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The exchange rate for a currency is:
set by the United States government.
the same for all nations trading with the United States, regardless of their respective currency.
used to measure inflation in the United States over time.
set by the interaction between demand and supply of that currency.
Suppose that James and bob live on the same street. In the winter both of them like the show on their street to be plowed. Bobs demand is given by Q=40-p and James demand ha given by Q=30-2p. Suppose that the marginal cost of plowing the snow is cons..
Suppose a competitive firm and a monopolist each charge $5 for their respective outputs. One can conclude that:
a smaller multiplier means that change in government purchases of goods and services, government transfers, or taxes necessary to close an inflationary or recessionary gap is larger. How can you explain this apparent inconsistency.
The car company pays 40,000 to the steel company to buy the steel and pays its workers 40,000 to make the cars, which were then sold to consumers for 120,000. Using the production gof final goods approach, how much is the GDP in this economy?
Using the formula and information given, first calculate the Q Q = -5,200 – 42(500) + 20(600) + 5.2(5,500) + 0.20(10,000) + 0.25(5,000) = Now we can compute the elasticities for each independent variable: ED = ∂QD/∂P * P/QD = – 42 * 500/Q (what you c..
Describe fully with many paragraphs in an essay style, the economic arguments for and against a free market approach to allocating scarce resources. Provide a unique real world (come up with them on your own) example where the free market defiantly a..
The Solow growth model tells us that a flood of immigrants will, in the long run, raise interest rates and reduce wages. In world in which absolute convergence applies, absolute convergence implies that the dispersion of income per person will conver..
q. suppose that the federal reserve lowers the required reserve ratio from 0.10 to 0.05. how does this affect the
Explain what you think causes the economy to go into a recession. Be sure to reference the theory/school of thought you are basing your response.
how would you treat the possible future costs of a lawsuit that may occur as a result of this project, where the cost of the lawsuit might range from $10,000 to $500,000 with an associated probability distribution?
Show graphically and explain the inefficiency of a tax on a good when there is no externality. Economists advocate charging a price and oppose mandating or subsidizing clean technologies. Give the economists' reasons for opposing mandates or subsidie..
get an answer from tutors to this homework question nowassume which the gross national debt initially is equal to 3
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