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Consider an economy in which people wish to hold bank checking deposits worth a total of 5 million goods and currency worth 2 million goods in every period. In addition there is a stock of unintermediated capital worth 10 million goods. Fiat money is the only asset used as currency. Deposits at banks are subject to a reserve requirement of 20 percent. After meeting the reserve requirement, banks invest the remainder of all deposits into capital. The monetary base is $1 millon. Hint: The key to this exercise is understanding the difference between inside and outside money.
e. Find the revenue (in goods) from seignorage if the monetary base triples every period.
f. Suppose people want to keep more of their money balances in the form of cash, although their total demand for money does not change. What will happen to each of your answers to part a to e?
The Callaway family owns a small bait and tackle shop in a resort town in Wisconsin. An economic recession reduces the number of tourists for one summer, which reduces the family’s income for that year. For the Callaway family, their
How would you categorize the countries that Yum! Brands targets? What is the unique competitive advantage that Yum! Brands appears to seek in these markets? What key strategic choices has Yum! Brands made in its global marketing plan?
Joey, David, Tracy, and Surly own one track bicycle apiece, and they\'ve each modified to sell them as fixed-gear bikes or \"fixies.\" Joey is willing to sell his bike at $100 or more. Maintain the orientation of each bar when creating the graph (i.e..
Explain in detail what happened to the global crisis of 07-09 and how it became disruptive to commercial banks, investment banks, and insurance companies. include details from the home improvement act, non-bank banks, investment banking activities, a..
Using a supply-demand diagram, show a labor market with a binding minimum wage. Now, use the diagram to show those who are helped by the minimum wage, and those who are hurt by the minimum wage.
Romans utility function os U(x,y)=6xy. The prices of goods x and y are $12 and $15. The indifference curve is tangent to his budget constraint, where he is consuming 20 units of good x. How many units of good y must he be consuming?
A fiscal impact statement:
q1. what are the terms of trade if the united states trades 1 can of soda for 5 units of clothing?explain why price
If you receive an inheritance of $10,000 today, how long do you have to invest it at 8% per year to be able to withdraw $2,000 every year forever? Assume the 8% per year is a return that you can depend on forever.
q1. a firm in a purely competitive industry is currently producing 1000 units every day at a total of 450. if the firm
A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3581 per year, paid at the beginning of each year, in which case maintenance is provide. What is the most she should pay f..
What are the various ways in which the Federal Reserve influences the economy? What important tools do they use in influencing the commercial banking system?
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