Economics

Suppose that the money supply and the nominal GDP for a hypothetical economy are

Suppose that the money supply and the nominal GDP for a hypothetical economy are $96 billion and $336 billion, respectively. What is the velocity of money? Instructions: Round you…

Suppose that the money supply is $1 trillion and nominal GDP is $10 trillion. Wh

Suppose that the money supply is $1 trillion and nominal GDP is $10 trillion. What is the velocity of money? Number For the next two questions, suppose that the velocity of money …

Suppose that the money supply is $1 trillion and nominal GDP is $10 trillion. Wh

Suppose that the money supply is $1 trillion and nominal GDP is $10 trillion. What is the velocity of money? Number For the next two questions, suppose that the velocity of money …

Suppose that the money supply is $1 trillion and nominal GDP is $10 trillion. Wh

Suppose that the money supply is $1 trillion and nominal GDP is $10 trillion. What is the velocity of money? Number For the next two questions, suppose that the velocity of money …

Suppose that the money supply is $1 trillion and nominal GDP is $10 trillion. Wh

Suppose that the money supply is $1 trillion and nominal GDP is $10 trillion. What is the velocity of money? For the next two questions, suppose that the velocity of money permane…

Suppose that the money supply is $95 billion and the nominal GDP for our model e

Suppose that the money supply is $95 billion and the nominal GDP for our model economy is $340 billion. What is the equation of exchange? What is the formula and the definition of…

Suppose that the monopolist can produce with a constant marginal cost of $20 per

Suppose that the monopolist can produce with a constant marginal cost of $20 per unit and there is no       fixed cost. Assume also that he monopolist sells its goods in two diffe…

Suppose that the national economy is experiencing a recession with an estimated

Suppose that the national economy is experiencing a recession with an estimated recessionary gap of $20 billion. Congress is considering the use of fiscal policy to ease the reces…

Suppose that the natural rate of unemployment in a particular year is 6 percent

Suppose that the natural rate of unemployment in a particular year is 6 percent and the actual rate of unemployment is 9 percent. Instructions: Enter your answers as whole numbers…

Suppose that the necessary and sufficient constraints are respected and that a s

Suppose that the necessary and sufficient constraints are respected and that a stimulus predicting reward (CS+) is followed by a reward (US+) 20 consecutive times (from t1 to t20)…

Suppose that the nominal rate of interest is 4 percent and the inflation premium

Suppose that the nominal rate of interest is 4 percent and the inflation premium is 2 percent. a. What is the real interest rate? b. Alternatively, assume that the real interest r…

Suppose that the number of crates of an agricultural product is given by 0.03x 2

Suppose that the number of crates of an agricultural product is given by 0.03x 2y where x is the number of hours of labor and y is the number of acres of the crop Find the margina…

Suppose that the one-year interest rate is 3.50% in the United States and 404% i

Suppose that the one-year interest rate is 3.50% in the United States and 404% in Germany The one-year forward exchange rate is $1.4566/1.00. What should the spot exchange rate be…

Suppose that the one-year interest rate is 5.0 percent in the United States and

Suppose that the one-year interest rate is 5.0 percent in the United States and 3.5 percent in Germany, and that the spot exchange rate is $1.12/ and the one-year forward exchange…

Suppose that the only two firms in an industry face the market (inverse) demand

Suppose that the only two firms in an industry face the market (inverse) demand curve p=160-Q. Each has constant marginal cost equal to 16 and no fixed costs. Initially the two fi…

Suppose that the only two firms in an industry face the market (inverse) demand

Suppose that the only two firms in an industry face the market (inverse) demand curve p=100-Q. Each has constant marginal cost equal to 10 and no fixed costs. Initially the two fi…

Suppose that the overnight rate and the overnight rate target are at 4.5 percent

Suppose that the overnight rate and the overnight rate target are at 4.5 percent. The interest rate spread household and business borrowing should be 2.5 percent. a. To achieve th…

Suppose that the owner of Boyer Construction is feeling the pinch of increased p

Suppose that the owner of Boyer Construction is feeling the pinch of increased premiums associated with workers’ compensation and has decided to cut the wages of its two employees…

Suppose that the parents of a young child decide to make annual deposits into a

Suppose that the parents of a young child decide to make annual deposits into a savings account, with the first deposit being made on the child's fith birthday and the last deposi…

Suppose that the parents of a young child decide to make annual deposits into a

Suppose that the parents of a young child decide to make annual deposits into a savings account with the first deposit being made on the child's fifth birthday and the last deposi…

Suppose that the point price elasticity of demand for a good is constant and equ

Suppose that the point price elasticity of demand for a good is constant and equal to   -0.5 . Which of the following best explains what this means? 1. For a one percent increase …

Suppose that the political conflicts between the U.S. and oil exporting countrie

Suppose that the political conflicts between the U.S. and oil exporting countries caused the oil exporting countries to institute an oil embargo against the U.S. Then the U.S. gov…

Suppose that the position of a nation\'s long-run aggregate supply (LRAS) curve

Suppose that the position of a nation's long-run aggregate supply (LRAS) curve has not changed, but its long-run equilibrium price level has increased. FACTOR a. b. c. d. e. f. Ar…

Suppose that the position of a nation\'s long-run aggregate supply curve has not

Suppose that the position of a nation's long-run aggregate supply curve has not changed, but its long-run equilibrium price level has increased. Which of the following factors mig…

Suppose that the position of a nation\'s long-run aggregate supplycurve has not

Suppose that the position of a nation's long-run aggregate supplycurve has not changed, but its long-run equilibrium price level hasincreased. Which of the following factors might…

Suppose that the potential demand for a piece of software is given by QD(P) = 4,

Suppose that the potential demand for a piece of software is given by QD(P) = 4,000 -4P. The software will cost $50,000 to develop. Once it is developed, the software can be distr…

Suppose that the president has decided to increase government spending by buildi

Suppose that the president has decided to increase government spending by building more libraries. The legislation was rushed through Congress and enacted without any delay. From …

Suppose that the president has decided to increase government spending by buildi

Suppose that the president has decided to increase government spending by building more libraries. The legislation was rushed through Congress and enacted without any delay. From …

Suppose that the president of theUnited States just gave a State of the Union ad

Suppose that the president of theUnited States just gave a State of the Union address. One of theissues that the president focused on was the fact that the countryhas recently exp…

Suppose that the price elasticity for hip replacement surgeries is 0.4. Further

Suppose that the price elasticity for hip replacement surgeries is 0.4. Further suppose that hip replacement surgeries are originally not covered by health insurance and that at a…

Suppose that the price elasticity for hip replacement surgeries is 0.4. Further

Suppose that the price elasticity for hip replacement surgeries is 0.4. Further suppose that hip replacement surgeries are originally not covered by health insurance and that at a…

Suppose that the price of a textbook was $150 in 2000 and is now $220 in 2016. S

Suppose that the price of a textbook was $150 in 2000 and is now $220 in 2016. Suppose further that the CPI in 2000 was 100 and the CPI today in 2016 is 110. What is the real pric…

Suppose that the price of fruity pebbles cereal is $2 per box and the price of o

Suppose that the price of fruity pebbles cereal is $2 per box and the price of of bing cherries is $6 per pound. if you get 30 utils from the last pound of bing cherries you consu…

Suppose that the price of gasoline has risen by 50%. What happens to a consumer\

Suppose that the price of gasoline has risen by 50%. What happens to a consumer's level of well-being given he spends some of his income on gasoline? Diagram the impact of the inc…

Suppose that the price of jet fuel used by airlines has increased dramatically.

Suppose that the price of jet fuel used by airlines has increased dramatically. As the CEO of Blue Sky Airlines (BSA), you have been presented with the following options to deal w…

Suppose that the price of jet fuel used by airlines has increased dramatically.

Suppose that the price of jet fuel used by airlines has increased dramatically. As the CEO of Blue Sky Airlines (BSA), you have been presented with the following options to deal w…

Suppose that the price of one taco is $1 in the U.S., and that tourists can buy

Suppose that the price of one taco is $1 in the U.S., and that tourists can buy a taco in Mexico for 2.50 pesos. If the nominal exchange rate is 7.50 pesos per dollar, which of th…

Suppose that the price of peanuts falls from $3 to $2 prebushel and that, as a r

Suppose that the price of peanuts falls from $3 to $2 prebushel and that, as a result, the total revenue received by peanutfarmers changes from $16 to $14 billion. Thus: A.the dem…

Suppose that the price of product A decreases from $27 to $14 and, as a result,

Suppose that the price of product A decreases from $27 to $14 and, as a result, the quantity traded of A increases from 175 to 210, the quantity traded of B increases from 65 to 1…

Suppose that the price of product A decreases from $30 to $18 and, as a result,

Suppose that the price of product A decreases from $30 to $18 and, as a result, the quantity traded of A increases from 190 to 255, the quantity traded of B increases from 60 to 7…

Suppose that the price of stocks (i.e., households\' assets) increases dramatica

Suppose that the price of stocks (i.e., households' assets) increases dramatically. Which of the following is most likely to occur? There is a movement down the aggregate demand c…

Suppose that the prices of dairy products have risen relatively less than prices

Suppose that the prices of dairy products have risen relatively less than prices in general over the last several years. To which problem in the construction of the CPI is this si…

Suppose that the prices of dairy products have risen relatively less than prices

Suppose that the prices of dairy products have risen relatively less than prices in general over the last several years. To which problem in the construction of the CPI is this si…

Suppose that the production function of a representative firm in perfect competi

Suppose that the production function of a representative firm in perfect competition is given as X=K0.25L0.75 and the budget of this firm is defined as PL+PK=C for arbitrary C a. …

Suppose that the production function of a representative firm in perfect competi

Suppose that the production function of a representative firm in perfect competition is given as X=K0.25L0.75 and the budget of this firm is defined as PLL+PKK=C for arbitrary C.d…

Suppose that the production function takes the form Y = AKa*L1-a, where a?= 1/3.

Suppose that the production function takes the form Y = AKa*L1-a, where a?= 1/3. Assume that the saving rate, s = 0.15 and the rate of depreciation d = 0.05 Further, let A = 1, an…

Suppose that the production of crayons (q) is conducted at two locations and use

Suppose that the production of crayons (q) is conducted at two locations and uses only labor as an input.The production function in location 1 by Q1=10Lx^0.5 and in location 2 by …

Suppose that the productivity of capital and labour are as shown in the table be

Suppose that the productivity of capital and labour are as shown in the table below. The output of these factors sells in a perfectly competitive market for $1 per unit. Both capi…

Suppose that the productivity of capital and labour are as shown in the table be

Suppose that the productivity of capital and labour are as shown in the table below. The output of these factors sells in a perfectly competitive market for $1 per unit. Both capi…

Suppose that the projected lifetime earnings gains from migration exceed the cos

Suppose that the projected lifetime earnings gains from migration exceed the costs of moving. If a person considers the present value of their lifetime earnings gains, they would …