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What is a monetary system in which paper, money and coins had the value of certain amounts of gold?
What is the relationship between potential output and the natural rate of unemployment If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent.
Explain what happens to price and quantity of oil when the following events occur:
What happens if the board of directors of the FOMC and the board of governors whose chairman also happens to be chairman of the FOMC have different goals?
such as making charitable contributions or civic expenditures (MU). Can you set up the problem and derive the optimization conditions if the owner-manager wishes to obtain a specific level of utility at the lowest possible cost.
The exhibit shows how supply and demand might shift in response to specific events. Suppose a spring frost destroys one-third of the nation's artichoke crop. Which panel best describes how this will affect the market for mayonnaise, which is a com..
You have been hired to work with a resort owner in Northern Minnesota. This resort owner runs a very small operation catering to mostly people who like to fish.
In France, it is law that portable listening devices must have a maximum output level of 100 decibels. Apple was forced to change the output of its iPods sold to France as their output exceeded 100 decibels. What negative consumption externality w..
All economies, no matter what their form of economic organization, must address what are known as the "three fundamental questions:"
Using a supply and demand graph, make one shift of wither the supply or demand curve to illustrate the likely result of this action.
Assume that the required reserve ratio is 10%. If the Federal Reserve buys a $10,000 government bond from an individual in the economy, what is the initial effect on the money supply. What is the ultimate effect on the money supply
Illustrate what would each political philosophy of utilitarianism, liberalism, and libertarianism likely suggest should be done in this situation.
Suppose that you will receive $2000 a year in years 1 thru 5, $3000 a year in years 6 thru 8, and $4000 in year 9 with all cash flows to be received at the end of a year.
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