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Describe the three main factors that determine aggregate money demand. Illustrate, with examples, how changes in these factors alter aggregate money demand.
The demand curve for French plutonium shifts outward, at about the same time as the appearance of the foreign-exchange dollars. What happens to the demand for French Francs?
a. How much output will this firm produce ? b. How much profit (or loss) is this firm making in the short run ? c. What is the value of average fixed cost at this profit-maximizing output?
If I started with one equilibrium p* and went to another p* that had a higher price for X1, could the second p* be an equilibrium (using a Slutsky decomposition and keeping in mind the inferiority i
a. Find the new equilibrium prices to bus riders and to bus companies, the new equilibrium quantity and total tax payments in dollars to the state government (Remember: Ps=Pb-T). b. What is the dead
a. Find the equilibrium price/quantity combination b. How much in total is spent on broccoli? c. What is consumer surplus in dollars at this equilibrium?
Other things equal, we would expect the labor demand curve of a monopolistic seller to:
Explain why the Fed must normally add reserves to the banking system via open market operations on most days in order to maintain its interest rate target in the Fed Funds market.
(A) Briefly explain why capital is the fixed factor in the short run, and not labor. (B) Then describe (1) a business or industry where the long run is a relatively short or brief period of time and
Problem: A shortage of OPEC oil raises oil prices because of: A) the law of elastic supply. B) the law of elastic demand. C) the downward-sloping demand curve. D) all of the above. E) none of the abov
The government levies an excise tax of 5 cents per unit sold on the sellers in a competitive industry. Both supply and demand curves have some elasticity with respect to price. This tax means that t
In a short-run situation in which quantity demanded equals quantity supplied in a competitive industry, with price greater than the average cost of the typical firm,
Explain how the Bank of Canada can influence interest rates and the money supply in Canada. Be specific about the tools that are available to the Bank for such purposes. Explain how these tools woul
a. What is the equilibrium price? What is the equilibrium quantity of supply and demand? b. If the government set the price to 3, will there be surplus supply or surplus demand? What is the quantity
Initially, the firm leases a facility with 248,832 square feet. With this size facility, determine the output level of the firm, the number of workers it employs and the profit of the firm.
(1) Why was the AS/AD model developed, and what limitations of the S/D model did it overcome? (2) List a real world example that is not in the text that supports your response.
Make the argument, pro's and con's, for returning to the gold standard. List the positive and negative effects of reversing the current policy. E.g., How might this affect international trade?
With the help of one or more AD-AS diagrams, explain how each of the factors mentioned by Yellen works to create a drag on the economy. Your answer should include a verbal explanation and graphical
Suppose the government proposes to cut taxes while maintaining the current level of government expenditures. To finance this deficit, it may either a) sell bonds to the public, or, b) print new mone
What is the "real" exchange rate, and why are changes in it more important than changes in the nominal exchange rate.
a) Determine the equilibrium market price and quantity in the market for textiles. b) At the equilibrium market price computed in (a) above, what is the quantity produced by a typical firm?
1. Find the equilibrium market price and quantity for broccoli, and plot the demand and supply curves on a graph.
Calculate the change in consumer surplus caused by imposing the rice import quota of six million pounds.
I understand that inflation is caused by excess demand/liquidity which causes the price of inputs such as raw materials to rise. But is the answer to the above question attributable to this fact.