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Q. Assume which in yr 2008, the money supply is $400 billion, nominal GDP is 9 trillion also real GDP is $4 trillion.
(a)Illustrate what is the price level? Illustrate what is the velocity of money?
(b)Assume the velocity is constant also the economy's output of goods also services rises by 5 percent each yr. Illustrate what will happen to nominal GDP also the price level next yr if the Fed keeps the money supply constant?
(c)Illustrate what money supply should the Fed set in yr 2009 if it wants to keep the price level stable?
If it had doubled its land as well as labor, production would have been 325000 bushels. Does it have increasing, decreasing or constant returns to scale.
Where does the national unemployment rate stand relative to the Natural Rate of Unemployment
Assume that during the last month of the tenth year of ownership, the property in Problem 2 is sold for 1,500,000. Assume also that the seller incurs transaction costs equalling 6 % of the sales price.
Assume in this market all apartments are identical, so there is only one equilibrium rent. Show the rent as $800 per month.
Using an Edge worth Box, graph the initial allocation and draw the indifference curve for each consumer that runs through the initial allocation.
Assume that your household gets a machine that cost Lesley provides you with food. Illustrate what would that do to your labor supply.
To determine which of the output levels represents a macroeconomic equilibrium.
Assume that the society decided to reduce consumption also increase investment. Explain how would this change effect economic growth.
Compute the deadweight loss if the U.S. imposes a tariff of 25 cents per bottle of imported wine.
The type of manuscript for this book was typed for free by a friend. Had I hired a secretary to do the same job.
Assume the price falls to $ 7.50. What think would be a short-run impact on the production of the company. What would be the long term.
Elucidate how many of the variable input should the firm utilize to maximize profits? Please verify. Note which in order to do this you want to utilize costs.
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