or 20%, draw the SML for this economy. d. Plot the two securitie..
What are the public policies aimed at combating organized crime to eliminate business opportunities for the organized firms. What are some examples of the implementation of this policy? Has it been successful
Illustrate what is the demand and supply for labor in the unionized sector. Any surplus migrates to the uncovered sector. What is the new equilibrium wage and labor utilization in that sector.
suppose that on the basis of a nations production possibilities curve an economy must sacrifice 10000 pizzas
The airline has an average of 40 passengers paying an average of $200 for this flight. Do you think the airline should be flying between the two cities? Evaluate from a short-run and long-run perspective.
The FED has three ways to expand or contract money and credit. The first way would be for the FED to buy existing U.S. Treasury securities. They do this by using the equivalent of newly issued currency. What this does is it helps to expand the res..
How will a successful campaign that decreases the supply of drugs influence the price of drugs and the amount spent on them?
Consider a macroeconomy was initially at equilibrium level of real GDP. Using an aggregate demand and aggregate supply diagram or model of the economy, graphically illustrate and discuss the short-run and long-run effects of the following events upon..
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