Answer the following three questions dealing with monetary policy. (a) Explain how the Federal Reserve might carry out a “tight” monetary policy. ANS: (b) Explain how the Federal Reserve might carry out an “easy” monetary policy. (c) How would each of the policies affect the equilibrium interest rate? ANS:
“In the model of a dominant firm, assume that the fringe supply curve is Q = -1 + 0.2P, where P is market price and Q is output. Demand curve is given by Q = 11 – P.” What will price and output be if there is no dominant firm? Now assume that ther is a dominant firm, whose marginal cost is constant at $6. […]
Please read the article below. Then use economic theories/concepts discuss it by responding to the following questions. Please use references such as other articles, text, etc to support/justify your arguments. Please use question and answer format in this assignment. Canadian economy grows at 3 per cent in 2017, fastest pace in 6 years Canadian economy grows at 3 per cent in 2017, fastest pace in […]
1. Explain the meaning of IS curve. Why does it have a negative slope? What factors determine the flatness or steepness of the IS curve? (10 marks) 2. Use the IS-LM graph to determine the effects on the equilibrium level of income (output) and the interest rate of the following: (a) an increase in government spending, and (b) an increase in taxes. Why do income […]
Consider the attached table which gives information about the labor requirement coefficients for two goods Oranges and Grapes for two countries Mexico and Argentina along with their respective total available labor supply. Assume the labor is the only resource needed in the production of the goods and that labor is homogeneous within a nation. Draw the corresponding total production table and the appropriate PPF curve […]
Let us return to a modified version of the court settlement example. You have the option to settles out of court for $250K. If you go to court, there is a 50% chance you win and pay $100K and a 50% chance you lose and pay $500K. Suppose someone says that he can sell you information about your opponent’s argument. The information is going to […]
4 . Assume that the following table represents the economy of the country of Hadaka .Given a labour force that remained a constant 150 million , calculate the unemployment*and inflation rates for each of the years 2009 – 2014 . ( Express answers to one decimalplace. )YearPrice Index InflationUnemploymentUnemploymentRate ( % )( in millions )Rate ( % )2009100201010315201 1107. 113.52012112.59. 02013121.57.52014136 . 16.6
In the cost, demand and marginal revenue curves for the monopolist, where the monopolist’s production cost is proportional to output and the average total cost are constant and equal to each other, suppose the monopolist can perfectly price discriminate, using a graph, show the monopolist’s profit and give a brief explanation.
2 students take an exam. The student with higher score will receive ‘Excellent’ student with the lower score – ‘Good’. Student 1’s score = x1 + 1.5, where x1 – amount of effort she invests in studying. (the greater the effort, the higher the score.). Student 2’s score = x2, where x2 is the amount of effort (measured in full days dedicated to studying) he […]
The federal reserve has three major tools that it can use to control money supply growth and interest rates- reserve requirements, discount rate, open market operations. However, the fed relies exclusively on open market operations. (A) Why doesn’t the fed use its reserve requirement and discount rate power? (B) Why does the Fed reply so exclusively on open market operations?
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