how rapidly has the money supply (M1) grown during the past twelve months? State the rate of growth (use http://www.federal reserve.gov/release/h6/) and the most recent release, use the seasonally adjusted figures. Calculate the rate of growth across the year by taking the (new amount of M1 – old amout of M1)/old amount of M1. Given the state of the economy, should monetary authorities increase or […]
If the committee wants to maximize the net benefit from reducing acid rain, what is the optimal level of pollution reduction? 3.[5 points] Suppose that a perfectly competitive industry is in long-run equilibrium. Then the price of a complement good decreases. What will happen? A. Next period a typical firm will increase output. B. Next period a typical firm will earn a greater than normal […]
A long running dispute in economics is on the structure of the economy. Some economists believe that the U.S. economy is mostly perfectly competitive whereas other economists believe that the structure of the economy is mostly like that of a monopoly. Support a claim using your economics knowledge.
I a looking to see if I am on the right track for this problem. Jeff Jones earns $1,200 per week. He’s married and claims four withholding allowances. The social seinsuraI know that I take the heath insurance for anything else is done. Wh Here is where I am…
Summarize the recent policy of the Federal Reserve concerning the level of interest rates and the reasons for this policy. Do you agree with this policy? Why or why not? How does this policy affect the supply of and demand for products and services? What problems can arise when interest rates are kept very low for an extended period of time? Please include historical examples […]
The question is : The original Budget constraint is p1x1 + p2x2 = m, an income tax levied at rate t (0<t<1) on the consumer. Draw the graph to explain the change of the budget constraint. thank you so much, and please write clearly. X1M2/P1 B.L 2 M0/P1M 1/P1 B. L 0IC 2 IC0 B.L1 IC 1 0 M/P 2 X2 Where: X1 = Good […]
1) Generally if a county(the domestic county) has a trade deficit, if will correct itself A) the domestic currency getting weaker B) the domestic currency getting stronger C) using tariffs to slow the imports D) increased gov. Spending 2)inflation and unemployment are tradeoffs under which economic view. A) Neoclassical B) Isolationist C )Keynesian D) all of the above 3) increasing the requires reserves will: A) […]
Consider a Solow growth model with Cobb-Douglas production, savings rate s, depreciation rate δ, population growth rate n, and rate of technological progress equal to g. You can use your answers from Question 2 to answer the following questions. (a) Consider the following empirical observations for the U.S.: Population growth is roughly 2% Depreciation accounts for 10% of GDP GDP grows at a rate of […]
Are you speculating when you buy fire insurance on your home? Could you save money by getting together with your friends to form an insurance cooperative, thereby eliminating the necessity of paying something to a middleman (the insurance company)? What kinds of useful information do insurance companies provide? Large companies -Wal-Mart for one – are often scrutinized for selling products below cost until their rivals […]
Believe a. is MC=13+.5Q, b. is P1=$40 P2=$55, and c. is P=$40 and Q=30.Need help on d through g. Homework 31. Consider the world oil market, in which a cartel (OPEC) and a competitive fringe (rest ofthe world) are operating. Suppose that global oil demand and the supply of thecompetitive fringe are given by the following functions:Qw = 70 – P,Qf = -40 + P.Furthermore, […]
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