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Which of the following statements is CORRECT?
The Fed's actions are subject to executive branch control.
Politically controlled banks are better at fighting inflation than are independent central banks.
The Federal Reserve is considered to be an independent central bank.
The Federal Reserve System is not subject to Congressional oversight.
How did restrictive mercantile policies lead to an early Industrial Revolution in Britain, when they led to several other nations collapses on Continental Europe?
Government increases its spending by $2 billion and raises taxes by $1billion. Illustrate what happens to equilibrium income.
There are three retirement plans under development. Each plan has a 6% compounded monthly and you cannot take a withdrawal until year 20. One plan requires a payment of X/year for the next 10 years. The other requires a payment of $200 each year from..
To help you reach a $5,000 goal five years from now, your father offers to give you $500 now. You plan to get a part-time job and make five additional deposits, one at the end of each year. (The first deposit is made at the end of the first year). If..
What would be implied by a positive price elasticity of demand?
What is the natural rate of unemployment? If the economy were at a steady-state unemployment rate with a separation rate of 0.025 per month and a job-finding rate of 0.4 per month, and the labor force consists of 100 million workers, on average how m..
1. Explain why resources of the island need to support more people than just the native population. 2. Identify and explain TWO examples of scarce resources mentioned above.
Under the responsibility scheme proposed by the Hong Kong government, households will be charged for solid waste disposal. Is this charge justifiable from an economics point of view? Explain your answer with a diagram. Is it fair to charge all househ..
Joe's search costs are $7 per search. He wants to buy a DVD player for his wife for Christmas and lowest price he's found so far is $200. Should Joe continue to search or buy a DVD player at a price of $200.
RC Cola is considering marketing a new, fruit flavored soft drink. It hires Mark-D Design to develop the can logo and design. RC calculates that a good design raises can sales and is worth $.75 million to them. Ex-ante, what is Mark-D’s expected prof..
Is it possible to trade foreign exchanges in the future markets? How does such trading differ from the forward market?
Discuss, using supply and demand analysis, the effect on the equilibrium price and quantity of new hybrid automobiles when the following occurs.
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