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1. (Characteristics of Money)Why is universal acceptability such an important characteristic of money? What other characteristics can you think of that might be important to market participants?
2. (Commodity Money) Why do you think rice was chosen to serve as money in medieval Japan? What would happen to the price level if there was a particularly good rice harvest one year?
Briefly discuss four activities a business machines salesperson might engage in relating to his or her primary selling function, and four he or she would engage in beyond selling related to this modern view.
Graphing Questions (Draw graphs on paper and take photos by smart devices. Each of the following should include the requested graphic AND a brief explanation/interpretation of what is being observed)
The classical approach says that monetary changes directly affect the price level,the Keynesian approach states that changes in money affect the economy only indirectlythrough changes in interest rates and investment.
Suppose a 10-year bond is to be issued at par, so its price is equal to its $100 face value. Suppose also that the prevailing rate of interest on the bond is 10 percent. How big would the bond's coupon have to be to induce people to hold it?
(a) just to provide the 2.7 billion "severly" poor population with $1 more output per day (b) to raise the incomes of the worlds "severely poor' population ( income less than $2 per day) to the official threshold of us poverty
Two alternate schemes are proposed for heating this building. "Bottled gas" can be used for floor type furnaces, or electric radiant panels can be installed in the walls and ceiling. It is estimated that the building will be used for 5 years befor..
Sir Plus has a demand function for mead that is given by the equation D(p)= 100-p. If the price of the mead is $60, how much is Sir Plus's net consumer surplus?Correct answer is $800.
A local realtor estimated the long-term income elasticity of demand for rental properties to be 0.9 and the long-run income elasticity for owner-occupied housing to be 1.10. Recent estimates indicate that income is forecast to rise at 5% per year ..
What are the effects on aggregate output, consumption, and investment? What is the effect on the growth rate? Explain briefly.
The manager has been asked to determine the maximum level of net benefits and the level of Y that will yield that result.
the following table gives the joint probability distribution between employment status and college graduation among
You currently pay $10,000 per year in a rent to a landlord for a $100,000 house, which you are considering purchasing. you can wualify for a loan of $80,000 at 9% if you put $20,000 down on the house. To raise money for your own downpayment, you w..
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