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When the economy is in a recession, the Federal Reserve usually cuts interest rates. Why would the federal government do this?
Suppose your employer offered you $4,000 in cash instead of health insurance coverage. Health insurance is excluded from state and federal income taxes (let's ignore Social Security and Medicare wage taxes for now). The cash would be subject to state..
Explain how meeting-competition clauses may serve as an enforcement mechanism for price-fixing agreements of cartels.
The estimated demand for a good is Q=25-5P +0.32M+12P where Q is the quantity demanded of the good , Pr is the price of the good, M is income, and Pr is the price of related good R. If income decreases by $1000, all else constant, quantity demanded w..
What is the marginal cost per bushel of apples produced? If the market price of a bushel of apples is $5.50, and is unaffected by the farmer’s production decision, then the marginal revenue of a bushel of apples is $5.50. In that case, how many bushe..
Which schools of management thought are illustrated in this case? Customers’ perception of quality includes performance, reliability, durability, serviceability, and aesthetics. What else do car customers want? Add to the perception of quality and cr..
q.the availability of investment capital is critical for a market economy to grow. explain how this investment capital
Consider the application of the IS/LM model to the Great Depression. In 2002, Ben Bernanke was speaking for the entire Federal Reserve Bank and admitted to mistakes in the policy response to the economic downturn in the 1930s. Recall that the data sh..
The shape of the long-run cost curve is determined by economies and diseconomies of scale. Contrast this curve with the short-run cost curve as it relates to increasing and diminishing marginal returns to labor.
The focus of this analysis involves analyzing key economic themes such as demand, production, cost, and market structure with quantitative techniques.
Explain the significance of Federal Reserve System (Fed), Federal Reserve note, barter economy, commodity money, fiat money, specie, monetary unit, medium.
Consider an environment where an agent could be either employed E or unemployed U. Let’s normalize E + U = 1, so that E and U are interpreted as the fraction of people employed and unemployed at any given point in time, respectively. What is the prob..
The question I want to ask, how can the government balance between keeping the business in the economy and the consumers' interest? What would be the impact of continuously successful lobbyist on the consumers?
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