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List three main tools available to the Fed to change the money supply in the economy. Which tool do you think is most commonly used?
Suppose that in the market for comic book illustrators the substitution effect dominates the income effect While visiting Comic Con.
Estimate the own price-elasticity of demand.
Illustrate what should the government's role be with respect to regulating accounting firms in the wake of mismanagement and accounting irregularities.
Explain whether the evidence above suggests whether the dollar is appreciating or depreciating relative to the Euro. What is your conclusion? Explain how you come to that conclusion.
Explain how much of input 2 does it use. Illustrate what is the most that it is willing to bribe an inspector to allow it to use another unit of input 1.
Assume the Fed is currently trying to reduce domestic unemployment and the trade deficit. What must happen to interest rates and the FX value of the dollar in order to accomplish these goals. Is the appropriate monetary policy expansionary or contrac..
A traditional definition of economics 'efficient utilization of limited productive resources for the purpose of attaining maximum satisfaction of human material wants.'
Illustrate what are the four supply factors of economics growth. What is the efficiency factor? Please illustrate these factors in the terms of the production possibilities curve.
Even at these extreme prices, however, the station owner sold an average of 3,000 gallons per week, half of this at night. Despite catcalls, pickets, and even vandalism from angry motorists during the gasoline crisis, the owner "stuck by his pumps..
If the apple grower wants to see 6,000 bees kept, what is the value of the externality? What would have to happen for the socially optimal amount of bees to be kept?
Assuming that a production process uses the best available technology, it is said to be technically efficient and the production function will then indicate the maximum physical output. What use can you personally make from this relationship
the branch manager given the objective to maximize revenues by pricing a new stereo system composed of a reciever, CD player, and speakers. Your economists have estimated that two diffeernt groups will purchase these products.
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