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What is the inflation rate in Korea? In Japan? What is the expected rate of depreciation in the Korean won relative to the Japanese yen?
Suppose the demand for beer is characterized by the following point elasticities: What happens to the demand for beer if the price of soda falls by 2%? Explain your answer.
Why is having a nominal anchor important for you to achieve the inflation target? What is the drawback of using a nominal anchor?
Using the Fisher equation, calculate the current nominal interest rate in your country. What nominal interest rate will allow you to achieve the inflation target?
Using two separate graphs, illustrate the short-run and long-run supply curves for the perfectly competitive market. Be sure to label every line in your graphs.
Define the purpose and function of money. Explain how the central bank manages a nation's monetary system. Outline the stated direction of recent monetary policy in the United States.
How do we measure income inequality? What problems arise the more unequal a country's income distribution becomes? What policies do governments adopt to redistribute income and how do those policies
Calculate the Average Total Cost, Average Variable Cost and the Average Fixed Cost assuming that the company is making 450 pieces of jewelry per month.c. Bead-U-Tiful typically sells their product f
Suppose you are a typical person in the U.S. economy. You pay 4 percent of your income in state income tax and 15.3 percent of your labor earnings in federal payroll taxes (employer and employee sh
The rental rate of capital be r = 1. What is the cost minimizing combination of labor and capital, (L∗,K∗)? What is the minimum cost to produce 100 units of output?
How does the federal government implement its fiscal policies. Given economic conditions today, do you suggest expansionary fiscal policy or contractionary fiscal policy? What effect would your sug
Now suppose that the firm's capital is fixed in the short run at 5 units with w = 1 and r = 2. Find the input of labor to produce 10 units of output.
Consider the salaries of professional athletes or famous actors. Is it possible that such workers may be underpaid? Analyze how the marginal revenue product of such workers might be estimated.
As head of the planning division of Eastern Motors, your job is to determine where to locate a new plant. The only inputs used in your cars are steel and labor and the production function is Cobb-Do
In a private closed economy, the marginal propensity to save is 0.25, consumption equals income at $120 billion, and the level of investment is $40 billion. What is the equilibrium level of income
Congress is considering legislation that would impose a tariff on a key input used by the industry. Based on the information what price increase world you recommend if the tariff legislation is pass
Find the market level of pollution? C)FInd the socially optimal level of pollution D) Compute the total benefits to society from pollution reduction to the socially optimal level of output E) Comput
Illustrate the following with supply and demand curves: With increased access to wireless technology and lighter weight , the demand for laptop computers has increased substantially. Laptops have al
What is the firm's profit - maximizing (or loss - minimizing) output level? What is the amount of its economic profits (or loses) at this output level?
A project requires an invesment of 37,000 dollars. The project will project revenews of 3,000 dollars at the end of the next 16 years. At the end of the life of the project, the equipment can be so
What are the economic benefits and dis-benefits of either approach? What are the micro vs. the macro considerations of selecting an approach of governmental oversight and monitoring?
If these are the only two firms supplying gadgets, what is the elasticity of supply in the market for gadgets?
Future rate is expected to be 0.009 US dollars per Yen. Your striking price is 0.01 US dollars per Yen. If the spot rate in 180 days is .011, do you exercise the option or let it expire?
Suppose that the Bank of Canada decides to expand the money supply. What is the effect of this policy on the interest rate in the long run? How do you know?
Find the mean and the standard deviation of the sampling distribution of x, and find an interval containing 95.44 percent of all possible sample mean returns