Briefly explain how each of the following changes the money
Briefly explain how each of the following changes the money supply.
a. the central bank buys bonds
b. the central bank raises the discount rate
c. the central bank raises the reserve requirement
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Briefly explain how each of the following changes the money supply.a. the central bank buys bonds b. the central bank raises the discount rate
U.S. real gross domestic product increased from $10 trillion in 2000 to $15 trillion in 2010. During that same decade the share of manufactured goods (e.g., cars, appliances) fell from 16 percent to 12 percent.
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A monopolist faces the demand curve Q = 60-P/2. The cost function is C=Q2. Find the output that maximises this monopolist’s profits. What are the prices at profits and that output? Find the elasticity of demand at the profit maximising output.
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