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The Update of the June 4th, 2014 Beige Book was prepared at the Federal Reserve Bank of New York. The information is collected 6 weeks prior to each anticipated Federal Open Market Committee (FOMC)
Instaed of a minimum wage, suppose there is unemployment benefit that pays $50 per day. Workers are indifferent between earning a wage of $50 per day and remaining unemployed and collecting the benefi
A pharmaceutical company can produce each pill of a new drug at a constant marginal cost given by MC = 5. Note that since the marginal cost is constant, then the average cost of producing pills is als
International trade is a complex area of study. Effects of policies, currencies, tariffs, trading arrangement, and other variables not only impact a country but a region and the global economy.
Explain the aims of counter cycliceal policy. Show how governments might achieve these aims by using the instruments available to them
What is private investment-Importance of PI (how changes in Fiscal policy can change it) in Pakistan-Private sector growth-Chancelling investment-Tariff and Quotes
Second, Describe two problems with banks as international lenders associated with international debt
Price discrimination tends to be more common in the sale of services (e.g., discrimination by income for universities and by age for air transportation services) than in the sale of manufactured goods
Large-denomination time deposits: $ 304 billion Currency and coin held by nonbanking public: 438 billion
Drawing on Carbaugh's discussions in Chapters 6 and 7 concerning industrial policies, strategic trade policy, the trade problems of developing nations, import substitution, and export-led growth
Motivation (Why are you doing this study? To get clarification on whether the current policy in place is optimal choice) Brief (conflicting theory (ricardian and Keynesian)
The real GDP and consumption data for nation b in 1996 is in the following table. The investment is 25 billion, and government purchases is 5 billion, assume nation b has no international trade and ta
As an economist, you have been asked to address a meeting of a group of international professionals to explain the differences between microeconomics and macroeconomics and to provide real-world examp
In 1974, one could buy a theater ticket for $1.25. Today, the same theater ticket costs $6.50. Which pair of CPI's would imply that the cost in today's dollars was the same for both tickets? a. 60 in
You are asked by the business editor of the Yuk Gazette to predict the events of the next few months. By using the data given, make a forecast. (Assume that investment is constant.)
The Federal Reserve’s strategy will require changing the money supply. How does the Federal Reserve do this, and how (and why) does this affect interest rates?
Explain why a weighted average is more suitable than an unweighted average when trying to measure price increases. B. (i) A well known annual book was priced at £17 when published in December 20
The public's preference is to hold their money as half cash, half demand deposit. Reserve requirement is 25%. Determine monetary multiplier.
Suppose that a fall in consumer spending causes a recession. a. Illustrate the changes in the economy using both an aggregate-supply/aggregate-demand diagram and a Phillips-curve diagram
Potatoes cost Janice $1.10 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. If she feels that the first pound of potatoes is worth $1.50, the second pound is wort
Assume that the interest parity condition holds and that both the expected exchange rate and foreign interest rate are constant. Given this information, an increase in the domestic interest rate will
For this question, assume that expected inflation this year is equal to past year's inflation. Also assume that the unemployment rate has been equal to the natural rate of unemployment for some time.
Explain the difference between the Keynesian and monetarist views on how an increase in the money supply causes inflation and why is the shape of the aggregate supply curve important to the Keynesian-
What is the logic behind the campaign and what role do incentives play here - Explain why most seniors often earn lower grades in their last semester before graduation.($1,000)
What are the equilibrium real wage rate, the quantity of labour employed in 2010, labour productivity and potential GDP in 2010? In 2011, the population increases and labour hours supplied