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Question: Reading the minutes of the FOMC: The Federal Open Market Committee (FOMC) is the formal name of the group chaired by Bernanke (and his successor) that meets every 6 weeks or so to set monetary policy in the United States. Immediately after the meeting, the FOMC issues a statement consisting of a few paragraphs that summarizes its position. Then, 3 weeks later, the FOMC releases the minutes of its meeting. These minutes contain extensive details about the issues that were discussed in the meeting. Suppose your job is to explain Federal Reserve policy to the CEO of a corporation. Do a Web search for the latest FOMC minutes. Then answer the questions below:
(a) What action did the FOMC take, if any, regarding the level of the fed funds rate? Why did it make this choice?
(b) Pick a paragraph or two from the FOMC minutes, and quote it in your answer. Using the short-run model, explain, using graphs and words, the economic consequences of the events in the paragraph(s) you've quoted. You do not need to analyze anything else in the economy; just focus on what you've chosen.
(c) Pick one other thing that is mentioned in the minutes that you do not understand (for example, a term with which you are unfamiliar). Do some research to discover its economic significance, and explain it in two or three sentences.
Explain and summarize the difference between accounting profit and economic profit. Interpret the notion of normal rate of return and term opportunity cost.
Between 1984 and 2001, the U.S. government made it much easier to get disability payments and the number of disabled people more than doubled from 3.8 million.
Write up a review of the article and integrate course concepts into your review. Make sure you both summarize the article and discuss how it relates to course.
Using the estimates from question #4, what is the price elasticity of demand? Is demand elastic or inelastic? What is the income elasticity of demand? Based on this value, what type of good is this product (normal, inferior, etc.)?
Your uncle has almost convinced you to invest in his peach farm. It would require a $15,000 initial investment on your part. He promises you revenue (before expenses) of $1,800 per year the first year, and increasing by $100 per year thereafter. Your..
Barry, a recent engineering graduate, never took engineering economics. When he graduated, he was hired by a prominent architectural firm. The earnings from this job allowed him to deposit $750 each quarter into a savings account.
What were the main agricultural developments over the last two centuries?
Determine at least three possible economic, social, or political steps that developing countries overall can take to extricate their poor citizens from this dilemma.
Markets have been present to some degree throughout history, but market society is fairly recent. What does Varoufakis argue was necessary for the development of capitalism and modern economic analysis?
Describe characteristics of potential customers in terms of geographic location, demographic, media habits, consumer behavior patterns and lifestyle activities.
Pneumonia and unfortunately my professor refuses to allow an extension for my assignment despite countless doctors notes. Honestly, I am still so sick that I can't really form long coherent thoughts in my head to fully complete this assignment. Any h..
What impact an increase of 3 % in final demand for manufacturing products has on the sectoral and national outputs.
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