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An article in the New York Times states that: "On Aug. 15, 1971, President Nixon unhitched the value of the dollar from the gold standard." Is the author of this article correct that the United States abandoned the gold standard in 1971? What led President Nixon to take the action described in the article?
Did JAL's forward contracts constitute an economic hedge? That is, is it likely that JAL's losses on its forward contracts were offset by currency gains on its operations?
A monopoly firm is different from a competitive firm in that: there are many substitutes for a monopolist's product while there are no substitutes for a competitive firm's product. a monopolist's demand curve is perfectly inelastic while a competiti..
The present value of a future sum will rise with the fall in the
Assume the demand curve for a monopolist is Qd=500-P, and the marginal revenue function is MR=500-2Q. The firm has a marginal and average total cost of $50per unit.
you can either take a bus or drive your car to work. a bus pass costs 5 per week whereas driving your car to work costs
what impact would a change that shifts an economys production possibilities curve outward have on the long run
Given your model of aggregate demand with three ?nancial assets (money, bonds and credit) and the indirect production function with working capital and the new Keynesian Phillips curve, what are the effects of a contractionary monetary policy on o..
Entry of firms in a monopolistically competitive industry is characterized by two "external" effects. What are these effects and how do they affect a monopolistically competitive firm. How are consumers and incumbent firms influenced by these exte..
Suppose the alternative, that the open market desk does nothing different, that is, they hold the amount of reserves constant. What happens in the reserve market? What is the market clearing fed funds rate now? Label this development, that is, ..
Describe what would be the likely outcomes in the economy. Use the appropriate tools of analysis, such as aggregate demand and aggregate supply where appropriate, to justify and explain your answer.
Draw an isoquant/isocost graph that illustrates the short-run input choice from part a, and the cost-minimizing long-run input choice in part b - Calculate the marginal cost function (MC), the average variable cost function (AVC), and the average ..
Professor P cares about how many hours that Mr. A teaches and about how much she has to pay him. Professor P wants to maximize her payoff function, x-s, where x is the number of hours taught by Mr. A and s is the total wages she pays him. If Mr. A te..
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