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Answer questions a-e:
a. What is the equation of exchange?
b. In the equation of exchange, if V doubled, what would happen to nominal GDP as a result?
c. In the equation of exchange, if V doubled and Q remained unchanged, what would happen to the price level as a result?
d. In the equation of exchange, if M doubled and V remained unchanged, what would happen to nominal GDP as a result?
e. In the equation of exchange, if M doubled and V fell by half, what would happen to nominal GDP as a result?
In an article about the financial problems of the USA today, Newsweek reported that the paper was losing about $20 million a year.
What is the difference between a movement along and a shift of the demand curve? What is the effect on the equilibrium price and quantity that results from an increase in demand, supply, and both? Provide examples for each instance. What is the ro..
Why does the assumption of independence of risks matter in insurance What would happen to premiums if the probabilities of houses burning were positively correlated Can you think of a situation where they might be negatively correlated
As you explore various technologies in your home, work or industries, discuss at least two emerging technologies in society today; what are the pros and cons of these technologies as they impact society?
A packaging firm relies on the production function , with and . Assume that the firm's optimal input combination is interior (it uses positive amounts of both inputs). Derive its long-run total cost curve in terms of the input prices,wandr.
Economists argue that successful business depends on creating sustainable and effective supply and demand networks. If you own (manage) a business, how do you create effective demand and effective supply to maximize profit?
Explain whether each of the following events shifts the short0run aggregate supply curve, the aggregate demand curve, both, or neither. for each event that does shift a curve draw a diagram to illustrate the effect on the economy
Why would Argentina have to give the United States seigniorage if it gave up its peso and completely dollarized its economy? How would you measure the size of Argentina's sacri?ce of seigniorage?
QD= 60-10P and QS=10P 2$ impose the tax So the per pirce
Application(apps) and how they're used by companies to market a product. Who can benefit from this knowledge? Who is already capitalizing on it?
Show that it is socially desirable that a certain quantity of the commodity is produced, but that no firm is willing to provide it. How might the government insure that the socially optimal level of output is provided?
robot x has a first cost of 84000 an annual maintenance and operation mampo cost of 31000 a 40000 salvage value and
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