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Problem: Advanced Analysis- Refer to the following table, in which Qd is the quantity of loonies demanded, P is the dollar price of loonies, Qs is the quantity of loonies supplied in year 1, and Qs' is the quantity of loonies supplied in year 2. All quantities are in billions. Assume the exchange rate is fixed against the dollar at 135 dollars = 1 loonie. Qd P Qs Qs' 320 150 960 640 480 145 800 480 640 140 640 320 800 135 480 160 Instructions: Enter your answer as a whole number. a. In year 1, what would be the minimum initial size of the U.S. reserve of loonies such that it could maintain the peg throughout the year? What about the minimum initial size that would be necessary at the start of year 2? What peg should the United States set if it wants the fixed exchange rate to increase the domestic money supply by $46.4 trillion?
The marginal cost of educating a student is a constant $4,000 a year and education creates an external benefit of a constant $2,000 per student per year.
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the next question refers to the followingtotal cost schedule for a competitive
Define the price elasticity of demand? What information does it provide? How is it calculated? Define the income elasticity of demand?
According to the Bureau of Labor Statistics, the CPI rose 3.8 percent in August of this year compared to a year earlier. Food prices rose 4.6% and clothing prices were up 4.2 percent, while new car prices rose 3.8 percent and medical care was up 3.2 ..
Persuasive Writing Research newspapers and news magazines for recent articles about the minimum wage. Using what you have learned about price floors.
Suppose capital is fixed at K = 4 in the short run. Derive the short-run total cost function.
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Say that the price of good X is Px =$1 ,the price of good Y is Py =$2 and income I=$18 .The marginal rate of substitution between X and Y (MRSyx) is constant at 3. Show the budget constraint and some representative indifference curves on a graph (rou..
Write a 500 to 750-word summary of your learning team discussion about leadership theories.
What are the equilibrium levels of the interest rate and aggregate output for economy - draw the investment demand curve, the Keynesian cross diagram and your IS curve that you derived in question (1). Label all possible intercepts in your graphs a..
Suppose the domestic demand and supply for bookends in a small open economy
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