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Hong Kong's monetary authority fixes exchange rates against the US dollar and maintains free capital mobility. Assume that goods prices are sticky in the short run.
A politician running for office has just made a public statement that the state of the U.S. economy has been deteriorating during the last decade. You are a journalist fact-checker and analyst for a political and economic website called “Macroeconomy..
Write out the estimated regression equation for heating area based on wattage and what does the value of the regression coefficient "b" tell us in this situation?
Is your employer/ hospital in a competitive market? Market competition affects revenues. Why do you think your workplace is using more technology including nursing staffing software?
Use the equation for the IS curve to discuss what happens to the IS curve in response to the following shocks. in each case provide a real world example of what might cause the shock. Increase in autonomous consumption (IE C_o increases). A reduction..
Philosopher Robert Nozick makes the argument that taxation is akin to forced labor. If a person is required to work for the benefit of others against his or her will, then Nozick suggests the labor is forced. By imposing taxation on people, the U.S. ..
Setting up nurse practitioner clinics to serve 20,000 newborns in Georgia would cost $6 million. This program would increase life expectancy at birth from 75.1 years to 75.3 years. How many life years would be gained? What is the cost per life year? ..
Suppose a monopolist firm produces a medicin and can engage in 3rd price discrimination. MC=$8. In US, demand function: Qus=20-0.5P; In Canada, demand: Qcan=20-P. if the monopolist charge same price in US and Canada, the relevant portion of demand cu..
Consider the market for automobiles, and draw representative supply and demand curves. Suppose that the price of gasoline rises, and at the same time, the price of steel (an input to automobile production) falls. Show this on your graph. If you have ..
A monopolist is operating in the short-run, facing a market demand given by the following: Q = 1000 - 2P, where Q is market quantity and P is market price. Suppose the firm’s short-run total cost (TC) is: TC = 100?Q. Find the price and quantity that ..
The creation of new bank reserves could lead to a multiple increase in the money supply. Contractionary monetary policy shifts the reserve supply schedule inward. When a government intentionally lowers the value of its currency, that is called deprec..
If skilled machinists with advanced computer training and computer operated lathes are complements in production in high tech manufacturing but computer operated lathes are substitutes in production for machinists without computer training (unskilled..
What accounts for the geographic dispersion of the Federal Reserve district banks? Shouldn’t the president be allowed to appoint a new Fed chairman at the start of his administration?
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