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illustrate what would be the impact of this anticipated expansionary monetary policy on output and inflation.
Explain the opportunity cost of good 1 in terms of good 2.
Flexible exchange rate system, monetary policy is typically more effective than fiscal policy in increasing real GDP.
Illustrate that optimal quantities of labor and capital satisfy L/K = (α/β) (PK/PL). Give an intuitive explanation for this result.
Determine the marginal cost of an additional watch? As profit maximizer, what price and output must the firm set?
Compute equilibrium income, autonomous spending, multiplier. What will happen to equilibrium income in the following cases.
Elucidate the impact will be in terms of major macroeconomic variables of the U.S. economy such as GDP growth, unemployment rate, and inflation.
What affect (if any) would this have on firm Z's profit maximizing subscription price and number of subscribers?
Illustrate what are autonomous expenditures. Explain how much of an rise in government spending would be required to close the gap.
Determine firm-s profit maximizing price and quantity. What is its profit?
It could be argued that rational buyer must never experience negative marginal utility. Describe why?
Illustrate what is equilibrium output also impact on the value of dollar and aggregate expenditure model.
Find out the level of consumer and producer surplus? Show your findings in a graph.
Elucidate which variables cause a movement along the supply of dollars curve also which variables cause the curve to shift.
Choice is between ice cream at $1 a cone and Big Macs at $2 apiece. Based on MU/P columns for Big Macs and Ice Cream, determine the utility-maximizing combination.
For each of the below scenarios, mathematically define the modified budget constraint. Then for each case, graph the original and modified budget constraint on a single graph.
Illustrate what is the opportunity price of holding excess reserves. Explain how do you think this would affect the independence of the Fed.
Would you expect indifference curve to be steeper or shallower at points which represent lot of reading and very little writing? Describe why?
Elucidate the effect of expansionary monetary policy in the short-run using the AS/AD model. Make sure to explain why the curves shift.
Solve for equilibrium quantity and price, after tax has been imposed. (Hint: Remember in equilibrium, qd = qs. However, ps = pd - τ when a tax exists. Substitute for ps, then solve for equilibri
explain how the Fed would have to change the discount rate to achieve the desired change in the money supply.
explain by how much the Fed must change the reserve requirement to achieve the desired change in the money supply. Suppose banks hold no excess reserves also individuals hold no money.
Determine monopoly price, profits, and consumer surplus.
If monopolist can use single two-part tariff, compute two part tariff which will maximize firm's profits.
Compute reserve needs and money multiplier with the given information. Complete the first five rounds of the money creation process.