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Examine the value of the US dollar verses the euro during the past two years. Why do you think the value of the US dollar has fluctuated?
Why did the "gold standard" collapse.
What do you think might happen if the IMF loosens its tight monetary policy? Explain.
Suppose you are running a randomized experiment to assess the effect of X, say some training program for unemployed people, on Y, say the chance of finding a job in the coming year. Suppose also that X takes time: maybe it lasts for several months. I..
Illustrate what will be the effect of the different tools of fiscal approach to stabilize the economy
Based on what you have learned about the relationship between TR and elasticity of demand, explain how an airline might take advantage of this information in order to maximize its profits? (Tip: How does an airline company separate the market of cons..
For each of the following situations, decide whether the bundle Lakshani is considering optimal or not. If it is not optimal, how could Lakshani improve her overall level of utility? That is, determine which good she should spend more on and which go..
Heterogeneous consumers. A monopolist offers a single price to two consumers with the following demand functions: p1(q1) = 120 − q1 p2(q2) = 45 − 1 2 q2. The firm experiences a constant marginal cost of production, c = 10. Graph aggregate demand, mar..
Make sure to include any important points or conversions. Please provide a copy of the article when turning in the paper so it can be reviewed.
A company having a cost of capital rate of 8 % purchases a $300,000 tractor. This machine has an expected service life of 4 years and will be used 2,500 hr per year. The tires on this machine cost $45,000. The estimated salvage value at the end of 4 ..
If the CD is cashed in before September 1, 2006, you lose all interest for the first three months and the interest rate is reduced to 1.9%, compounded monthly, after the first three months.
Presently, boats rent for $500 per day also workers cost $100 per day. How many workers do you need to produce 200 tons of shrimp?
Draw the wage-schooling locus for someone for whom returns to schooling decrease through college but increase after college
The AD/AS model is useful in predicting the effects of various shocks and policy changes on an economy. The model is based on goods and services being exchanged in well-functioning markets. In general, however, markets are not always perfect. How wou..
Consider Figure 9.3. In which periods of U.S. history was output growth in agriculture the highest? In which periods of U.S. history was labor productivity growth in agriculture the highest? If the price is currently $15, then what is the price elast..
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