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What it is the Bagehot's Rule? Did the Central Bank of Us applied this rule in 1930's? Could the Great Depression of 1930's be avoided or less severe?
Suppose that the current price of oil is $60 per barrel and the quantity sold is 90 million barrels per day. The current estimates of the price elasticity of supply and demand are η=1 and ε=-.2 respectively. What will be the effects on the market pri..
The United States has formally withdrawn from the Trans Pacific Partnership, a trade agreement that would create a trade partnership.
A prominent senator has calculated the total social benefit of the currant amount of space exploration at $3 billion per year. The total social cost of space exploration is currently only $2 billion. The senator argues that there would be a net gain ..
A simple random sample of 60 items from a population with = 9 resulted in a sample mean of 33.
a Draw the total product curve b Calculate the average product of labour and draw the average product curve.
For each stock in the stock market, the number of shares sold daily equals the number of shares purchased. That is, the quantity of each firm’s shares demanded equals the quantity supplied. So, if this equality always occurs, why do the prices of sto..
Marcus’s utility function is U(X, Y) = (X + 2) (Y + 1). a. Write an equation for the indifference curve that goes through the point (2, 8). Graph the indifference curve for U=36 c. Let Px=Py=1 and m=11. Draw Marcus’s budget constraint in the graph fr..
Which of the following equals the market value of all final goods and services produced in an economy, stated in the prices of a specific base year
Why would a country such as the United States, which can presumably produce everything it needs itself, choose to trade with other nations?
What price and quantity would prevail after the imposition of the tax? What portion of the tax would be borne by buyers and sellers respectively?
A middle-income worker will retire in January 2017. In the year prior to retirement, her gross monthly earnings are $4,500. Her Social Security pension benefit will be $1,500 per month. Prior to retirement, she was subject to total taxes on her labor..
Explain, using words and a properly labeled graph, how monetary stimulus works in a Mundell-Fleming model when there is a fixed exchange rate.
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