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What is GDP? What are two approaches to measuring GDP? What is inflation? Why is GDP and why is inflation hard to measure?
What is the maximum allowed in checkable deposits? - What are the required reserves? - By how much can this bank expand the money supply in checkable deposits?
Calculate the mean per capita consumption in each of the two years and compute the annual growth rate (fill in table). How did consumption change over period?
Should ASEAN countries adopt a common currency like EURO? Why do you think so?
1. What is opportunity cost and what does it mean? 2. What are the eight guideposts to economic thinking and how to incentives fit into thinking like an economist? 3. What role does scarcity play in economic thought? Does Bill Gates face the problem ..
The great English economist Lionel Robbins defined economics as "Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses."
Describe the consumer in the classical economic thought. Give a vivid description.
How can unforeseen circumstances effect the economy? Give examples. How does the Fed react to these circumstances? Did you get re-appointed? Why or why not?
Why did the grounding of aircraft cause the Fed to act? The chapter lists the duties the Fed must perform. Which duties are mentioned in the article? What forms did liquidity take?
What do we call the number of dollars received by an individual or group for its resources during some period of time?
Futura Furniture Products manufactures upscale office furniture for the "Office of the Future." The sales division is comprised of regionally based sales offices made up of sales representatives and regional managers.
On January 1, 2007, Shaffer Co. purchased inventory for $1,000 cash. These goods were sold on April 30, 2007 for $1,400 cash. The company can currently earn 3% interest on an account at a bank.
what would happen to the yield curve if investors were concerned about stability in foreign countries and rushed their money into the U.S to buy long-term treasury securities how would you expect the term premium to change
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