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The voting members of the Federal Open Market Committee are
a. all of the members of the Board of Governors and all of the presidents of the 12 Federal Reserve banks.
b. all of the members of the Board of Governors and five of the presidents of the 12 Federal Reserve banks.
c. the presidents of the 12 Federal Reserve banks and three members of the Board of Governors.
d. only the members of the Board of Governors.
q1. assume that a countrys real growth is 2 for every year while its real deficit is rising 5 for particular year.
Small country Alpha exports lumber products obtained by cutting Alpha's forests. Cutting the forests creates negative external effects in Alpha.
Explain how does a decrease in foreign price levels affect domestic aggregate expenditures and demand. How is the aggregate supply curve different from the supply curve for a single good, like pizza.
A flat tax plan allows individuals to deduct a standard allowance of $10,000 from their wages. Assume that the flat tax rate is 12%. Calculate the amount of income tax and the average tax rate if you were earning: $30,000 a year $60,000 a year
Compute the resulting dead weight loss (DWL) inefficiency from the monopolistic optimal outcome.
Suppose a monopolist faces the following demand curve: p=420-4q Marginal cost of production is constant and is $36, and there are no fixed costs. What is the profit maximizing level of output? What profit maximizing price will be charged? How much pr..
X-Corporation produces a good (Called X) that is a normal good. Its competitor, Y-Corp makes a substitute good that it markets under name "Y." Good Y is an inferior good. How will demand for good X change if consumer incomes increase.
A Caribbean cruise line has purchased a new cruise ship for $509,397 and expects to realize a net revenue of $190,000.00 each year for the next 10 years. The estimated salvage value of the ship at the end of its useful life of 10 years is $52,000. As..
According to a customer, a Harley-Davidson motorcycle can make one feel like "the toughest, macho guy on the block." Harley-Davidson promotes its motorcycles with images of independence, freedom, and power. Harley-Davidson has created a(n) ________.
According to the structure-conduct-performance framework, which of the following is not a characteristic of market structure
For a child i living in a particular school district, let voucheri be a dummy variable equal to one if a child is selected to participate in a school voucher program, and let scorei be that child’s score on a subsequent standardized exam. If you run ..
The factors that cause shifts in supply and the importance of demand are examined. What is the law of supply, and what are the factors that cause shifts in supply? What is the law of demand and why is it important? Why does an increase in the price o..
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